666 Fifth Avenue Corp. v. Tax Commission

Final order, entered on April 22, 1960, reducing assessments for the tax years 1957-1958, 1958-1959, 1959-1960, unanimously reversed, on the law and on the facts, and assessments for said years in the amounts of $8,000,000, $32,000,000 and $32,500,000, respectively, reinstated, with $20 costs and disbursements to respondent-respondent-appellant. There is ample evidence in the record to show that land values were higher than in the period previously reviewed in Matter of 666 Fifth Corp. v. Tax Comm. of City of New York (5 A D 2d 988, affd. 5 N Y 2d 1013). Further, the trial court found the…