Annual base rent
$4,163,177
$21.23/SF · 196,066 SF
Term
Apr 1, 2021 — Apr 1, 2031
53% elapsed · 4.7 yrs remaining
Tenant
Terminal Ironworks
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Apr 1, 2021
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Terminal Ironworks
Premises area
196,066 SF
Commencement
Apr 1, 2021
Term end
Apr 1, 2031
Base rent (per SF)
$21.23/SF
Base rent (annual)
$4,163,177
Escalation type
Fixed %
Escalation rate
3.4%
Renewal term (years)
5
Renewal notice date
Oct 1, 2030
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant