Dunn Garden Apartments, Inc. v. Commissioner of Assessment & Taxation of Troy

Appeal from an order of the Supreme Court at Special Term, which, in conformity with the report of a Referee, reduced from $1,500,000 to $621,500 for each of the years 1957, 1958 and 1959, the assessment of an apartment house property in the city of Troy. The improvement, upon a site upwards of 11 acres in area, comprises 12 separate multi-unit apartment buildings with residence accommodations for 191 families, 4 multi-unit garage buildings with stalls for the storage of 64 automobiles and a garbage utility building. The construction of the project was commenced in 1950 and completed in 1953,…