DocketNumber: Claim No. 52137
Citation Numbers: 42 A.D.2d 1036, 348 N.Y.S.2d 268, 1973 N.Y. App. Div. LEXIS 3297
Filed Date: 10/26/1973
Status: Precedential
Modified Date: 11/1/2024
—Judgment unanimously reversed, on the law and facts, and new trial granted, without costs. Memorandum: The condemned property lay in an area zoned M-l, industrial. It consisted of 4,020 square feet of land, approximately square in shape, between Allen Street and property of the Penn-Central Railroad. It contained a two-story brick building with four apartments and a two-story cement block single dwelling. Claimants resided in the latter and rented the former to residential tenants. Claimants’ appraiser testified that the highest and best use of the property was for commercial or industrial purposes. The State’s appraiser testified that because of its size it was not suited for commercial purposes and that its highest and best use was its present use as residential property. He was so confident of this that he gave no estimate of value of the property for commercial or industrial purposes. The court found, quite reasonably, that the highest and best usé of the property was for commercial or industrial purposes, and so it completely disregarded the testimony of the State’s appraiser. Claimants’ appraiser supported his estimate of the value of this property by testimony concerning so-called comparable property. His comparables, however, were substantially larger and more valuable than the subject property and he failed to make adjustments to relate them to this property. In addition, he supported his está