Judgment unanimously reversed and a new trial ordered, with costs to the appellant to abide the event, on the ground of excessiveness of the damages awarded, unless plaintiff stipulates to reduce the verdict to $40,000 in which event the judgment, as so modified, is affirmed, without costs. Settle order on notice. Concur — Peck, P. J., Breitel, Botein, Frank and,Valente, JJ.