Double R Enterprises v. City of East Orange

CRABTREE, J.T.C.

This is a local property tax case involving the valuation of yet another failed condominium. Cf. Bloomfield Assocs. v. Bloomfield, 12 N.J.Tax 501 (Tax 1992). The Bloomfield case involved a tax appeal by the condominium sponsor, while the present case *56involves an appeal by an investor who made a bulk purchase of units from the sponsor.

More specifically, the cases before the court arise from Essex County Board of Taxation affirmances of the 1990 assessments on 20 condominium units in the condominium known as Prospect Towers, located at 275 Prospect Street, East Orange, New…