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GRAVANTE v. GENNARO LOMBARDI CORP.

228 A.D.2d 231 (1996)

643 N.Y.S.2d 113

Nicholas A. Gravante, P. C., Employee Pension Fund, Appellant, v. Gennaro Lombardi Corp. et al., Respondents

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

June 11, 1996

The IAS Court properly interpreted and applied Rent Stabilization Code (9 NYCRR) § 2526.1 (f) (1), which provides that a purchaser at a judicial sale is exempt from liability for overcharges of previous owners if, inter alia, "no records sufficient to establish the legal regulated rent were provided at a judicial sale". In light of the court's broad discretion in presiding over foreclosure proceedings (see, e.g....

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