The petitioner owns a complex of 424 garden apartments containing 41 garage spaces assigned to tenants from a waiting list. When the maximum base rent system (MBR) of rent control became effective, under section Y51-5.0 (subd a, par [3], as added by Local Laws, 1970, No 30 of City of NY) of the Administrative Code of the City of New York and section 24 of the New York City Rent, Eviction and Rehabilitation Regulations, the MBR orders on the 424 apartments were based on an...
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