Opinion
Decided November 7, 1985
DETERMINATION CONFIRMED
Decided November 7, 1985
DETERMINATION CONFIRMED
Full title:KIPS BAY TOWERS ASSOC. v. MICHAEL
Court:Appellate Division of the Supreme Court of New York, First Department
Date published: Nov 7, 1985
Thus, while a continuing mortgage or other encumbrance would be deductible, an encumbrance placed on the…