Appellant is the owner and landlord of an 18-building complex in Rego Park, Borough of Queens, containing 541 rent-controlled apartments. On November 9, 1962, the landlord filed an application with the District Rent Office for an increase in the maximum rent of the apartments pursuant to the "net annual return" provisions of the City Rent and Rehabilitation Law. Section Y51-5.0 of the city rent law (New...
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