Petitioners Gerald Katz et al. purchased the five-story brownstone walkup herein in 1959, at which time it was a class B rooming house with the first two floors used commercially. Petitioners renovated the building, removing virtually all of the residential-type fixtures and amenities, and converted the premises to strictly commercial use, and thereafter leased office space to commercial concerns. In 1967, petitioners net leased the building. In June 1982, the prior...
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