MATTER OF PARK TEN ASSOCS. v. CITY OF NEW YORK DEP'T OF FIN.


74 N.Y.2d 628 (1989)

In the Matter of Park Ten Associates, Respondent-Appellant, v. City of New York Department of Finance et al., Appellants-Respondents.

Court of Appeals of the State of New York.

Decided May 4, 1989.


Attorney(s) appearing for the Case

Peter L. Zimroth, Corporation Counsel (Amy F. Nogid, Edith I. Spivack, Peter Rabinowitz and Glen Newman of counsel), for appellants-respondents.

Michael P. Richman and Steven S. Miller for respondent-appellant.

Joseph L. Forstadt and Lauren G. Klein for New York State Land Title Association, amicus curiae.

Chief Judge WACHTLER and Judges SIMONS, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur in memorandum; Judge KAYE taking no part.


MEMORANDUM.

The judgment of the Appellate Division should be modified, with costs to appellants-respondents, by reinstating so much of respondents' determination as disallowed the deduction of the consolidated mortgage of $9,954,474.91 from the net consideration subject to the real property transfer tax and, as so modified, affirmed.

This appeal arises out of respondents' assessment of a deficiency in the amount of...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases