What is the maximum dollar amount that can be stolen for it to qualify as Grand Larceny in the 1st Degree?

The qualification for Grand Larceny in the 1st Degree in New York is based on the value of the property stolen. Specifically, for an offense to be categorized as Grand Larceny in the 1st Degree, the value of the property must exceed $1,000,000. This distinction is crucial in New York law, where different degrees of larceny are defined not just by the act of theft, but significantly by the monetary worth of the items taken. Other categories of larceny exist for lower value thresholds, but Grand Larceny in the 1st Degree is specifically reserved for those cases involving property valued over the $1,000,000 mark, making it one of the most serious theft offenses under the law. Understanding these thresholds is vital for distinguishing between various larceny charges and the corresponding legal implications.