Legal Opinion
470 Newport Associates v. Tax Appeals Tribunal
Appellate Division of the Supreme Court of the State of New York
Decided May 25, 1995PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
White, J.
Petitioner, a limited partnership, acquired an apartment building located in the Village of Harrison, Westchester County, on September 15, 1976 for $5,750,000. On November 10, 1982, it sold the building to a cooperative housing corporation (hereinafter the CHC) for $15,773,302.20. A part of this consideration consisted of 140,030 unsold shares of the CHC valued at $6,935,162.57. Between March 28, 1983, the effective date of Tax Law article 31-B, and September 26, 1986, petitioner sold 45,695 shares1 to various individuals who became tenant/shareholders of the CHC.…
2Cases cited6 opinions
- Nordlinger v. HahnSupreme Court of the United States · 1992
- Consolation Nursing Home, Inc. v. Commissioner of New York State Department of HealthNew York Court of Appeals · 1995
- 1230 Park Associates v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 1991
- LT & B Realty Corp. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1988
- Mayblum v. ChuNew York Court of Appeals · 1986
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Terminello v. Village of PiermontAppellate Division of the Supreme Court of the State of New York · 2012
- CBS Corp. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2008
- Haubeck Realty Corp. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 2001