MATTER OF ASTOR


276 A.D. 1059 (1950)

In the Matter of Vincent Astor, Respondent. Eltee Garage, Inc., Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

April 6, 1950.


Consideration of all the facts and factors in this case leads us to the conclusion that the reasonable rent of the premises in question should be $13,741 per year which sum is computed by disallowing depreciation at the rate of 2% amounting to $2,200 and allowing 6% of $170,000, being the value of the premises of which the value of the land is $60,000, or $10,200, and expenses of $3,541, totaling $13,741.

Order appealed from unanimously modified accordingly and, as...

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