Court Opinion

ID: 5395670
Source: CourtListenerOpinion
Date Created: 2022-01-08 10:14:06.630585+00
Date Added: 2024-06-11T08:30:22.200867
License: Public Domain

Action for specific performance of an agreement to give plaintiff an option to a lease of a public garage or for damages. Plaintiff appeals from a resettled judgment awarding it six cents damages. Judgment, insofar as appealed from, reversed on the law and the facts and new trial granted, with costs to abide the event. The Trial Justice received evidence as to an alleged contract for the purchase of the lease or of the lease and the business. In arriving at his decision he stated that the contract could not be considered as evidence of the value of the lease. After the evidence had been received the Trial Justice was obliged to determine what wore the terms o£ the contract and the circumstances attending it, and what weight, if any, it had to establish the rental value of the garage. (Ewald v. Poates, 107 App. Div. 242.) The weight to be given to opinion evidence as to rental value was for the trier of the facts. Pull opportunity was given to appellant to establish the rent of comparable premises. However, the Trial Justice assumed that the premises were valued at $250,000. No evidence warranted a finding of that value. Moreover, the rent permissible under the emergency rent laws does not, as stated by the Trial Justice, necessarily determine the rental value. (Of. 207-17 W. 25th St. Co. v. Blu-Strilee Safety Razor Blade Co., 277 App. Div. 93, 96.) Nolan, P. J., Adel, Wenzel and Mae-Crate, JJ., concur; Beldock, J., not voting. [See post, p. 839.]