Legal Opinion
City of New York v. New York State Division of Housing & Community Renewal
New York Court of Appeals
Decided December 20, 2001PublishedCited by 10 opinions
1Opinion of the Court
*219OPINION OF THE COURT
Chief Judge Kaye.
The formula for the maximum base rent (MBR) for rent-controlled New York City apartments ensures landlords an 8.5% return on capital value, defined as equalized assessed valuation under the Real Property Tax Law. That State statute provides two possibly applicable measures of equalized assessed valuation, article 12-A — which was formerly used — and article 12, which the City has now adopted for use in its MBR formula. This diminishes the MBR for some landlords, who challenge the change. The issue in this appeal is whether the City’s adoption of article 12…
2Cases cited14 opinions
- Hellerstein v. Assessor of IslipNew York Court of Appeals · 1975
- Teeval Co. v. SternNew York Court of Appeals · 1950
- 89 Christopher Inc. v. JoyNew York Court of Appeals · 1974
- I. L. F. Y. Co. v. City Rent & Rehabilitation AdministrationNew York Court of Appeals · 1962
- Bucho Holding Co. v. Temporary Housing Rent CommisionNew York Court of Appeals · 1962
9 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- KSLM-Columbus Apartments, Inc. v. New York State Division of HousingNew York Court of Appeals · 2005
- KSLM-Columbus Apartments, Inc. v. New York State Division of Housing & Community RenewalAppellate Division of the Supreme Court of the State of New York · 2004
- Briffel v. County of NassauAppellate Division of the Supreme Court of the State of New York · 2006
- Tapia v. Successful Management Corp.Appellate Division of the Supreme Court of the State of New York · 2010
- Alston v. Starrett City, Inc.Appellate Division of the Supreme Court of the State of New York · 2018
5 more not listed; retrieve them via the Exa API.