De Minicis v. 148 East 83rd Street, Inc.

In 1954 the premises at 148 Bast 83rd Street in Manhattan consisted of a walk-up tenement, five stories high, containing 10 six-room apartments occupied by statutory tenants paying fixed maximum rents ranging from monthly sums of $57.50 to $72.45. In that year the defendant, Carsen, purchased the premises for $40,000 and placed title in 148 Bast ¿3rd Street, Inc. (herein “ 148 Bast ”). This corporation had been organized by Carsen and all of its 10 authorized shares were issued to him. Thereafter Carsen devised a plan (in complete disregard of the State Emergency Housing Bent Control Bent Law…