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Aras v. B-U Realty Corp., 2023 NY Slip Op 04917 (2023)

Citation
Aras v. B-U Realty Corp., 2023 NY Slip Op 04917 (2023)
Parent Document
Aras v. B-U Realty Corp., 2023 NY Slip Op 04917 (2023)
Jurisdiction
New York (state)
Effective Date
2023-10-03
Original Source
https://www.courtlistener.com/opinion/9430365/aras-v-b-u-realty-corp/ ↗

Other Sections in This Document (169)

Full Text

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Moreover, as to apartment 1B, the motion court erred in employing the default formula by determining that defendants' failure to rent stabilize 1B in 2005, when the building enrolled in the J51 program, made "it impossible to determine whether Panozzo's initial rent had been accurately calculated by adding six years' worth of 'subsequent lawful increases and adjustments' to the unit's initial rent stabilized rent." Such is not the standard and the reconstruction method has been rejected by Regina (35 NY3d at 358).