Hotel Rutledge, Inc. v. Tax Commission

Order, Supreme Court, New York County (Mangan, J.), entered November 19, 1979, which confirmed the assessment on the appellant’s subject real property for each of the five years (1973-1978) under review, reversed, on the law, and the matter remanded for findings of fact, without costs. The central factor relied on in presentation of appellant’s case was the purchase by appellant of the property in May, 1977, approximately five months after the last prior taxable status date. The time of purchase is not, in our view, sufficiently remote from the period reviewed as to be unreliable for purposes…