MATTER OF SULTAN v. HERMAN


17 A.D.2d 781 (1962)

In the Matter of William Sultan, Individually and as Chairman of The Committee of Tenants of Premises 140 Riverside Drive, City of New York, Appellant, v. Robert E. Herman, as State Rent Administrator, Respondent, and Normandy Associates, Intervenor-Respondent

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

October 9, 1962


Order, entered on April 6, 1962, unanimously reversed on the law, without costs to either party, the determination annulled, and the proceeding remanded.

We find no error in the acceptance of the sale price as a basis for computation under the 6% net annual return formula. The record indicates that essential services were being maintained in many of the apartments. We have no reason to reach a contrary finding. However, many of the orders granting individual rental...

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