People ex rel. Bremerton Apartments, Inc. v. Mills

The reductions of the assessments directed by the trial court for the tax year under review, to wit, 1943-1944, which bring the valuations for land and buildings appreciably below the figures approved by this court for the preceding tax year, 1942-1943 (People ex rel. Lochiel Apartments v. Miller, 268 App. Div. 983), are not warranted by the evidence in this record. Except for a reasonable allowance for one year’s depreciation upon the buildings, the valuations heretofore approved by this court should have been adhered to in the absence of a showing that the conditions were less favorable. Accordingly, I dissent and vote to modify by fixing the values as follows:

Premises 229 East 79th Street

Land Building Total

$130,000 $539,000 $669,000

Premises 225 East 79th Street

Land. Building Total

$62,500 $294,000' $356,500

Dore, Callahan and Peck, JJ., concur in Per Curiam opinion; Cohn, J., dissents in opinion in which Martin, P. J., concurs.

Orders modified by increasing the assessed values of the properties involved herein as follows:

Premises 229 East 79th Street

Land Building Total

$130,000 $500,000 $630,000

Premises 225 East 79th Street

Land Building Total

$62,500 $285,000 $347,500

As so modified, the orders are affirmed, each with $10 costs and disbursements to the appellants. Settle orders on notice.

Under all the circumstances we hold that the orders appealed from should be modified by increasing the assessed values of the properties involved herein, as follows:

*988 Premises 229 East 79th Street

Land Building Total

$130,000 $500,000 $630,000

Premises 225 East 79th Street

Land Building Total

$62,500 $285,000 $347,500

As so modified the orders appealed from should be affirmed, each with $10 costs and disbursements to the appellants.