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ANOTHER THING ABOUT MATTER OF TOWN OF OYSTER BAY v 55 MOTOR AVENUE COMPANY, LLC

In our last posted blog, we criticized the Second Department’s decision in the above case for confusing what is necessary to prove a reasonable probability of rezoning and the ability to develop land pursuant to a special permit. But there is another problem with the Appellate Division’s decision.  It held that although three parcels were physically contiguous and had unity of ownership, parcel 3 could not be considered as having unity of use because the claimant had entered into a ground lease for parcel 3 seventeen months before the vesting… read more

Posted in Highest and Best Use, Unity of Ownership, Valuation Free and Clear
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