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FIRST REAL ESTATE INV. TRUST v. HASBROUCK HEIGHTS

190 N.J. Super. 85 (1983)

461 A.2d 1210

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, PLAINTIFF-RESPONDENT, v. BOROUGH OF HASBROUCK HEIGHTS, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided June 21, 1983.

Attorney(s) appearing for the Case

Howard T. Rosen argued the cause for appellant (Rosen, Gelman & Weiss, attorneys; Ralph W. Chandless, on the initial brief; Howard T. Rosen, of counsel, and William J. Balcerski, on the supplemental letter brief).

Nicholas W. Mulick argued the cause for respondent (Klein, Chapman, Chester, DiIanni, Greenburg, Henkoff & Siegel, attorneys; Nicholas W. Mulick on the brief).

Before Judges MILMED, MORTON I. GREENBERG and FURMAN.

The opinion of the court was delivered by MILMED, P.J.A.D.

The Borough of Hasbrouck Heights (Borough) appeals from a judgment of the Tax Court concerning the local property assessment for the year 1976 on certain real property of respondent First Real Estate Investment Trust of New Jersey.

The property, situated at 160 Terrace Avenue in Hasbrouck Heights, consists of a plot of land approximately 78 feet by 229 feet, improved with a three-story brick apartment...

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