Park South Building Corp. v. Herman

In this third article 78 proceeding, petitioner -seeks review of the refusal of the Rent Administrator *528to treat the three buildings here involved as a single unit for the purposes of obtaining increases under the statutory 6% net return formula. Permission has been granted to the Metropolitan Fair Bent Committee to file a brief as amicus curia. (State Residential Rent Law, § 4, sub. a, par. 1; L. 1946, eh. 274, as amd.)

The three buildings were purchased at a single purchase price without allocation of cost to each building. The purchase price was $1,200,000 including $350,000 cash, subject to…