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  5. 57 N.Y.2d 588 (1982)
 

TRUMP-EQUITABLE v. GLIEDMAN

57 N.Y.2d 588 (1982)

In the Matter of Trump-Equitable Fifth Avenue Company, Appellant, v. Anthony B. Gliedman, Individually and as Commissioner of the Department of Housing Preservation and Development of the City of New York, Respondent.

Court of Appeals of the State of New York.

Decided December 14, 1982.

Attorney(s) appearing for the Case

Milton S. Gould and Roy M. Cohn for appellant.

Frederick A. O. Schwarz, Jr. (Edith I. Spivack and Rochelle M. Corson of counsel), for respondent.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, FUCHSBERG and MEYER concur.

WACHTLER, J.

The Trump-Equitable Fifth Avenue Company (Trump), which seeks a partial tax exemption in this proceeding, is a joint venture which owns a parcel of real property located at 721-725 Fifth Avenue in Manhattan. Before Trump acquired the property, the site was improved with a 12-story structure used as a retail department store owned and occupied by Bonwit Teller & Company. Trump demolished the building...

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