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MATTER OF FULWAY CORP.

276 A.D. 1070 (1950)

In the Matter of Fulway Corporation, Respondent. Henry Modell et al., Copartners Doing Business as Henry Modell & Company, Appellants

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

April 19, 1950.

Consideration of all the relevant facts and factors in this case, including the nature of the improvement on the premises, leads us to the conclusion that an overall return of 5% upon the assessed valuation of the land of $1,050,000, and of 6% upon the assessed valuation of the building of $250,000 would be a fair and reasonable return. Adding to the sum so calculated the taxes and expenses of operation we find that $116,077.86...

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