Judgment modified, on the law, by reducing the assessment of the subject premises for the 1977-1978 tax year to $215,000 ($82,000 for the land, and $133,000 for the building). As so modified, judgment affirmed insofar as appealed from, without costs or disbursements.
In 1977, the subject premises were sold in what Special Term recognized as an arm's-length transaction, in a free market, for $215,000, payable all in cash. Absent countervailing considerations, the sale...
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