Sullivan & Cromwell Faces Fight Over Tax Bill for Wall Street HQ

Sullivan & Cromwell is going to the mat over a $3.9 million property tax bill for the Wall Street building where it has its headquarters.

The law firm better known for closing some of corporate America’s biggest transactions is also the landlord at 125 Broad Street, a 42-story downtown New York office tower that it has owned in part since 1994 and nearly in total since 2016.

The firm filed a complaint in New York State Supreme Court Oct. 2 arguing that more than 20 of the building’s units should be assessed at about 40% of the value that New ...