Owner Loses Demand for Extra Fees

Owner claimed an additional $3 million in attorney’s fees, based on disputes over the valuation of property. In 2014 the New York State Urban Development Corporation took by eminent domain the property of TKGSM-NY, LLC, a Brooklyn business. The State ultimately paid over $25 million to compensate the business for its property located at 718-728 Atlantic Avenue, Brooklyn. The owner asserted that the lengthy efforts to resolve the differences between the appraisal offered by the … <Read More>