Case Name: In the Matter of Max Wile, Individually and as Chairman of the Tenants' Committee, Representing Various Tenants in the Hotel Olcott, Appellants, against Joseph D. McGoldrick, as State Rent Administrator, et al., Respondents
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1955-06-21
Citations: 286 A.D. 826
Docket Number: 
Parties: In the Matter of Max Wile, Individually and as Chairman of the Tenants’ Committee, Representing Various Tenants in the Hotel Olcott, Appellants, against Joseph D. McGoldrick, as State Rent Administrator, et al., Respondents.
Judges: 
Reporter: Appellate Division Reports
Volume: 286
Pages: 826–826

Head Matter:
In the Matter of Max Wile, Individually and as Chairman of the Tenants’ Committee, Representing Various Tenants in the Hotel Olcott, Appellants, against Joseph D. McGoldrick, as State Rent Administrator, et al., Respondents.

Opinion:
There is no justification for disturbing the valuation of the property as now found by the State Rent Administrator since there was ample basis for such a finding. The administrator in determining what amount of rent would be required to afford the landlords a proper return has arrived at a figure which is well in excess of the 15% maximum increase allowable. That finding is sustained ' by the record. Order unanimously affirmed, with $20 costs and disbursements to the respondents. Concur — Peck, P. J., Cohn, Breitel and Rabin, JJ. [See post, p. 964.]