Appellate Division of the Supreme Court of New York, 1952

In re Mid-Madison Corp.

In re Mid-Madison Corp.
Appellate Division of the Supreme Court of New York · Decided December 16, 1952
281 A.D. 676; 117 N.Y.S.2d 451; 1952 N.Y. App. Div. LEXIS 3207
In re Mid-Madison Corp.

Opinion of the Court

Order unanimously modified by deducting from the total allowable rent the sum of $717.15 and allocating the balance as the rent payable by each appellant in the percentages found by Special Term and is otherwise affirmed, without costs. Steinberg v. Forest Mills Golf Range (303 N. Y. 577), does not require that the 8% return be reduced if the improvement is not the highest economic use of the land. Such reduction should be made only if the land is inadequately improved. Settle order on notice. Present — Dore, J. P., Cohn, Van Voorhis and Breitel, JJ.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.