MATTER OF NOSTRA REALTY CORP. v. TAX COMM'N OF THE CITY OF NEW YORK


91 A.D.2d 881 (1983)

In the Matter of Nostra Realty Corporation, Appellant, v. Tax Commission of the City of New York, Respondent

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

January 4, 1983


For the reasons stated in Special Term's opinion of November 8, 1982, we find that the fair market value of this parcel equaled or exceeded its assessed value for the tax years under discussion. While Special Term states in its opinion that it did not increase the assessed valuation for the tax years 1976/1977 to 1978/1979, its order, entered December 2, 1980, seems to raise the assessment for those years. For the sake of clarification, we modify the order to show that the...

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