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IN THE MATTER OF MYRON HUNT/SHAKER LOUDON ASSOCIATES v. BOARD OF ASSESSMENT REVIEW FOR THE TOWN OF COLONIE

6 A.D.3d 953 (2004)

775 N.Y.S.2d 198

In the Matter of MYRON HUNT/SHAKER LOUDON ASSOCIATES, Respondent, v. BOARD OF ASSESSMENT REVIEW FOR THE TOWN OF COLONIE et al., Appellants. (And Three Other Related Proceedings.)

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

April 22, 2004.

Lahtinen, J.

Petitioner owns a shopping center with 129,164 square feet of rental space located on three parcels totaling 9.7 acres in the Town of Colonie, Albany County. In 2000, the property was assessed at a value of $6,640,100. At that time, the shopping center housed seven tenants and had 5,175 square feet vacant. Petitioner commenced these proceedings contending that the value of the property was $4,900,000. Following a bench trial that included submission of...

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