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MCI for stabilized apt in coop building

Posted by MikeW on February 28, 2002 at 12:09:35:

Situation: NYC coop converted from stabilized rental. Tenant in question is a remain stabilized tenant. Building is installing a new boiler. Coop shareholders will be assessed to pay for boiler.

Can this be passed through to the stabilized tenant via an MCI? How would the amount be calculated, 1/40 of the cost allocated to the apartment based on share distribution?

Let me know. Thanks,


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