In re C. I. C. Operating Corp.

Heretofore and on December 7, 1946, this court made an order in this proceeding to determine and fix a reasonable rent for the space occupied by one Archie Turner, tenant of premises comprising virtually an entire block between Bridge *445Plaza North and 41st Avenue, 22d and 23d Streets, Long Island City, Queens County.

The rent was fixed at $1,100 per month, based upon the following findings, among others: The petitioner purchased the premises in question in September,' 1946, for $150,000; the assessed valuation for the year 1946-47 is $147,100, which under the statute (Commercial Pent Law, § 4;…