Lincoln West Partners, L.P. v. Department of Housing Preservation & Development

*272OPINION OF THE COURT

Charles J. Tejada, J.

On or about September 26, 1996, Lincoln West Partners, L.P., the Board of Managers of the Grand Millennium Condominium and Michael Bebón (hereinafter petitioners) submitted an application to the Department of Housing Preservation and Development of the City of New York (hereinafter respondent or HPD) for partial tax exemption, pursuant to section 421-a of the Real Property Tax Law (RPTL) which states in pertinent part that: “To be eligible for exemption under this section such construction shall take place on land which, thirty-six months prior to the…