In re No. 1 West 39th Street Corp.

This is a proceeding under the alternative method provided by subdivision 2 of section 4 of the Commercial Bent Law (L. 1945, ch. 3, as amd.) for an order fixing the reasonable rental value of the space occupied by the several tenants-respondents based on the fair rental value per square foot of the space occupied. On the trial, the proceeding was discontinued with respect to two of the tenants, namely, George Lesser, Inc. and Morris Schachter & Co., Inc.

The premises involved, No. 1 West 39th Street, consist of a 34-year-old, 12-story limestone and brick fireproof loft building with a…