NYC Admin Code › Chapter 2: Housing Maintenance Code › Subchapter 4: Administration › Article 3: Speculation Watch List
§ 27-2109.51 Definitions
For the purposes of this article:
Capitalization rate. The term "capitalization rate" means, with respect to a multiple dwelling, the quotient obtained when the net operating income of such multiple dwelling, as calculated by the department of finance, is divided by the sale price of such multiple dwelling's most recent arms-length sale.
Qualified transaction. The term "qualified transaction" means a multiple dwelling sale transaction as defined by department rule pursuant to subdivision b of section 27-2019.52.*
- Source
- NYC Admin Code, as published by American Legal Publishing, the City's official publisher
- Last amended
- Effective December 31, 2017
- Checked
- Matched the official code on October 1, 2026
Amendment history
- (L.L. 2018/007, 12/31/2017, eff. 12/31/2017)
Publisher's notes
Added by the publisher for reference. Not part of the law.
- * Editor's note: so in original; citation should likely be to subdivision b of section 27-2109.52.
Official text. How it applies depends on your facts; this is not legal advice.Other laws and court decisions can change how a section applies to you, so treat the text as a starting point.