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962 RIVER AVE. v. TP. OF LAKEWOOD

Docket No. 004744-2013.

30 N.J. Tax 291 (2017)

RE: 962 RIVER AVENUE, LLC v. TOWNSHIP OF LAKEWOOD.

Tax Court of New Jersey.

November 8, 2017.

Attorney(s) appearing for the Case

Salvatore Alfieri, Esq., Cleary, Giacobbe, Alfieri, Jacobs, LLC, Lakeview Professional Building, 5 Ravine Drive, Matawan, New Jersey 07747

Eileen W. Toll, Esq., Schneck Law Group, LLC, 301 Livingston Avenue, Suite 105, Livingston, New Jersey 07039

Dear Counsel:

This letter constitutes the court's opinion after trial in the above-referenced matter challenging an assessment on real property for tax year 2013. The central question before the court is which of two approaches to value — the income capitalization approach, or the cost approach ...

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