In re Flushingside Realty & Construction Co.

This is an application pursuant to chapter 314 of the Laws of 1945 for an order fixing the reasonable rental of a store which is occupied by the respondents.

Petitioner is the lessee of certain premises under a master lease acquired in 1933, expiring in 1967. Petitioner erected thereon in 1933 at a cost of $11,000 the existing business structure, consisting of a oné-story building containing five stores. Under that master lease petitioner pays an annual ground rent of $6,492 net to the fee owner, and the taxes, assessments, water charges and insurance premiums.

Onfy the corner store of the…