Koenig v. Herman

This is an application pursuant to article 78 of the Civil Practice Act to review a determination of the State Bent Administrator. The decision affects the rents of all apartments in the premises 419 East 57th Street, Manhattan. Petitioners are tenants of subject premises.

In 1957 subject building was sold to respondent-intervenor’s principal. Thereafter, the owners made application for a rent increase, pursuant to paragraph a of subdivision 5 of section 33 of the State Eent and Eviction Regulations of the Temporary State Housing Rent Commission, which provides for a 6% net annual return. In…