Various Tenants of 29 Woodmere Boulevard v. Temporary State Housing Rent Commission

Application for an order pursuant to article 78 of the Civil Practice Act reviewing and annulling a determination of the respondent, Temporary State Housing Bent Commission.

The petitioners are tenants of an apartment house located at 29 Woodmere Boulevard, Woodmere, New York. Their landlord’s agent, the Investors Funding Corporation of New York, applied for an increase in the maximum rent under subdivision 5 of section 33 of the State Bent and Eviction Begulations — the 6% net annual return formula. Following proceedings before the local rent administrator an increase of 15% in the maximum…