re: What value did NY courts place on MAL?

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A place 2 or so blocks away from MAL is on the market for $45 million and it sits on about .25 acres, at most, and it doesn’t have water access.

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Rush Limbaugh's widow just sold their place. 2.8 acres for $150 million. It is a somewhat comparable piece of property as it has beach on one side and intercoastal on the other.... same as MAL. In real estate, this is called a comp.

At 18 acres + ammenities MAL is easily worth $500 million and probably more.