Judicial notice should be taken that fortunes have been built from relatively small New York real estate investments.
March 18, 2011
It is common knowledge that fortunes have been built from comparatively small investments in New York real estate as a result of the unearned increment in values which has accompanied the growth of the metropolis over the years.
315 W. 97th St. Realty Co. v. Bowles, 156 F.2d 982 (Emer. Ct. App. 1945)