Porch v. Agnew Co.

Grey, V. C.

The sale in this case is reported by the receiver of the insolvent defendant corporation. The receiver was appointed by this court in this cause. The property consists of a large hotel and a lot of land whereon it is erected, situate in Atlantic City, on the ocean, in a desirable and valuable location, having about one hundred and sixty-three feet and a fraction, of frontage on the ocean. It is that frontage which is usually made the standard or basis for computation of values in that locality. It is proven to be worth over $500 per lineal foot of ocean frontage. The hotel building…