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What is NYC RCNY § 52-02?

Quick Answer

A Multiple Dwelling that is the subject of a Qualified Transaction and that has a Capitalization Rate less than the applicable Borough Capitalization Rate shall be added to the List. HPD will post a public e-mail address on its website through which HPD may be alerted as to any Multiple Dwelling that was either include

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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Effective: 10/19/2018

§ 52-02 Criteria for Inclusion.

RCNY § 52-02

A Multiple Dwelling that is the subject of a Qualified Transaction and that has a Capitalization Rate less than the applicable Borough Capitalization Rate shall be added to the List. HPD will post a public e-mail address on its website through which HPD may be alerted as to any Multiple Dwelling that was either included on the List that allegedly did not meet the criteria for inclusion at the time of its inclusion or omitted from the List that allegedly did meet the criteria for inclusion. (Added City Record 9/19/2018, eff. 10/19/2018)

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