Kaufman v. Shorris

In this CPLR article 78 proceeding, transferred to this court by order of the Supreme Court, New York County (Irma Vidal Santaella, J.), entered September 13, 1989, the respondent’s determination, dated April 20, 1989, which assessed a real property transfer tax deficiency in the amount of $416,148 including interest, is unanimously confirmed, the petition denied and the proceeding dismissed, without costs.

Petitioner transferred his 50% leasehold interest as a tenant in common of real property located at 77 Water Street to 77 Water Street Associates, a newly formed partnership, in exchange…