Resolution16-1463
7R5 FINANCE
Dept/ Agency: Finance
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Purpose: Stipulation of Settlements for Tax Appeals
List of Property:
(Tax Payer/Address/Block/Lot/Ward/Assmnt./Year/Refund Amount)
Rosa Luxury Apartments/316-318 Mt Prospect Avenue/558/4/North/2013/$600,000/-$8,873.77
Rosa Luxury Apartments/316-318 Mt Prospect Avenue/558/4/North/2014/$600,000/-$9,318.51
Rosa Luxury Apartments/316-318 Mt Prospect Avenue/558/4/North/2015/$600,000/-$9,943.55
First King Properties LLC/175-199 First Street/1913/2/Central/2013/$27,500,000/-$73,825.00
First King Properties LLC/175-199 First Street/1913/2/Central/2014/$26,000,000/-$124,040.00
First King Properties LLC/175-199 First Street/1913/2/Central/2015/$25,000,000/-$165,450.00
David Rodriguez and Luis Lipstein /303-313 Mt Prospect Avenue/559/10.01/North/2013/$3,488,800/-$66,743.71
David Rodriguez and Luis Lipstein /303-313 Mt Prospect Avenue/559/10.01/North/2014/$3,388,800/$0.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/2009/$1,000,000/-$2,739.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/2010/$1,000,000/-$3,180.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/2011 (F)/$1,000,000/-$3,328.00
Islamic Society of Essex County/20-24 Branford Place/57/161/Central/2012 (F)/$1,000,000/-$3,452.00
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2009/$52,006,500/$0.00
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2010/$46,410,500/-$177,952.80
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2011/$46,410,500/-$186,234.88
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2012/$42,000,000/-$345,424.38
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2013/$58,005,700/$0.00
Centre Market Building LLC /1088-1132 Raymond Boulevard/150/4/East/2014/$55,300,000/-$83,903.76
Jose & Margarita Montenegro/49 Warwick Street/944/33/East/2013/$375,000/-$1,742.27
Jose & Margarita Montenegro/49 Warwick Street/944/33/East/2014(F)/$375,000/-$1,829.59
Jo-Jo Realty Corp/25 Wall Street /2036/27/East/2013/$413,900/-$2,953.00
Jo-Jo Realty Corp/25 Wall Street /2036/27/East/2014/$413,900/-$3,101.00
Jo-Jo Realty Corp/25 Wall Street /2036/27/East/2015/$413,900/-$3,309.00
Jo-Jo Realty Corp/25 Wall Street /2036/27/East/2016(F)/$413,900/-$3,309.00
Harbor Real Estate Management/20-24 Woodside Place /610/41/North/2013/$260,700/$0.00
Harbor Real Estate Management/20-24 Woodside Place /610/41/North/2014/$220,000/-$1,262.11
Harbor Real Estate Management/20-24 Woodside Place /610/41/North/2015/$220,000/-$1,346.76
Harbor Real Estate Management/20-24 Woodside Place /610/41/North/2016(F)/$220,000/-$1,346.76
Jo-Jo Realty Corp/21 Niagara Street/2036/15/East/2013/$275,000/-$3,012.06
Jo-Jo Realty Corp/21 Niagara Street/2036/15/East/2014/$250,000/-$3,938.27
Jo-Jo Realty Corp/21 Niagara Street/2036/15/East/2015/$250,000/-$4,202.43
Jo-Jo Realty Corp/21 Niagara Street/2036/15/East/2016(F)/$250,000/-$4,202.43
Mountain View Lake Investments /796 Mt. Prospect Avenue/813/63/North/2013/$600,000/-$2,950.05
Mountain View Lake Investments /796 Mt. Prospect Avenue/813/63/North/2014/$550,000/-$4,648.40
Mountain View Lake Investments /796 Mt. Prospect Avenue/813/63/North/2015/$550,000/-$4,960.19
Mountain View Lake Investments /796 Mt. Prospect Avenue/813/63/North/2016(F)/$550,000/-$4,960.19
Mulberry Capital, LLC/471-481 Mulberry Street/1189/20/East/2013/$855,000/-$17,960.15
Mulberry Capital, LLC/471-481 Mulberry Street/1189/20/East/2014/$855,000/-$18,860.28
Mulberry Capital, LLC/471-481 Mulberry Street/1189/20/East/2015/$855,000/-$20,125.34
Mulberry Capital, LLC/471-481 Mulberry Street/1189/20/East/2016 (F)/$855,000/-$20,125.34
805 Management LLC/801-807 Broadway /822/1/North/2013/$1,350,800/$0.00
805 Management LLC/801-807 Broadway /822/1/North/2014/$1,280,000/-$2,195.51
805 Management LLC/801-807 Broadway /822/1/North/2015/$1,280,000/-$2,342.77
805 Management LLC/801-807 Broadway /822/1/North/2016/$1,280,000/-$2,342.77
Manuel Abadin & Albert Avenue, LLC/45-63 Euclid Avenue/2406/12/East/2012/$708,900/$0.00
Manuel Abadin & Albert Avenue, LLC/45-63 Euclid Avenue/2406/12/East/2013/$945,000/-$3,726.69
Manuel Abadin & Albert Avenue, LLC/45-63 Euclid Avenue/2406/12/East/2014/$945,000/-$3,913.46
Manuel Abadin & Albert Avenue, LLC/45-63 Euclid Avenue/2406/12/East/2015/$945,000/-$4,175.96
Manuel Abadin & Albert Avenue, LLC/45-63 Euclid Avenue/2406/12/East/2016(F)/$945,000/-$4,175.96
Newark Stamp and Die Works/35-41 Verona Avenue/831/7/North/2013/$520,000/-$2,899.85
Newark Stamp and Die Works/35-41 Verona Avenue/831/7/North/2014/$520,000/-$3,045.18
Newark Stamp and Die Works/35-41 Verona Avenue/831/7/North/2015/$520,000/-$3,249.44
Newark Stamp and Die Works/35-41 Verona Avenue/831/7/North/2016(F)/$520,000/-$3,249.44
Manuel & Maria Abadin & Albert Avenue, LLC/107-121 Albert Avenue/2411/1/East/2012/$360,000/$0.00
Manuel & Maria Abadin & Albert Avenue, LLC/107-121 Albert Avenue/2411/1/East/2013/$685,000/-$3,413.67
Manuel & Maria Abadin & Albert Avenue, LLC/107-121 Albert Avenue/2411/1/East/2014/$685,000/-$3,584.76
Manuel & Maria Abadin & Albert Avenue, LLC/107-121 Albert Avenue/2411/1/East/2015/$685,000/-$3,825.20
Manuel & Maria Abadin & Albert Avenue, LLC/107-121 Albert Avenue/2411/1/East/2016(F)/$685,000/-$3,825.20
Henrique & Beatriz Silva /152 South Street /927/31/East/2012/$200,000/-$1,032.15
Elizabeth Estates, LLC/643-649 Elizabeth Avenue/3676/5/South/2014/$1,000,000/-$3,101.00
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/2009/$400,000/-$4,689.17
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/2010/$400,000/-$5,444.16
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/2011/$400,000/-$5,697.54
41-43 Pacific Associates LLC/41-43 Pacific Street/938/24/East/2012(F)/$400,000/-$5,909.82
Joseph & Julia Huang/107-111 Malvern Street/954/31/East/2013/$500,000/-$2,321.06
Joseph & Julia Huang/107-111 Malvern Street/954/31/East/2014/$475,000/-$3,212.64
Joseph & Julia Huang/107-111 Malvern Street/954/31/East/2015 (F)/$475,000/-$3,428.12
Joseph & Julia Huang/107-111 Malvern Street/954/31/East/2016 (F)/$475,000/-$3,428.12
Wildcat Partners LLC, prior owner to AP Belmont Associate/293 Chestnut Street/955/66/East/2012/$197,400/-$1,035.60
Al Nour LLC/249-251 Oliver Street/956/30/East/2013/$913,700/$0.00
Al Nour LLC/249-251 Oliver Street/956/30/East/2014/$850,000/-$1,975.34
Al Nour LLC/249-251 Oliver Street/956/30/East/2015/$850,000/-$2,107.83
Al Nour LLC/249-251 Oliver Street/956/30/East/2016 (F)/$850,000/-$2,107.83
Helena Oliveira/82 Nichols Street/958/66/East/2013/$390,000/-$1,296.37
Helena Oliveira/82 Nichols Street/958/66/East/2014/$390,000/-$1,361.34
Helena Oliveira/82 Nichols Street/958/66/East/2015/$390,000/-$1,452.65
Helena Oliveira/82 Nichols Street/958/66/East/2016 (F)/$390,000/-$1,452.65
Fernando & Maria DaCruz/70 Napoleon Street/1004/44/East/2012/$153,100/-$2,071.20
S Rodrigues & V Santana/497 Mulberry Street/1190/32.02/East/2011/$350,200/-$1,597.44
S Rodrigues & V Santana/497 Mulberry Street/1190/32.02/East/2012/$350,200/-$1,656.96
Ismeal Gonzalez/142 Emmett Street/1192/30/East/2010/$215,000/-$2,098.80
Ismeal Gonzalez/142 Emmett Street/1192/30/East/2011/$215,000/-$2,196.48
Ismeal Gonzalez/142 Emmett Street/1192/30/East/2012(F)/$215,000/-$2,278.32
3 Gateway Center Properties, LLC/94-110 Mulberry Street/151/122/East/2015/$60,250,000/-$66,180.00
Second Avenue Newark, LLC & 99 101 Second Avenue/99-101 Second Avenue/579.01/35/North/2012/$448,900/-$4,418.56
Second Avenue Newark, LLC & 99 101 Second Avenue/99-101 Second Avenue/579.01/35/North/2013/$600,000/-$7,435.65
Second Avenue Newark, LLC & 99 101 Second Avenue/99-101 Second Avenue/579.01/35/North/2014/$600,000/-$7,808.32
Second Avenue Newark, LLC & 99 101 Second Avenue/99-101 Second Avenue/579.01/35/North/2015/$600,000/-$8,332.06
Second Avenue Newark, LLC & 99 101 Second Avenue/99-101 Second Avenue/579.01/35/North/2016 (F)/$600,000/-$8,332.06
793 Broadway, Inc /793-799 Broadway /772/28/North/2012/$939,900/$0.00
793 Broadway, Inc /793-799 Broadway /772/28/North/2013/$1,345,600/-$12,720.00
793 Broadway, Inc /793-799 Broadway /772/28/North/2014/$1,345,600/-$13,312.00
793 Broadway, Inc /793-799 Broadway /772/28/North/2015/$1,345,600/-$13,808.00
405 No Fifth Street, Inc/405-407 Fifth Street/1950/47/West/2012/$341,400/$0.00
405 No Fifth Street, Inc/405-407 Fifth Street/1950/47/West/2013/$685,000/-$2,356.49
405 No Fifth Street, Inc/405-407 Fifth Street/1950/47/West/2014/$685,000/$0.00
405 No Fifth Street, Inc/405-407 Fifth Street/1950/47/West/2015/$685,000/$0.00
405 No Fifth Street, Inc/409 Fifth Street/1950/49/West/2012/$341,500/$0.00
405 No Fifth Street, Inc/409 Fifth Street/1950/49/West/2013/$685,000/-$2,356.49
405 No Fifth Street, Inc/409 Fifth Street/1950/49/West/2014/$685,000/$0.00
405 No Fifth Street, Inc/409 Fifth Street/1950/49/West/2015/$685,000/$0.00
405 No Fifth Street, Inc/411-413 Fifth Street/1950/51/West/2012/$341,600/$0.00
405 No Fifth Street, Inc/411-413 Fifth Street/1950/51/West/2013/$685,000/-$2,356.49
405 No Fifth Street, Inc/411-413 Fifth Street/1950/51/West/2014/$685,000/$0.00
405 No Fifth Street, Inc/411-413 Fifth Street/1950/51/West/2015/$685,000/$0.00
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2011/$600,000/-$4,709.12
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2012/$600,000/-$4,884.58
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2013/$700,000/-$5,398.08
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2014/$650,000/-$7,219.13
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2015/$650,000/-$7,703.35
Plagro Realty, Inc./44-55 Riverside Avenue R/614/57/North/2016 (F)/$650,000/-$7,703.35
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2009/$4,417,600/-$24,168.94
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2010/$4,417,600/-$28,060.32
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2011/$4,417,600/-$29,366.27
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2012/$4,417,600/-$30,460.45
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2013/$5,742,000 /$0.00
NJ Health Care Employers Pension Fund /1-25 Alling Street/153/1/East/2014/$5,742,000 /$0.00
Randall Rossilli/100-116 Verona Avenue/819/7/North/2012/$725,000/$0.00
Randall Rossilli/100-116 Verona Avenue/819/7/North/2013/$1,000,000/-$9,452.55
Randall Rossilli/100-116 Verona Avenue/819/7/North/2014/$1,000,000/-$9,926.30
Randall Rossilli/100-116 Verona Avenue/819/7/North/2015/$1,000,000/-$10,592.11
Sumo Realty Inc/225-231 NJRR Ave/919/5/East/2010/$173,400/$0.00
Sumo Realty Inc/225-231 NJRR Ave/919/5/East/2011/$173,400/$0.00
Sumo Realty Inc/225-231 NJRR Ave/919/5/East/2012/$173,400/$0.00
Sumo Realty Inc/233-239 NJRR Ave /919/1/East/2010/$375,000/-$5,622.24
Sumo Realty Inc/233-239 NJRR Ave /919/1/East/2011/$375,000/-$5,883.90
Sumo Realty Inc/233-239 NJRR Ave /919/1/East/2012/$350,000/-$6,966.14
Sumo Property Management LLC/32-38 Fenwick Street/3511/26/South/2012/$691,300/$0.00
Sumo Property Management LLC/40-58 Fenwick Street/3511/30/South/2012/$540,200/$0.00
Sumo Property Management LLC/37-47 Legal Street/3511/36/South/2012/$2,595,200/-$6,904.00
BB 254 MP LLC /252-258 Mt Prospect Avenue/532/1/North/2013/$1,855,000/-$8,401.29
BB 254 MP LLC /252-258 Mt Prospect Avenue/532/1/North/2014/$1,855,000/-$2,697.87
Sumo Prime Corp. /101-103 Van Buren Street/1991/24/East/2008/$307,700/-$592.57
Sumo Prime Corp. /101-103 Van Buren Street/1991/24/East/2009(F)/$307,700/-$624.49
Sumo Prime Corp. /101-103 Van Buren Street/1991/24/East/2010(F)/$307,700/-$725.04
Sumo Prime Corp. /41 Van Buren Street/1999/12/East/2008/$187,100/-$1,689.35
Sumo Prime Corp. /41 Van Buren Street/1999/12/East/2009(F)/$187,100/-$1,780.35
Sumo Prime Corp. /41 Van Buren Street/1999/12/East/2010(F)/$187,100/-$2,067.00
BB 260 MP, LLC/260-262 Mt Prospect Avenue/558/30/North/2013/$955,700/-$17,658.94
BB 260 MP, LLC/260-262 Mt Prospect Avenue/558/30/North/2014/$955,700/-$7,352.47
AC Prime Assets, LLC/526-530 South Fourteenth/331/33/West/2013/$360,000/-$2,610.45
AC Prime Assets, LLC/526-530 South Fourteenth/331/33/West/2014/$360,000/-$2,741.28
AC Prime Assets, LLC/526-530 South Fourteenth/331/33/West/2015(F)/$360,000/-$2,925.16
AC Prime Assets, LLC/526-530 South Fourteenth/331/33/West/2016(F)/$360,000/-$2,925.16
Tae Soo Kim/14 Park Street/125/101/Central/2011/$380,000/-$2,196.48
Tae Soo Kim/14 Park Street/125/101/Central/2012/$380,000/-$2,278.32
Tae Soo Kim/14 Park Street/125/101/Central/2013/$425,000/-$800.26
Tae Soo Kim/14 Park Street/125/101/Central/2014/$425,000/-$840.37
W T Apartments LLC/85-147 Prince Street/2501/37/Central/2012/$2,379,600/-$19,345.01
Verizon New Jersey, Inc. d/b/a NJBT Co. /59-69 Bloomfield Avenue/515.01/44/Central/2012/$1,400,000/-$13,808.00
Sasson Realty Co/835 Broad Street/57.04/111/Central/2012/$500,000/-$9,962.47
Albarracin Realty LLC/78-84 Frelinghuysen Avenue/2790/21/South/2013/$750,000/-$10,769.59
Albarracin Realty LLC/78-84 Frelinghuysen Avenue/2790/21/South/2014/$750,000/-$11,309.35
Villa Beradino, Inc. /828-830 Raymond Boulevard/2003.01/15/East/2013/$320,400/-$2,885.08
Villa Beradino, Inc. /828-830 Raymond Boulevard/2003.01/15/East/2014/$320,400/-$3,029.68
Villa Beradino, Inc. /828-830 Raymond Boulevard/2003.01/15/East/2015/$320,400/-$3,232.89
16 Irving Street, LLC/16-20 Irving Street/821/14/North/2013/$1,400,000/-$8,959.40
16 Irving Street, LLC/16-20 Irving Street/821/14/North/2014/$1,000,000/-$21,812.43
Seickel Realty Associates, LLC/348-362 Elizabeth Avenue/3546/43/South/2014/$1,450,600/-$12,242.75
Seickel Realty Associates, LLC/348-362 Elizabeth Avenue/3546/43/South/2015/$1,450,600/-$13,063.93
Lehigh Liberty Associates LLC/94-108 Frelinghuysen Avenue/2780/1/South/2008/$1,435,000/-$6,887.35
Lehigh Liberty Associates LLC/94-108 Frelinghuysen Avenue/2780/1/South/2009/$1,435,000/-$7,258.35
Lehigh Liberty Associates LLC/94-108 Frelinghuysen Avenue/2780/1/South/2010/$1,435,000/-$8,427.00
Lehigh Liberty Associates LLC/94-108 Frelinghuysen Avenue/2780/1/South/2011/$1,435,000/-$8,819.20
Lehigh Liberty Associates LLC/94-108 Frelinghuysen Avenue/2780/1/South/2012/$1,788,300/-$9,147.80
Lehigh Liberty Associates LLC/110-120 Frelinghuysen Avenue/2780/5/South/2008/$324,500/$0.00
Lehigh Liberty Associates LLC/110-120 Frelinghuysen Avenue/2780/5/South/2009/$324,500/$0.00
Lehigh Liberty Associates LLC/110-120 Frelinghuysen Avenue/2780/5/South/2010/$324,500/$0.00
Lehigh Liberty Associates LLC/110-120 Frelinghuysen Avenue/2780/5/South/2011/$324,500/$0.00
*Block 2780 Lot 1 & 5, Merged into Lot 1 in 2011.
104 Market Street RE/104 Market Street/60/23/Central/2011/$300,000/-$3,008.51
104 Market Street RE/104 Market Street/60/23/Central/2012/$300,000/-$3,120.61
104 Market Street RE/104 Market Street/60/23/Central/2013/$456,000/-$8,156.19
104 Market Street RE/104 Market Street/60/23/Central/2014/$456,000/-$8,564.96
104 Market Street RE/104 Market Street/60/23/Central/2015/$456,000/-$9,139.46
Hartz Raymond Boulevard, LP a/k/a Raymond Plaza East Inc. /975-997 Raymond Boulevard/169/39/Unit C6/East/2013/$4,839,200/-$4,394.06
Hartz Raymond Boulevard, LP a/k/a Raymond Plaza East Inc. /975-997 Raymond Boulevard/169/39/Unit C6/East/2014 (F)/$4,839,200/-$4,614.29
Hartz Raymond Boulevard, LP a/k/a Raymond Plaza East Inc. /975-997 Raymond Boulevard/169/39/Unit C6/East/2015 (F)/$4,839,200/-$4,923.79
Bella Realty Co., LLC/439-451 Frelinghuysen Avenue/3542/12/South/2013/$1,262,200/$0.00
Bella Realty Co., LLC/439-451 Frelinghuysen Avenue/3542/12/South/2014/$1,155,000/-$3,324.27
Bella Realty Co., LLC/439-451 Frelinghuysen Avenue/3542/12/South/2015/$1,100,000/-$5,367.20
Bella Realty Co., LLC/429-433 Frelinghuysen Avenue/3542/8/South/2014/$600,000/-$22,525.66
Bella Realty Co., LLC/429-433 Frelinghuysen Avenue/3542/8/South/2015/$600,000/-$24,036.58
Additional Information:
Total Tax Difference: -$2,194,952.09
Invitation: Corporation Counsel, October 18, 2016
Introduced Sep 15, 2016· Finance