Landlord Can't Get Second MCI Increase for Pointing and Waterproofing

The DRA denied landlord’s application for MCI rent hikes based on pointing and waterproofing because landlord had obtained a prior MCI rent increase for pointing and waterproofing performed in 2007. Landlord appealed and lost. Landlord claimed that the new MCI application covered pointing and waterproofing done on a different portion of the building. But the DHCR grants MCI applications for pointing and waterproofing done under a comprehensive unified plan and consecutively timed project with the understanding that it all necessary pointing and waterproofing is done building-wide and with an expected useful life of 15 years.  Landlord can’t get a second MCI increase for pointing and waterproofing done before the useful life of the prior work expired.

JRBG Management Corp.: DHCR Adm. Rev. Docket No. AM430037RO (8/28/15) [2-pg. doc.]