MATTER OF REALTY AGENCY, INC. v. WEAVER


8 A.D.2d 773 (1959)

In the Matter of Realty Agency, Inc., Appellant, v. Robert C. Weaver, as State Rent Administrator, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

June 2, 1959


Order affirmed.

M. M. FRANK, J. (dissenting).

The Administrator rejected the sales price of the property involved and adopted the assessed valuation as the base for his computations in an application for a rent increase under the 6% statutory formula. Although the petitioner acquired the property in question, including a small adjoining structure as a "light protector", for the sum of $1,222,000, the Administrator...

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