Rent of Apartment in Neighboring Building Used as Comparable
LVT Number: 14053
Tenant filed a fair market rent appeal. The DRA ruled for tenant and ordered landlord to refund $31,000. Landlord appealed, claiming that it hadn't been given enough chance to submit comparability data. Landlord said that it wasn't advised that it could submit comparables from apartments in other buildings. Landlord submitted proof of a comparable rent from an apartment in another building with its PAR. The DHCR ruled for landlord and accepted proof of a comparable rent from 231 E. 50th St. for inclusion in calculating the fair market rent. The refund due tenant was reduced to $965.
400 E. 58th St. Co.: DHCR Adm. Rev. Dckt. No. NJ410007RK (3/31/00) [4-pg. doc.]