Petitioner The Trump-Equitable Fifth Avenue Company is a joint venture which owns a parcel of real property located at 721-725 Fifth Avenue in the Borough of Manhattan. Prior to the time petitioner took title to the property, the site was improved with a 12-story structure utilized as a retail department store owned and occupied by Bonwit Teller & Co. (Bonwit). Petitioner demolished the 12-story department...
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