160 Fifth Avenue Corp. v. Raymond Service, Inc.

This involves a consolidated action and special proceeding which were simultaneously commenced by the landlord of 160 Fifth Avenue, Manhattan, against the tenant of the entire third floor in that building.

A lease for the premises was entered into on February 4, 1944, for a term beginning on August 1,1944, and ending on january 31,1950, at an annual rental of $7,200, payable in monthly installments of $600. Since February 1, 1945, the tenant has been paying rent at the rate of $6,078.96 per annum (representing a 15% increase over the annual rent payable by a former tenant as of March 1, 1943,…