Case Name: Guaranty Trust Company of New York, Respondent, v. Kingscote Realty Corporation and William Braden, Appellants, Impleaded with Others, Defendants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1940-12-20
Citations: 260 A.D. 1011
Docket Number: 
Parties: Guaranty Trust Company of New York, Respondent, v. Kingscote Realty Corporation and William Braden, Appellants, Impleaded with Others, Defendants.
Judges: 
Reporter: Appellate Division Reports
Volume: 260
Pages: 1011–1011

Head Matter:
Guaranty Trust Company of New York, Respondent, v. Kingscote Realty Corporation and William Braden, Appellants, Impleaded with Others, Defendants.

Opinion:
Per Curiam.
The evidence before the referee clearly supports his finding that the land was worth $501,600. Giving due consideration to all the elements prescribed in Heiman v. Bishop (272 N. Y. 83), we are convinced that the building added at least $450,000 to the value of the land, making a total of $951,600. The amount due on the bond and mortgage was $924,965.18.
The order and the judgment appealed from should be reversed, with costs, and the motion for a deficiency judgment denied.Present — Martin, P. J., Townley, Untermyer, Dore and Cohn, JJ.
Judgment and order unanimously reversed, with costs, and motion for deficiency judgment denied.