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LECROSS ASSOCIATES v. CITY PARTNERS

168 N.J. Super. 96 (1979)

401 A.2d 1099

LECROSS ASSOCIATES, A LIMITED PARTNERSHIP, PLAINTIFF-RESPONDENT, v. CITY PARTNERS, LAC, GERALD GUTERMAN, JERRY STEINER, CERTIFIED MANAGEMENT CORPORATION AND BOROUGH OF FORT LEE, DEFENDANTS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided May 4, 1979.

Attorney(s) appearing for the Case

Mr. Jonathan N. Harris argued the cause for appellant Borough of Fort Lee (Messrs. Andora, Palmisano, De Cotiis & Harris, attorneys; Mr. Anthony D. Andora, of counsel).

Mr. Jay W. Greenstone argued the cause for respondent Lecross Associates (Messrs. Greenstone & Sokol, attorneys; Mr. Joseph F. Behot, Jr. on the brief).

No briefs were filed for appellants City Partners, Lac, Gerald Guterman, Jerry Steiner and Certified Management Corporation.

Before Judges HALPERN, ARD and ANTELL.

PER CURIAM.

Plaintiff is the ground lessee of real property which was assessed for tax purposes at $6,878,800 by intervenor-defendant Borough of Fort Lee for the 1977 tax year. On this basis a tax liability arose in the amount of $168,530.60. By judgment dated November 15, 1977 the assessment was reduced by the Bergen County Board of Taxation to $3,564,000 and the tax liability correspondingly lowered to $87,318. On December 14, 1977 an appeal, now pending, was taken...

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