In re Cedar-Temple Realty Corp.

The final order appealed from should be modified, with costs to appellant, by increasing the fair valuation of the premises from $750,000 to $800,000 and by increasing the reasonable return from an annual rate of 4% to 5%, to be computed upon said fair valuation of the premises. The total allowable income under the statutory formula should -be increased, by reason of the foregoing, from $144,768 to $154,768 and, after deducting the gross rental income of the petitioner at the commencement of the proceeding in the sum of $126,105.67, petitioner is entitled to an increase of $28,662.33.

Under…