LINCOLN CO-OP APARTMENTS, INC. v. FIN. ADMIN. OF THE CITY OF NEW YORK


88 A.D.2d 654 (1982)

Lincoln Co-Op Apartments, Inc., Appellant, v. Finance Administration of the City of New York et al., Respondents

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

May 24, 1982


Judgment affirmed, with costs.

The decision of Special Term on all issues was within the range of the evidence and was free from error. In determining values, both experts treated the subject six-building co-operative complex as rental property and capitalized estimated income. Petitioner's expert, however, reduced the number of rentable rooms from 1,297 to 1,273½, by providing for five superintendent's apartments. Petitioner claims that, as a practical matter...

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