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MATTER OF 1455 REALTY CO. v. BERMAN

21 N.Y.2d 675 (1967)

In the Matter of 1455 Realty Co. et al., Appellants, v. Frederic S. Berman (Hortense W. Gabel), as City and Rehabilitation Administrator, Respondent, and Tenants' Committee, Intervenor-Respondent.

Court of Appeals of the State of New York.

Decided December 28, 1967.

Attorney(s) appearing for the Case

Albert W. Fribourg and Irving Weissman for appellants.

Harry Michelson and Maurice A. Reichman for respondent.

Leon Dicker for intervenor-respondent.

Robert S. Fougner for Metropolitan Fair Rent Committee, Inc., amicus curiae.

Chief Judge FULD and Judges VAN VOORHIS, BURKE, SCILEPPI, BERGAN, KEATING and BREITEL concur.

MEMORANDUM.

The two parcels involved in this proceeding, located on opposite sides of the same street in Brooklyn, were bought together for $820,000 by separate partnerships which were composed of the same persons. To each of the two parcels a portion of the total purchase price was allocated by appellants following in close ratio the respective assessments, rent rolls, prior sales, total mortgages and number of apartments...

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