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  S.J.R. NO. 5844-A
     IN THE MATTER OF THE ADMINISTRATIVE :  ADMINISTRATIVE REVIEW
     APPEAL OF                              DOCKET NO. BH 410137-RO
                                         :  
                                            RENT ADMINISTRATOR'S 
        ARTHUR ZABARKUS                     DOCKET NO. LC 000010-OH
                           PETITIONER    : 
     ------------------------------------X                             

     CORRECTING ORDER AND OPINION REMANDING PETITION FOR ADMINISTRATIVE REVIEW

     This order corrects an order and opinion issued on June 2, 1992 to reflect 
     the proper address of the subject premises and docket numbers relating  to
     the instant proceeding.

     On August 18, 1987 the above-named petitioner-landlord  filed  a  Petition
     for Administrative Review against an order issued on January 19,  1987  by
     the Rent  Administrator,  92-31  Union  Hall  Street,  Jamaica,  New  York
     concerning housing accommodations known as 44  Gramercy  Park  North,  New
     York, N.Y., various apartments.

     On May 9, 1991 the Commissioner issued an Order and  Opinion  denying  the
     landlord's administrative appeal.  Said order also denied a  petition  for
     administrative review (BH 410259-RT) filed by the tenant of apartment 5A.

     Subsequent thereto, the landlord filed a petition  in  the  Supreme  Court
     pursuant to Article 78 of the Civil Practice Law and Rules requesting that 
     the  order  of  the  Commissioner  in  so  far  as  it  pertained  to  his
     administrative appeal be annulled.  

     This resulted, eventually, in a court ordered stipulation  which  remitted
     the proceeding to the  DHCR  with  direction  that  the  instant  hardship
     application be recalculated by the  Rent  Administrator,  pursuant  to  an
     order of the court dated October 30, 1991, using  the  equalization  ratio
     in effect at  the  time  the  application  was  filed  (rather  than  1972
     equalization ratio) and to consider whether the "current"  assessed  value
     as opposed to "transitional"  assessed  value  is  the  proper  basis  for
     calculating capital value  where  the  equalized  assessed  value  of  the
     property (as opposed to the purchase price) is the  appropriate  index  of
     capital value for hardship purposes.

     THEREFORE, in accordance with the provisions  of  the  Rent  and  Eviction
     Regulations for New York City, is






          DOCKET NUMBER: BH 410137-RO
     ORDERED, that this proceeding be, and the same hereby is remanded  to  the
     Rent Administrator for further processing in accordance  with  this  Order
     and Opinion and stipulated  court  directive.   The  orders  of  the  Rent
     Administrator remains in full force and effect until new orders are issued 
     upon the remand.

     ISSUED:
      






           
                                                                   
                                          JOSEPH A. D'AGOSTA
                                      Acting Deputy Commissioner