New York Supreme Court, Appellate Division - First Department

New York Supreme Court, Appellate Division - First Department

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ...11000 Bldg. 8000 Imp. 2000 Imp. 2000 31000 25000 28000 26000 (Pols. 143-144). Davis (Defendants' Expert): 1873 1878-79 1885 1901-2 Land 14400 12000 16000 20000 Bldg. 10000 9000 8000 8500 24400 21000 24000 28500 (Fols. 191-193). It is fair to assume that an expert's knowledge of values at the present time is more accurate than their knowlege of values 20 or 30 years ago. The only important sale upon which to base values in Second ave. is the Lasak property on northwest corner of 52d street (fols. 188, 199); in 1S93 this property sold for $72,500 (fols. 199-201) a plot of land 100x100. Davis fixes the value of the full corner lot on the basis of this sale at $25,000 (fol. 199). He evidently takes this figure as his basis of value at the present time of a lot 25x58 feet, viz.: $20,000, which is just 80 per cent, of $25,000. With this theory in mind one deduction is inevitable, viz.: That since the sale in 1893 of the Lasak property there has been according to defendant's expert no advance of value at all in the plaintiff's premises. The witness testifies that there has been a decline even since, 189-i not amounting to more than five per cent. (fol. 195) yet he gives to-day the value of the plainciff's land the full value of 1893 based on the Lasak sale not taking off the 5 per cent, decline, which would reduce it according to his own testimony $1000. Tuj witn-HS do3s not aree with Marecella that the northwest corner is more valuable than the northeast corner (fol. 200) (See Marecella's testimony on this point at fol. 169) Nor does Davis consider the added value to the component parts of a large plot of land 100x100, when sold in bulk. Marecella further swears that the northwest corner of Second ave. was worth in 1893 at the time of Lasak...show more

Product details

  • Paperback | 258 pages
  • 189 x 246 x 14mm | 467g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236804260
  • 9781236804266