In re the City of New York

Decree dated November 9, 1967, containing an award of $285,000 for Damage Parcel No. 9 (D. P. 9) unanimously reversed, on the law and on the facts, the award vacated, and the matter remanded for further hearings, without costs or disbursements. The valuation is founded on the sale price of a parcel at Cliff and Fulton Streets on which a 10-level parking garage was erected after demolition of the then existing building. After translating the sale price into an over-all unit of $35-75 per square foot, the trial court fixed an over-all unit for D. P. 9 of ¡$42.20 per square foot, on the ground…