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MATTER OF PAYSON v. CAPUTA

17 Misc.2d 815 (1959)

In the Matter of Henry Payson et al., Petitioners, v. Joseph J. Caputa, as State Rent Administrator, Respondent.

Supreme Court, Special Term, New York County.

May 11, 1959.

Attorney(s) appearing for the Case

M. S. & I. S. Isaacs (Lewis M. Isaacs, Jr., of counsel), for petitioners.

Nathan Heller and Harold Zucker for respondent.

SAMUEL M. GOLD, J.

This is a proceeding to review an order of the State Rent Administrator, which denied petitioners' application to increase the maximum legal rents so as to yield a return of 6% per annum on the price paid for the property by petitioner Payson. The property is concededly yielding at least 6% per annum on its assessed valuation. The question presented for determination in this proceeding is...

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