Legal Opinion
Payson v. Caputa
Appellate Division of the Supreme Court of the State of New York
Decided November 17, 1959PublishedCited by 5 opinions
1Opinion of the CourtBreitel, J.
Petitioners, owners of a multiple dwelling subject to the State Besidential Bent Law, seek a rent increase on the ground that the property does not return at least 6% annually on its valuation. They ground their application on the purchase, price oh a prior sale of the property which they assert provides the proper valuation base within the purview of the statute and the regulations. The sale in question, while in form to an individual buyer, was, in effect, a sale to a syndicate which the buyer represented. It is undisputed that the syndicate, in making the purchase, contemplated, among a…
2Cases cited7 opinions
- Matter of Mounting Finishing Co. v. McGoldrickNew York Court of Appeals · 1945
- Red Hook Cold Storage Co. v. Department of LaborNew York Court of Appeals · 1945
- People ex rel. McGoldrick v. SterlingAppellate Division of the Supreme Court of the State of New York · 1953
- Gilligan v. Tishman Realty & Construction Co.New York Court of Appeals · 1954
- Gilligan v. Tishman Realty & Construction Co.Appellate Division of the Supreme Court of the State of New York · 1953
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- All Seasons Resorts, Inc. v. AbramsNew York Court of Appeals · 1986
- Schwartz v. RomnesCourt of Appeals for the Second Circuit · 1974
- Precision Dynamics Corp. v. Tax CommissionAppellate Division of the Supreme Court of the State of New York · 1982
- Schwartz v. H. I. RomnesCourt of Appeals for the Second Circuit · 1974
- Tager v. Commissioner of the Department of Rent & Housing MaintenanceNew York Supreme Court · 1971