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MATTER OF 43RD ST. SECOND AVE. CORP. v. CITY OF NEW YORK

186 A.D.2d 68 (1992)

In the Matter of 43rd Street Second Avenue Corp., on Behalf of Itself and Others Similarly Situated, Appellant, v. City of New York et al., Respondents

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

September 22, 1992

Petitioner is the owner of a condominium unit which is located at 806-812 Second Avenue, also known as 301-303 East 43rd Street (Lot Number 1001, block 1336 on tax map of the City of New York [hereafter "building"]) in New York County. On October 25, 1984 the building was declared to be eligible for tax benefits to the extent of 75% of its value as provided by RPTL 421-a (2). In essence that section provided for tax exemption for a period of time of new residential units...

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