Freeport Hall Associates v. Herman

In this proceeding, under article 78 of the Civil Practice Act, the landlord seeks an order reviewing and annulling a determination of the State Bent Administrator which denied its application for a building-wide rent increase pursuant to subdivision 5 of section 33 of the State Bent and Eviction Begulations.

*794The petitioner is the owner of a 55-unit housing accommodation in Freeport, New York, and on January 22, 1962, applied to the local rent office in Hempstead for an adjustment in the maximum rent for the entire building on the ground its property was not yielding a net annual return of 6%…