FK 410174 RO
                             STATE OF NEW YORK
                          OFFICE OF RENT ADMINISTRATION
                                   GERTZ PLAZA
                             92-31 UNION HALL STREET
                             JAMAICA, NEW YORK  11433

      IN THE MATTER OF THE ADMINISTRATIVE      Administrative Review         
      APPEAL OF                                Docket No. FK 410174 RO

           Fame Equities and Management        District Rent Administrator's
           Corp.,                              Docket No. CL 410031 RP

                                               Tenant: Irene Buttacavoli


      On November 27, 1991, the above-named owner filed a petition for 
      administrative review of an order issued on October 25, 1991 by a  
      District Rent Administrator concerning the housing accommodations known 
      as 420 East 79th Street, Apartment 8B, New York, New York wherein the 
      Administrator determined that the owner had overcharged the tenant.

      Subsequently, the owner advised the Division of Housing and Community 
      Renewal (DHCR) that it wished to withdraw its petition for 
      administrative review pursuant to a so-ordered stipulation of settlement 
      entered into by the owner and the tenant.  The stipulation stated that 
      the parties would withdraw any pending petitions for administrative 

      The Commissioner is of the opinion that this petition for administrative 
      review should be terminated.

      The Commissioner approves the owner's application to withdraw its 
      petition for administrative review.  However, the Stipulation of 
      Settlement will not be binding on future tenants.  Accordingly, the 
      legal regulated rent established by the Administrator in Docket No. CL 
      410031 RP remains in full force and effect.

      To the extent that the stipulation purports to settle arrearages, the 
      Commissioner notes that this is a contractual matter between the parties 
      not within the purview of the Rent Stabilization Law and Code, and not 
      subject to the jurisdiction to the DHCR.

      The owner is advised that a copy of this order is being sent to the 
      current tenant.

      THEREFORE, in accordance with the provisions of the Rent Stabilization 
      Law and Code, it is

          FK 410174 RO

      ORDERED, that this petition be, and the same hereby is, terminated.


                                              JOSEPH A. D'AGOSTA
                                              Acting Deputy Commissioner

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