Michael Rikon recovered $473,578 as an additional allowance pursuant to EDPL Sec. 701 in Matter of Port Chester, Bologna-Didden bringing the total recovery to $4,735,714. The Condemnor’s advance payment was $975,000.
Michael Rikon recovered $472,055 as an additional allowance in Mazur Brothers v State of New York, which brought the total recovery to $4,972,055. The State’s total appraised damages were $1,011,500.
Michael Rikon settled the claims of Tuck-It-Away against the New York State Urban Development Corp. for a total of $47,000,000 plus $250,000 for trade fixtures. The pre-vesting offer was $33,000,000.
Michael Rikon settled the case of Freiman Coated Fabric Corp. against the State of New York for $3,250,000 plus interest. The advance payment was $133,000.
Michael Rikon settled the additional allowance claim for legal and appraisal fees in the Split Rock Partnership v Rockland County Sewer District No.1 for $3,375,000. This was in addition to $12,877,061 recovered after trial. The total recovery was $16, 252,061. The pre-vesting offer was $244,800.
Michael Rikon settled the claim for a garage taken in the Second Avenue Subway proceeding by the M.T.A. for $7,021,303. The pre-vesting offer was $1,370,000.
Jonathan Houghton recovered $241,740 from the Hon. Wayne R. Saitta for an additional allowance pursuant to EDPL § 701. Matter of City of New York (Paolella), 2015 N.Y. Misc. LEXIS 4338 (Sup. Ct. Rich. 2015). This was in addition to $810,000 plus interest of $306,940 awarded after trial. The award was affirmed on appeal. 122 AD3d 859 [2d Dept 2014] The City’s offer was $165,400.
Michael Rikon recently won an award of $3,500,000 for the taking of wetlands property located on Staten Island. The case is Matter of City of New York (Staten Island Land Corp.), Index No. 4013-06.
Michael Rikon won an award of $10,100,000 after trial for the taking of 7 acres of wetlands in the Oakwood section of Staten Island. The City’s pre-vesting offer was $611,000.
Jonathan Houghton won an appeal in the Appellate Division, Second Department, in Matter of Queens West (Nixbot Realty), 121 AD3d 903, reversing a decision which denied a tenant its trade fixture claim based on alleged common shareholders.