Annual base rent
$2,138,725
$17.77/SF · 120,343 SF
Term
Oct 1, 2023 — Oct 1, 2038
19% elapsed · 12.2 yrs remaining
Tenant
Narrows Instrument Company
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Oct 1, 2023
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Narrows Instrument Company
Premises area
120,343 SF
Commencement
Oct 1, 2023
Term end
Oct 1, 2038
Base rent (per SF)
$17.77/SF
Base rent (annual)
$2,138,725
Escalation type
Fixed step
Escalation rate
3.5%
Renewal term (years)
10
Renewal notice date
Apr 1, 2038
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant