MATTER OF MERCEDES CORP. v. WEAVER


3 Misc.2d 1012 (1956)

In the Matter of Mercedes Realty Corp., Petitioner, v. Robert C. Weaver, as State Rent Administrator, Respondent.

Supreme Court, Special Term, New York County.

May 2, 1956.


Attorney(s) appearing for the Case

McLaughlin & Fougner for petitioner.

Nathan Heller and Emory Gardiner for respondent.

Eugene J. Morris and Matthew J. Domber for intervenor-respondent.


WILLIAM C. HECHT, JR., J.

Petitioner, owner of premises at 1160 Park Avenue, purchased for $1,035,000 on April 30, 1952, applied for a rent increase. Prior increases of the maximum rent had been granted to the previous owner in 1951, and to petitioner in May, 1955. The valuation figure employed by the Administrator in connection with the May increase was $1,035,000, the price paid for the property. The subsequent...

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