Annual base rent
$1,366,986
$15.60/SF · 87,642 SF
Term
Jul 1, 2017 — Jul 1, 2032
60% elapsed · 6.0 yrs remaining
Tenant
Verrazano Tool & Die
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Jul 1, 2017
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Verrazano Tool & Die
Premises area
87,642 SF
Commencement
Jul 1, 2017
Term end
Jul 1, 2032
Base rent (per SF)
$15.60/SF
Base rent (annual)
$1,366,986
Escalation type
Fixed %
Escalation rate
3%
Renewal term (years)
10
Renewal notice date
Jan 1, 2031
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant