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MATTER OF RIVERSIDE EQUITIES LLC v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL

292 A.D.2d 313 (2002)

740 N.Y.S.2d 21

In the Matter of RIVERSIDE EQUITIES LLC, Appellant, v. NEW YORK STATE DIVISION OF HOUSING AND COMMUNITY RENEWAL, Respondent.

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

Decided March 28, 2002.

The Rent Stabilization Code provides for adjustment to legal regulated rent on the basis of major capital improvements which are building-wide in nature (Matter of Garden Bay Manor Assoc. v New York State Div. of Hous. & Community Renewal, 150 A.D.2d 378) and inure to the benefit of all tenants in the building (9 NYCRR 2522.4 [a] [2] [i] [c]). An MCI increase will not be granted if...

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