Approval of Substantial Rehab Deregulation Delayed Until DOB Issues New C of O

Approval of Substantial Rehab Deregulation Delayed Until DOB Issues New C of O



LVT Number: #29806

Landlord asked the DHCR for a ruling that its building was exempt from rent regulation due to a substantial rehabilitation of the building. When landlord bought the building in 2003, it was vacant and completely demolished. The building had contained Class B SRO units, and, with DOB approval, landlord converted the building to four Class A units. Landlord submitted work records and an architect's affidavit stating that more than 75 percent of building-wide and apartment systems had been replaced.

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Contempo Acquisition LLC: DHCR Adm. Rev. Docket No. GR410039RO (10/16/18) [4-pg. doc.]