NEW YORK (PRWEB) April 11, 2018
Sanchez & Polovetsky, PLLC, (http://www.spnylaw.com) a midtown Manhattan law firm focusing its practice in eminent domain law, is pleased to announce that is has successfully almost tripled the eminent domain award initially offered to its client, a Queens building owner in the case captioned: In the Matter of Application of the City of New York, relative to acquiring title in fee simple absolute to certain real property where not heretofore acquired for the Archer Avenue Station Plaza, Stage 1 located along Archer Avenue within the area from 144th Place to 147th Place, in the Borough of Queens, City and State of New York, under Queens Supreme Court Index No. 19509/2013.
After approximately 4.5 years of Court proceedings, the firm successfully negotiated a settlement with the City of New York on behalf of its client, a building owner in Jamaica, Queens. Although the terms of the settlement are confidential, attorneys at the firm have confirmed that the settlement was in an amount that was approximately 2.5 times the initial eminent domain award offered to the client (almost triple with interest).
By avoiding a long and drawn out trial of the matter (which attorneys at the firm have confirmed was looming), Sanchez & Polovetsky was able to obtain considerable amounts of money for their client, while saving the client the substantial time and the money associated with eminent domain trials. According to public records, the property located in Queens at Tax Block 9986, Lots 70 and 73, was acquired by the City of New York through its powers of eminent domain on December 27, 2013. The property was taken in connection with the Archer Avenue Station extension and redevelopment project.
“By avoiding a drawn out trial we believe that we have saved both our Client and the City significant amounts of time and money, and have therefore helped, rather than hindered, the redevelopment of a major transit hub in the City,” says Jennifer Polovetsky, a partner at Sanchez & Polovetsky.
“Long and drawn out trials are not helpful to anyone involved and we are pleased to be a part of a case that was settled fairly. We look forward to the redevelopment of Jamaica, Queens, and to seeing the energy that New York City is known for while new development flows into this area,” says Philip Sanchez, a partner at Sanchez & Polovetsky.
ABOUT SANCHEZ & POLOVETSKY, PLLC
Sanchez & Polovetsky, PLLC is a midtown Manhattan based law firm, with offices at The Commerce Building, which focuses its practice in eminent domain law. The attorneys at the firm have over three (3) decades of combined legal experience in both the public and private sectors. Jennifer Polovetsky, Esq., who started her career as an attorney at the New York City Law Department in 2000 before entering private practice in 2003, is the firm's founding Member and a seasoned litigator with extensive experience in all aspects of Eminent Domain Law and Real Estate Law. Philip A. Sanchez, Esq., who became a Member of the firm in 2012, is in his eighteenth year of practice, having obtained his legal experience in both the public and private sectors, with a focus on Eminent Domain Law.