Landlord Didn't Replace at Least 75% of Building-Wide Systems

Landlord claimed that it had substantially rehabilitated a rent-stabilized building and asked the DHCR to rule that the building was exempt from regulation. The DRA ruled against landlord. Landlord appealed and lost. Landlord didn't replace at least 75 percent of the building-wide and apartment systems in the building. This was required by the Rent Stabilization Code and DHCR Operational Bulletin 95-2. So the building didn't qualify for the substantial rehabilitation exemption.

Neversink Realty, LLC: DHCR Adm. Rev. Dckt. No. RJ210024RO (12/10/03) [3-pg. doc.]