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Dunn Garden Assessment Cut By $878,000
A state court referee reduced the 1957 assessed value of Dunn Garden Apartments at 275 Hoosick Street, Troy, from $1,500,000 to $600,000 plus land, for a three year period totaling a $2,825,200 reduction. The report credits capitalizing net income and a 6 percent return, notes conflicting expert opinions, and cites prior reductions and a $750 penalty potential. The case involves city officials, the Teachers Retirement System mortgage, and the Clinton County referee Kennedy, with hearings spanning 1957 to 1959.
MENTIONED IN THIS ARTICLE
Livingston S. Jones
Dunn Garden Apartments, Inc
Troy
Republic Steel Corp
Supreme Court
Harry 0. Lee
Wilfred A. LeForeshar
Dean Garden Apartments
Thomas T Kennedy
Hudson
Columbia County
Roscoe Vo Elsworth
Kenneth
MacAffer
Easl
Willam Deckerman
Judson
Kennedy
Teserve Kennedy
Edward A. Pitzgerald
William E. Dunn
Fitzgerald
James Colgate Jerome
Bennington
John T. Norton
Hoosick Falls
Lee & Lee Orestier
Fillmore Farms
Colgate
Turner & Turner
Dun Garden Apartments
Lee & LaQorestier
Alexander Sheramete
Cohoes
Dunn Garden Apartments
Joseph
Dunn
Jerome and
Norton
National Commercial
Lorationsl. Bank &Trust Co
Albany
FHA