In Altman v. 285 West Fourth, LLC, 127 A.D.3d 654 (1st Dept., 2015) the Appellate Division, First Department held that although defendant was entitled to a vacancy increase of 20% following the departure of the tenant of record, the increase could not effectuate a deregulation of the apartment since the rent at the time of the tenant's vacatur did not exceed $2,000" (Id., at 655). The Court in Altman dealt with the issue of vacancy increases following the departure of the tenant of record, and the prohibition of rent stabilization deregulation for rent under $2,000 at the time of the tenant's departure.