Order entered on August 19, 1964 and judgment entered thereon, unanimously reversed on the law, with $50 costs, to appellant, the determination of the City Rent and Rehabilitation Administrator annulled and the matter remanded to the Administrator for reconsideration.
The Administrator's rejection of the purchase price of the second sale as a valuation basis, for the sole reason that it represented a quick turnover, was an arbitrary one (Matter of Maflo Holding...
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