Landlord v. Tenant: July 2014
Demolition: Landlord’s Demolition Application Denied
Landlord asked the DHCR for permission to terminate one rent-stabilized and four rent-controlled tenancies in order to demolish the building tenants lived in. Landlord claimed that the apartments were uninhabitable, that a new building it planned to construct on the site would contain 20 percent more units, that landlord couldn’t presently earn 8.5 percent annual net return on the building’s assessed value, and that landlord hadn’t mismanaged the building. Tenants denied landlord’s claims.