Hangar rent

At HPN (White Plains, NY) the deal is a little different. $72,000 gets
you a 15 year lease on a 45' T, concrete floor, electricity. After the
lease is up I get to pay again for another 15 years. That works out to
about $400/mo. not counting that they have the use of your money
during the lease term. When I moved from tie downs to the hanger the
tie down rate was $180/mo. but I understand it has gone up twice since
9/11. I think it is now around $240. Since they were built (about 4
years ago) there has been a long waiting list for hangers and I think
only a few have changed hands - I was one of the luck ones. There were
rumors of building some more but I have not heard or seen any activity
on that in a couple of years - probably another project victim of 9-11
aviation blues.

"Kobra" wrote in message ...
I don't know if this has been covered before, but how much is everyone
paying for their hangars and what is provided?

Mine is a T-hanger with a dirt floor, free electric and manual doors that
are a bear to open and close. The hangar is damp of course, but not too
bad.

When we first secured it the rent was 240.00 and no lease. A few months
later it went up to 280.00 and no lease. Just last month we got our fuel
bill and the hangar rent went up again to 300.00 and the owner refuses to
give us a lease.

That's a 60.00/mo. increase in less than a year. The rumor has it that the
owner is going to keep raising the rent until people start moving out and
there are a few empty hangars. At that point he feels they will be priced
properly.

My question is: at what price would you walk out of a dirt floor T-hangar
with free electric and stiff manual doors? There are no other local
airports with similar hangars that are empty. A tie-down goes for 65.00/mo.

Kobra