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MATTER OF BRADCORD ASSOCS. v. CONCILIATION & APPEALS BD. OF THE CITY OF NEW YORK

52 A.D.2d 569 (1976)

In the Matter of Bradcord Associates, Respondent, v. Conciliation and Appeals Board of the City of New York et al., Appellants In the Matter of 70 Park Terrace East Co., Respondent, v. Conciliation and Appeals Board of the City of New York et al., Appellants

Appellate Division of the Supreme Court of the State of New York, First Department.

April 29, 1976

We affirm each of the above appeals for the reasons stated in the opinions of Justice Tyler. We have noted the contention of appellant conciliation and appeals board that under present financial circumstances it is unable to meet the obligation imposed by law, in establishing "adjusted initial legal rents", to give consideration to "rents generally prevailing in the same area for substantially similar housing accommodations...

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