Presidential Plaza Corp. v. Srogi

— Judgment and order unanimously affirmed, without costs. Memorandum: These are appeals from orders and judgments reducing assessments on properties known as 507-17 S. Townsend Street and 600 Genesee Street, Syracuse, New York. The city contends (1) that the evidence does not support the land values found and (2) that there was no proper foundation for use of the State equalization rate to establish the ratio of assessed valuation to full value. Both parties object to the valuation of the improvements. In determining land value the court relied upon a 1970 sale, used by the appraisers of both…