After hearing, the trial court fixed the assessed valuation of the land and building owned by petitioner at $665,000 for the tax year 1975/1976 and at $680,000 for each of the tax years 1976/1977 through 1979/1980. In so doing it reached a proper conclusion. The property in question is prime residential property. It is located at the southeast corner of 10th Street and Fifth Avenue and is improved with a 15-story and penthouse fireproof building containing 63 apartments....
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