Legal Opinion
Fazkap Associates v. Commissioner of New York State Department of Taxation & Finance
Appellate Division of the Supreme Court of the State of New York
Decided October 17, 1996PublishedCited by 4 opinions
1Opinion of the CourtMercure, J.
Proceeding pursuant to CPLR article 78 (initiated in this Court pursuant to Tax Law § 2016) to review a determination of respondent Tax Appeals Tribunal which sustained a real property transfer gains tax assessment imposed under Tax Law article 31-B.
On December 31, 1986, petitioner conveyed title to real property in New York City to Irving Place Realty Corporation (hereinafter the transferee). The consideration for the transfer consisted of the transferee’s assumption of a $198,780 first mortgage and execution of a $4,200,000 note and mortgage to petitioner, under the terms of which the…
2Cases cited10 opinions
- R & G Outfitters, Inc. v. BouchardAppellate Division of the Supreme Court of the State of New York · 1984
- Top Tile Building Supply Corp. v. New York State Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1983
- American Communications Technology, Inc. v. State of New York Tax Appeal TribunalAppellate Division of the Supreme Court of the State of New York · 1993
- Cheltoncort Co. v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1992
- Reinach v. WisehartNew York Court of Appeals · 1995
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3Cited by4 opinions
- Rapoport v. KoenigAppellate Division of the Supreme Court of the State of New York · 1997
- Estate of Brockman v. Tax Appeals TribunalAppellate Division of the Supreme Court of the State of New York · 1997
- Vinter v. Commissioner of Taxation & FinanceAppellate Division of the Supreme Court of the State of New York · 2003
- Matter of Vignone (Peregrine Enters., Inc.--Commissioner of Labor)Appellate Division of the Supreme Court of the State of New York · 2020