Metropolitan Life Insurance v. New York State Division of Housing & Community

Judgment, Supreme Court, New York County (Salvador Collazo, J.), entered May 17, 1995, which, insofar as appealed from, denied petitioner’s application pursuant to CPLR article 78 to annul respondent’s determination denying its applications for major capital improvement (MCI) rent increases, unanimously affirmed, without costs.

Respondent’s interpretation of Rent Stabilization Code (9 NYCRR) § 2522.4 (a) (8) to mean that an owner must file a MCI rent increase application within two years of the physical completion of the MCI work is rational, and should be upheld (see, Matter of Parcel 242…