No MCI Increase for Incomplete Pointing and Waterproofing

Landlord applied for MCI rent hikes based on the installation of a new roof, pointing, and waterproofing. The DRA disallowed the cost of the pointing and waterproofing. Landlord appealed and lost. DHCR inspection showed that there were exposed sides of the building where pointing and waterproofing hadn’t been properly completed. To qualify as an MCI, pointing and waterproofing must be performed “as necessary” on all exposed sides of a building.

Cey Realty Associates, LLC: DHCR Adm. Rev. Docket No. ZB410034RO (11/20/15) [3-pg. doc.]