MATTER OF 23 WEST ST. CORP.


278 A.D. 795 (1951)

In the Matter of 23 West Street Corporation, Respondent. Gibbs & Cox, Inc., Appellant

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

May 1, 1951.


Per Curiam.

In this alternative proceeding to fix reasonable rent, the parties agree that under the statutory formula $490,400 is the sum required as the basic return from all office space in the building. The statute requires this total to be apportioned to the various office tenants with due consideration to the amount and character of the space occupied by each. The present tenant occupies the major portion of the space from the second to the fifteenth floors...

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