126 Front Street Realty Co. v. New York City Loft Board

In a proceeding pursuant to CPLR article 78 to review a determination of the New York City Loft Board (hereinafter the Loft Board), dated November 19, 1984, which granted a tenant’s application for the downward adjustment of the rent of a residential loft in an interim multiple dwelling owned by the petitioner, the Loft Board and the City of New York appeal from a judgment of the Supreme Court, Kings County (Lodato, J.), dated August 28, 1985, which annulled the Loft Board’s determination and directed the Board to issue annual rent guidelines applicable to interim multiple dwellings as…