Legal Opinion
MATTER OF 200 E. 64TH ST. CORP. v. Manley
New York Court of Appeals
Decided July 2, 1975PublishedCited by 7 opinions
1Opinion of the Court
Memorandum. We agree with the reasoning of Mr. Justice Staley in his dissenting opinion at the Appellate Division that the construction mortgage was extinguished through merger when it was acquired by John Hancock Mutual Life Insurance Company, the then owner of the leasehold. As the consolidation agreement does not qualify as a supplemental mortgage under section 255 of the Tax Law, for the reasons therein stated, a recording tax was subsequently due and owing upon the filing of said agreement (Tax Law, § 250).
We disagree, however, with the determination that the appraisal value of the…
2Cited by7 opinions
- First National Bank & Trust Co. v. Hyman Novick Realty Corp.Appellate Division of the Supreme Court of the State of New York · 1979
- Arch Assets, Inc. v. AL & LP Realty Co.Appellate Division of the Supreme Court of the State of New York · 1996
- Citibank, N. A. v. State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1983
- City of New York v. TullyAppellate Division of the Supreme Court of the State of New York · 1980
- Rednow Realty Corp. v. TullyAppellate Division of the Supreme Court of the State of New York · 1979
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