Annual base rent
$1,704,261
$8.50/SF · 200,455 SF
Term
Aug 1, 2018 — Aug 1, 2028
80% elapsed · 2.0 yrs remaining
Tenant
Narrows Freight LLC
Base instrument with no amendments — current terms reflect the original.
Original Maritime permit
Aug 1, 2018
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Narrows Freight LLC
Premises area
200,455 SF
Commencement
Aug 1, 2018
Term end
Aug 1, 2028
Base rent (per SF)
$8.50/SF
Base rent (annual)
$1,704,261
Escalation type
CPI
Escalation rate
2.6%
Renewal term (years)
5
Renewal notice date
Feb 1, 2028
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant