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MATTER OF MID-MADISON CORP.

281 A.D. 676 (1952)

In the Matter of Mid-Madison Corporation, Respondent. Charles Barzansky et al., Appellants, et al., Defendants

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

December 16, 1952.

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 Hills 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...

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