Who owns Columbia Island LLC and how did they get their taxes reduced ?

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and why aren't they paying fair market value tax rate? And how were repairs done to the building and Seawall without permits?

The Island off David's Island was purchased in 2005 for 1.3 million, however, it is only being taxed at a rate of $187,000. Which is lower than last I looked 2 months ago, so they must have been approved for a tax reduction.

Work has been performed on the structure for 3 years. Sometimes up to 10 workers a day were on the site. a comparison of photos from 5 years ago and today show many improvements. So how is it that a property bought for 1.3 million and improved upon would get such a great tax break? Who is Columbia Island LLC? And why is the owner/owners hiding behind this corporation? Does anyone know who the real owners of this property are?

UPDATE: A reader adds...

NYS Corporate Database Lookup
for Columbia Island LLC:
http://bit.ly/oJdIpa

NYS Department of State
Division of Corporations
Entity Information
The information contained in this database is current through October 18, 2011.

Selected Entity Name: COLUMBIA ISLAND LLC
Selected Entity Status Information
Current Entity Name: COLUMBIA ISLAND LLC
Initial DOS Filing Date: AUGUST 17, 2005
County: WESTCHESTER
Jurisdiction: NEW YORK
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
Current Entity Status: ACTIVE

Selected Entity Address Information
DOS Process (Address to which DOS will mail process if accepted on behalf of the entity)
KLEIN & LISS, LLP
470 PARK AVENUE SOUTH
NEW YORK, NEW YORK, 10016
Registered Agent
NONE

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