Deregulation Application Based on High Rent/High Income Denied

LVT Number: #30283

Landlord applied for high-rent/high-income deregulation of tenant's rent-stabilized apartment in 2014. The DRA ruled against landlord, who appealed and lost. The Department of Taxation and Finance (DTF) determined that tenant's household income was below the deregulation threshold in both 2012 and 2013. And the apartment's rent-stabilized status wasn't dependent upon the building having received J-51 tax benefits. 

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72A Realty Associates, LP: DHCR Adm. Rev. Docket No. FU410050RO (6/12/19) [3-pg. doc.]