New York Court of Appeals
In the Matter of Great Atlantic & Pacific Tea Company, Inc., Appellant v. Thomas J. Kiernan, as Assessor of the…
July 5, 197742 N.Y.2d 236
Summary
The Court reversed the Appellate Division and reinstated the trial court's market‑value assessment, holding that the plant is not a specialty and that out‑of‑state comparable sales are admissible where a regional market exists.