Legal Opinion
Olympia & York 2 Broadway Co. v. Produce Exchange Realty Trust
New York Supreme Court
Decided October 5, 1982PublishedCited by 1 opinion
1Opinion of the Court
OPINION of the court
David B. Saxe, J.
The principal issues that must be resolved in this proceeding involving the appraisal of certain commercial property in lower Manhattan is as follows: (a) What method of appraisal may be utilized if the agreement for appraisal has not specified a particular method of valuation? and (b) What effect would the existence of the lease between the parties have on the appraisers’ determination of value?
The essential facts are as follows:
The plaintiff’s predecessor had leased the premises, 2 Broadway, New York, New York, from defendant’s predecessor in interest in…
2Cases cited11 opinions
- Matter of Delmar Box Co.(ætna Ins. Co.)New York Court of Appeals · 1955
- Rice v. Ritz Associates, Inc.Appellate Division of the Supreme Court of the State of New York · 1982
- Ice Service Co. v. Phipps EstatesNew York Court of Appeals · 1927
- Moore v. EadieNew York Court of Appeals · 1927
- Plaza Hotel Associates v. Wellington Associates, Inc.New York Supreme Court · 1967
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3Cited by1 opinion
- Olympia & York 2 Broadway Co. v. Produce Exchange Realty TrustAppellate Division of the Supreme Court of the State of New York · 1983