Hopewell Properties, Inc. v. Weaver

Application for an order reviewing and annulling respondent’s determination. A motion by the tenants for leave to intervene was granted on the argument.

Petitioner is the owner of a 48-family apartment house located at Sunnyside, Queens County, New York. On October 10, 1955, petitioner applied to the local rent office for an increase in the maximum rents on the ground that the property yielded a net rental income of less than 6% of its then equalized current assessed valuation. The application was denied and upon petitioner’s protest, the denial was affirmed by the respondent. It is this…