26 A.D. 314 | N.Y. App. Div. | 1898
It has been so often held that an award of commissioners of appraisal will not be set aside as inadequate, unless the inadequacy is so palpable as to shock the sense of justice, that'it is unnecessary to reiterate the rule or cite authorities for its support. ■ The present case is not of that character, and unless the commissioners erred in the principle on which they made their determination,, their report must stand.
The whole premises of the appellants were taken. The sole question, therefore, presented to the commissioners for determination was the market value of the property. The premises consisted of' a. plot of land with a store thereon, where for many years the appellants had carried on business as merchants. On the hearing before the commissioners the appellants sought to prove the profits they had made in their business during a term of years. This testimony was rejected: we think properly. It is doubtless competent for the landowner to prove the value of the land taken from him for any purpose for which it may properly be used, and he is entitled to that value, even though he may put the property to a different use. It was of course competent to show that the property was used for business purposes and was suitable for such purposes, for as a rule business property demands a higher price than property used merely for the purpose of residence. It was also competent to show the general character of the business, for property desirable or available for business of a certain character commands higher prices than property only suitable for business of another character, but the profits the occupants had realized from the business carried on upon the property does not tend to show the value of the property itself. In Newton v. Armstrong (19 N. Y. Supp. 573) it was held that evidence of the profits derived from carrying on a mill was not competent evidence of value in a proceeding to acquire the mill property. It was there said : “ The testimony did not properly tend to. prove the value of the mill. The size and Capacity of the mill, and the extent of the water, of course, were relevant. But an inquiry into the owner’s business involved other elements: The owner’s business skill, the price of labor, the absence or presence of competition — which did not affect the value of the property.” This is true in a greater degree in the case now before us, as the only use
- The order and report appealed from should be affirmed, with ten dollars costs and disbursements.
All concurred.
Order and report affirmed, with ten dollars costs and disbursements.