Petitioners, husband and wife and their corporation, filed an application for a major capital improvement (MCI) rent increase on July 3, 1987 on their premises, a five-story apartment building with 44 units located on Valentine Avenue in the Bronx. In their application petitioners claimed that they had installed new windows, a boiler and a burner and submitted contract proposals from three vendors, with an estimated total cost of $84,740. On July 31, 1987 the application...
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