Riverside Equities LLC v. New York State Division of Housing & Community Renewal

Judgment, Supreme Court, New York County (Emily Goodman, J.), entered October 4, 2000, which denied the petition to review an administrative denial of an application for a major capital improvement (MCI) rent increase and dismissed this proceeding, unanimously reversed, on the law, without costs, the petition granted, and the application approved with respect to MCI credit for (1) the full cost of repiping the building and (2) the sum of $6,088 paid by petitioner as part of the cost of installing a new oil burner.

The Rent Stabilization Code provides for adjustment to legal regulated rent on…