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WASHBRIDGE HOUS. v. TAX COMM.

60 Misc.2d 296 (1968)

In the Matter of Washbridge Housing Corp., Petitioner, v. Tax Commission of the City of New York, Respondent.

Supreme Court, Special Term, New York County.

April 25, 1968

Attorney(s) appearing for the Case

Demov & Morris (Eugene J. Morris and Isaac Sherma of counsel), for petitioner. J. Lee Rankin, Corporation Counsel (Herbert Levy of counsel), for respondent.

JOHN A. MULLEN, Spec. Ref.

In determining the proper value of the properties involved in this proceeding, in my opinion it is necessary to consider the provisions of the laws under which the acquisition of the air rights, or land, and the erection of these buildings were made possible.

These properties were acquired and constructed pursuant to the provisions of articles 2 and 3 of the Private Housing Finance Law enacted by chapter 803 of the Laws...

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