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MTR. OF COSMOPOLITAN ASSOC. v. HERMAN

27 Misc.2d 663 (1960)

In the Matter of Cosmopolitan Associates, Petitioner, v. Robert E. Herman, as State Rent Administrator, Respondent.

Supreme Court, Special Term, Queens County.

September 16, 1960

Attorney(s) appearing for the Case

Nathan Heller for petitioner. Harold Zucker and Jacob B. Ward for respondent.

CHARLES MARGETT, J.

Application for an order reviewing the determination of the State Rent Administrator.

Petitioners are the owners of three large apartment projects in Astoria, Sunnyside and Woodside. Together they comprise 54 buildings containing 2,125 apartments and 9 stores. Petitioners sought rent increases on the ground that the net annual income yielded a return of less than 6% of the valuation...

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