In its April 19, 2005 decision in 520 East 81st Street Associates v. State of New York
Appellate Division Awards Compound Interest in Takings Case
In its April 19, 2005 decision in <i>520 East 81st Street Associates v. State of New York</i>, the Appellate Division, First Department, held that principles of just compensation require that claimant be awarded compound interest as part of its takings damages. While various Federal and state courts had previously awarded compound interest under such circumstances, <i>520 East 81st Street</i> marks the first time that a New York State Court has done so.
This premium content is locked for New York Real Estate Law Reporter subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN New York Real Estate Law Reporter
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact Customer Service at [email protected] or call 1-877-256-2473.






