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MATTER OF GREENBERG v. HERMAN

29 Misc.2d 787 (1961)

In the Matter of Edna Greenberg et al., Copartners Doing Business under the Name of 15 Crown Realty Co., Petitioners, v. Robert E. Herman, as State Rent Administrator, Respondent.

Supreme Court, Special Term, Kings County.

January 18, 1961

Attorney(s) appearing for the Case

Leon Liner for petitioner. Harold Zucker for respondent.

JACOB J. SCHWARTZWALD, J.

This is a proceeding to review the determination of respondent denying an application for an increase in the maximum rents.

Petitioners filed an application for an increase in rents under section 33 (subd. 5, par. a) of the State Rent and Eviction Regulations. This section permits such an application where the net rental income from the property yields a net annual return of less than 6% of the valuation of the property...

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