Case Name: In the Matter of the City of New York, Respondent, Relative to Acquiring Title to Real Property for a Project Known as 14th Street-Avenue B Community Development Project. Edward Rothenberg et al., Appellants
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1974-10-15
Citations: 46 A.D.2d 618
Docket Number: 
Parties: In the Matter of the City of New York, Respondent, Relative to Acquiring Title to Real Property for a Project Known as 14th Street-Avenue B Community Development Project. Edward Rothenberg et al., Appellants.
Judges: 
Reporter: Appellate Division Reports
Volume: 46
Pages: 618–618

Head Matter:
In the Matter of the City of New York, Respondent, Relative to Acquiring Title to Real Property for a Project Known as 14th Street-Avenue B Community Development Project. Edward Rothenberg et al., Appellants.

Opinion:
— Decree, Supreme Court, New York County, entered June 10, 1974, awarding $45,000 for the land and improvements of the claimants, unanimously modified, on the law, to the extent of increasing the award to $49,219, and otherwise affirmed, without costs and without disbursements. Under all the circumstances presented, the evaluation used should have been based on a capitalization rate of 6.4% resulting in an increased award as indicated. However, we agree with the trial court that claimant was not entitled to any additional compensation for loss of plottage (cf. Matter of the City of N. Y. [Manhattan Sav. Bank], 13 A D 2d 942). Concur — McGivem, P. J., Markewieh, Kupferman, Lupiano and Lane, JJ.