Willowbrook Associates, Inc. v. Finance Administrator

In a consolidated proceeding to review certain real property tax assessments for the tax years 1972/1973 through 1975/1976, petitioners appeal from a judgment of the Supreme Court, Richmond County, dated August 16, 1977, which, inter alia, confirmed the assessments for the years under review. Judgment reversed, on the law and the facts, with costs, and it is directed that petitioners have judgment reducing the subject assessments for each of the years in question to a total of $1,300,000 (land: $220,000; building: $1,080,000). The subject property is improved with eight garden-type apartment…