MCI Increase Temporarily Offset by 50 Percent of Annual J-51 Benefit
LVT Number: #25332
The DRA granted landlord's application for MCI rent hikes. Later, the DRA granted a temporary offset of the MCI increase because landlord had received a J-51 tax abatement for the MCIs. Landlord appealed and lost. The offset was ordered based on established DHCR procedure. The DRA properly deducted 50 percent of the J-51 yearly benefit from the tenants' MCI rent increase. The computation of the per-room per-month offset was properly based on that amount.
11 Schermerhorn Street: DHCR Adm. Rev. Docket No. BP210058RO (12/24/13) [1-pg. doc.]