Ruggerino v. Prince Holdings 2012, LLC, 2025 NY Slip Op 01180 (2025)

Citation: Ruggerino v. Prince Holdings 2012, LLC, 2025 NY Slip Op 01180 (2025)
Parent Document: Ruggerino v. Prince Holdings 2012, LLC, 2025 NY Slip Op 01180 (2025)
Jurisdiction: New York (state)
Effective Date: 2025-02-27
Original Source: https://www.courtlistener.com/opinion/10346988/ruggerino-v-prince-holdings-2012-llc/ ↗

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Plaintiff's apartment remains subject to rent stabilization. Defendant's itemized invoices and cancelled checks demonstrate that it expended $11,159.69 for identical installations of appliances in two different apartments, including the subject apartment, thus entitling defendant to an IAI increase in the monthly rent of $139.50. Since the last rent-stabilized tenant vacated the apartment on November 30, 2013, at a legal regulated rent of $1,560.00, the IAI increase of $139.50, together with a 18.25% vacancy increase of $284.70, would yield a maximum possible legal rent of $1,984.20, below the $2,500.00 high-rent deregulation threshold in effect at the time.

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