720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)

Citation: 720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)
Parent Document: 720 Riverside Owners Corp. v. Bowen, 2024 NY Slip Op 24052 (2024)
Jurisdiction: New York (state)
Effective Date: 2024-02-22
Original Source: https://www.courtlistener.com/opinion/9477736/720-riverside-owners-corp-v-bowen/ ↗

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Here, the trial evidence showed and the court expressly found that the $3,100.00 per month lease rent was a legal rent. Specifically, the court stated that landlord was "entitled to the legal vacancy and longevity increases, along with the appropriate increases for the IAI's" that were relied upon to increase the legal rent from $1,220.67 to $3,100.00 per month. In particular, the court found that landlord was entitled to an 18% vacancy increase and a $146.48 longevity increase. Furthermore, with respect to the IAI's, the court found that landlord proved that "the renovations took place... and provided proof of the [$102,000] bill and payment for the renovations ... and offered pictures which showed the premises in mint condition" (see former RSC § 2522.4[a][4]). These express factual findings establish that the lease rent charged tenants was a legal rent.

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