In February 1984, petitioners purchased a small, 200-year-old, Federal-style townhouse in Greenwich Village for the express purpose of converting it back to its original use as a one-family residence and occupying it with their son and daughter, aged seven and two. The house had earlier been subdivided into as many as seven rent-controlled units of one to two rooms each.
Shortly after their purchase, petitioners applied, pursuant to then section 55 of the New York...
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