MATTER OF SARBET ASSOCS. v. HERMAN


16 A.D.2d 804 (1962)

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

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

May 14, 1962


Order affirmed, without costs.

In our opinion, the State Rent Administrator properly refused to accept the purchase price as the basis for determining eligibility for an increase on the ground that the transaction was not normally financed. The criteria adopted by him for determining whether a sale was on normal financing terms or was abnormally financed so as to result in an inflated sales price, have been given legislative recognition by the Legislature's recent...

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