Docket Number: AI-410101-RO
                                 STATE OF NEW YORK
                     DIVISION OF HOUSING AND COMMUNITY RENEWAL
                           OFFICE OF RENT ADMINISTRATION
                                    GERTZ PLAZA
                              92-31 UNION HALL STREET
                              JAMAICA, NEW YORK 11433

     ------------------------------------X 
     IN THE MATTER OF THE ADMINISTRATIVE :  ADMINISTRATIVE REVIEW
     APPEAL   OF                                DOCKET   NO.:   AI    410101-RO
                                         :  
          PAN AM EQUITIES,                  DRO DOCKET NO.: L-001383

                           PETITIONER    :                                  
     ------------------------------------X                           
                          
                     ORDER AND OPINION TERMINATING PROCEEDING

     On September 23, 1986, the above-named petitioner-owner filed  a  Petition
     for Administrative Review (PAR) against an  order  issued  on  August  15,
     1986, by the  Rent  Administrator  at  Gertz  Plaza,  Jamaica,  New  York,
     concerning the housing accommodations known as 65 Fourth Avenue, Apartment 
     5-E, New York, New York, wherein the Administrator determined the tenants' 
     overcharge complaint, established the legal regulated rent, and ordered  a
     refund.  

     In a letter dated August 19, 1987, the owner  advised  the  Division  that
     the parties had entered into a Stipulation of Settlement wherein the owner 
     and tenant agreed to settle the issues in  the  matter  on  the  following
     terms.

               1) The owner having reviewed the rent records for the
                  subject apartment hereby agrees to withdraw its
                  Petition for Administrative Review with prejudice.
                  The owner will provide copies of such withdrawal
                  with proof of mailing (certified receipts) to the
                  tenant.

               2) For the purpose of settling the proceedings the
                  owner hereby agrees:

                    (1) to refund to the tenant $682.20 by a 
                        single payment on or before August 18, 1987.

               3) Owner and Tenant agree that the present maximum 
                  Legal Regulated Rent for the premises of the
                  apartment is $797.37.
                         

     Section 2520.3 of the Rent Stabilization Code provides that while a tenant 
     may withdraw any pending complaint pursuant  to  a  negotiated  settlement
     with the approval of the Division, such settlement shall  not  be  binding
     upon subsequent tenants.







          Docket Number: AI-410101-RO
     The Commissioner notes that the rent agreed to by the tenant, $797.37  per
     month, is in excess of the  lawful  stabilized  rent  established  by  the
     Administrator, $766.70 per month for the lease term in  effect  on  August
     18, 1987.

     Pursuant to the parties' settlement agreement, the  Commissioner  declines
     further consideration of the complaining tenant's rent.  The  Commissioner
     further finds, however, that the settlement  shall  not  be  binding  upon
     subsequent tenants unless the  subsequent  tenants  are  time-barred  from
     challenging the rent negotiated by the owner and the tenant.

     The Commissioner also notes for the record that related proceedings  under
     Docket No. L-000950-R were terminated as duplicative  by  an  order  dated
     July 22, 1986.

     THEREFORE, in accordance with the provisions of Chapter 403, Laws of 1983, 
     as amended by Chapter 102, Laws of 1984,  as  implemented  by  Operational
     Bulletin 84-1, it is

     ORDERED, that this Administrative  Review  proceeding  be,  and  the  same
     hereby is, terminated, as withdrawn by the petitioner, in accordance  with
     above.

     ISSUED:




                                                                   
                                     ELLIOT SANDER
                                     Deputy Commissioner




                                                   
    

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