Petitioner in this article 78 proceeding challenges the validity of respondent City Rent and Rehabilitation Administrator's determination which granted building-wide "net annual return" rent increases in accordance with section Y41-5.0 of the City Rent Law. (Administrative Code of City of New York, § Y41-5.0, subd. g., par. [1], cl. [a], subpar. [1], subcl. [i]; Local Laws, 1962, No. 20 of City of New York.) The gravamen...
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