Order, entered on or about January 29, 1962, reducing assessments for the tax years 1958-59, 1959-60 and 1960-61, unanimously reversed, with $20 costs and disbursements to appellants, and assessments confirmed.
The property located at 880 Fifth Avenue is improved by an apartment house, co-operatively owned. Both experts used a capitalization method based on estimated return and expenses assuming the building was run as a conventional commercial enterprise. On this...
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