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TELEON REALTY v. CITY OF NY

88 Misc.2d 767 (1976)

Teleon Realty Corp. et al., Plaintiffs, v. City of New York et al., Defendants.

Supreme Court, New York County.

December 8, 1976

Attorney(s) appearing for the Case

Dreyer & Traub (Charles Feit of counsel), and Schwartz & Weiss, P. C. (Eugene Schwartz and Anthony Curreri of counsel), for plaintiffs. W. Bernard Richland, Corporation Counsel (Ralph Celentano of counsel), for defendant.

HAROLD BAER, J.

This is an action for a declaratory judgment. The basic facts were stipulated and the controversy submitted under CPLR 3222. The parties seek an interpretation and declaration of their respective rights under section 421 of the Real Property Tax Law.

The plaintiffs assembled a plot on Fifth Avenue between 51st and 52nd Streets. They sought and obtained zoning variances and the establishment...

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