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DUNN GARDEN APARTMENTS, INC. v. COMM'R OF ASSESSMENT & TAXATION OF THE CITY OF TROY

26 A.D.2d 592 (1966)

Dunn Garden Apartments, Inc., Appellant, v. Commissioner of Assessment and Taxation of the City of Troy et al., Respondents. (And Three Other Actions.)

Appellate Division of the Supreme Court of the State of New York, Third Department.

June 3, 1966

MEMORANDUM BY THE COURT.

The Referee's considered evaluations and computations seem to us to have adequate evidentiary support, with the single exception of the capitalization rate applicable to building investment, which we find inadequate. Otherwise adopting, for the most part, the Referee's findings of value and his calculations, we find that the full value in each of the years in question was $1,100,000 and that for each of said years the property should be assessed...

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