Building exempt due to substantial rehab #25731.

Position:RENT STABILIZATION COVERAGE - Brief article
 
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Landlord asked the DHCR to exempt its building from rent stabilization due to substantial rehabilitation. The DRA ruled for landlord. Tenant, who moved into the building in 2007, appealed and lost. Landlord bought the building in 1981 when it was a seven-room SRO with a ground-floor store. In 1984, the building was vacant and landlord converted the building to a five-unit, class A multiple dwelling. Landlord obtained a new Certificate of Occupancy, as well as J-51 benefits, which expired on June 30, 2003. There is no time limit for filing an application for exemption based on substantial rehabilitation. The fact that the building was vacant when rehabbed was proof...

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