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962 RIVER AVE. v. TP. OF LAKEWOOD

Docket No. 004744-2013.

30 N.J. Tax 291 (2017)

RE: 962 RIVER AVENUE, LLC v. TOWNSHIP OF LAKEWOOD.

Tax Court of New Jersey.

November 8, 2017.

Attorney(s) appearing for the Case

Salvatore Alfieri, Esq. , Cleary, Giacobbe, Alfieri, Jacobs, LLC, Lakeview Professional Building, 5 Ravine Drive, Matawan, New Jersey 07747

Eileen W. Toll, Esq. , Schneck Law Group, LLC, 301 Livingston Avenue, Suite 105, Livingston, New Jersey 07039

Dear Counsel:

This letter constitutes the court's opinion after trial in the above-referenced matter challenging an assessment on real property for tax year 2013. The central question before the court is which of two approaches to value — the income capitalization approach, or the cost approach ...

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