Re: 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" <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
> 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