Sharwill Gardens, Inc. v. Calistri

Appeal from an order of the Supreme Court which, in a proceeding under article 7 of the Real Property Tax Law, reduced certain assessments. The order adopted the findings of a Referee who rendered an especially careful, complete and well-reasoned report which we approve and find fully supported by preponderant evidence. The subjects of the proceedings are two garden-type apartment projects, Aurora Heights, Inc., and Sharwill Gardens, Inc. The Referee found that no market existed for properties of this nature — and this appellants concede — and thereupon gave consideration to and computed both…