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TRIBECA LP v. NEW YORK STATE

100191/15

49 Misc.3d 502 (2015)

12 N.Y.S.3d 527

2015 NY Slip Op 25216

In the Matter of TRIBECA EQUITY PARTNERS, L.P., Petitioner, v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL et al., Respondents.

Supreme Court, New York County.

Decided June 24, 2015.

Attorney(s) appearing for the Case

Borah, Goldstein, Altschuler, Nahins & Goidel, P.C., New York City ( David B. Cabrera of counsel), for petitioner.

New York State Division of Housing and Community Renewal, New York City ( Gary Connor of counsel), for New York State Division of Housing and Community Renewal, respondent.

OPINION OF THE COURT

This CPLR article 78 proceeding requires the court to determine whether Real Property Tax Law § 421-a (2) (f) (ii) and related statutes permit high rent/high income deregulation1 of an apartment after the apartment building's section 421-a tax benefits expire...

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