Cannon Point North, Inc. v. Tax Commission

Final order appealed from entered on or about May 11, 1965, unanimously reversed, on the law and the facts, the petitions dismissed and the assessments reinstated, with $50 costs and disbursements to the appellant. These are consolidated proceedings to reduce the real estate tax assessments for the years 1961-62 through 1964-65, on premises 25 Sutton Place South, a new, luxury-type co-operative apartment house known as Cannon Point North. The petitioner failed in its burden of establishing by clear and convincing proof that the assessments were, erroneous, while the respondent-appellant on…