Increase Granted for Elevator Upgrading
LVT Number: 12519
Landlord applied for MCI rent hikes based on elevator upgrading. Tenants appealed, claiming that the work didn't qualify as an MCI and that landlord had received federal depreciation tax reduction allowances for the elevators. The DHCR ruled against tenants. It's established DHCR policy that the upgrading of an elevator by installing a new controller and selector qualifies as an MCI. And any tax benefits received by landlord for the work didn't prevent landlord from getting MCI increases.
Sackstein: DHCR Adm. Rev. Dckt. No. KI230067RT (4/3/98) [2-page document]
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