NJ Court Upholds $4.4M Price Tag For Hoboken Land Taking

By John Petrick (February 26, 2018, 8:12 PM EST) -- A New Jersey appellate panel on Monday upheld the $4.4 million valuation of a Hoboken parking lot condemned by the city under eminent domain proceedings, finding a lack of evidence that the city drove down the market value of the 1-acre lot before taking it for a park.

The court disagreed with property owners Ponte Equities Inc. and Unity Environmental Group Inc. that June 11, 2008, should be the controlling date for valuation because the city allegedly took actions on that date that substantially affected the worth of the property, the ruling stated. The property owners contended that the city's intent...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!