Opinion
January 26, 1945.
Appeal from Supreme Court, New York County.
The appeal is from so much of said order as limits the reduction of the assessments on relator's real property at 361-375 Park Avenue, in the city of New York, to the sums of $3,330,000 for the year 1941-42 and $3,235,000 for the year 1942-43, and fails further to reduce the assessments as demanded by relator.
In a consolidated tax certiorari proceeding involving assessments on a number of parcels of real estate for the years 1941-42 and 1942-43, relator appeals from so much of the final order entered as relates to only one of the parcels, viz., the real property known as 361-375 Park Avenue, Lot No. 1, Block 1307. Relator contends that the trial court's reductions on both the land and building are inadequate.
The trial court granted substantial reductions from the assessed valuation on the land totalling $360,000 in the years involved. After reviewing the evidence and considering all relevant factors, we think the court's valuation of the land should be sustained but that further reductions should have been granted on the building and we find the proper values to be as follows:
Year Land Building Total
1941-42 $2,060,000 $1,030,000 $3,090,000 1942-43 2,000,000 1,020,000 3,020,000 The order so far as appealed from should be modified accordingly and as so modified affirmed, with twenty dollars costs and disbursements to appellant.Martin, P.J., Townley, Glennon, Untermyer and Dore, JJ., concur.
Order so far as appealed from, unanimously modified in accordance with opinion, and as so modified affirmed, with twenty dollars costs and disbursements to the relator-appellant. Settle order on notice.