Annual base rent
$1,211,976
$5.25/SF · 230,991 SF
Term
Apr 1, 2017 — Apr 1, 2027
93% elapsed · 0.7 yrs remaining
Tenant
Downtown Heliport Operations LLC
Base instrument with no amendments — current terms reflect the original.
Original Concession
Apr 1, 2017
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Downtown Heliport Operations LLC
Premises area
230,991 SF
Commencement
Apr 1, 2017
Term end
Apr 1, 2027
Base rent (per SF)
$5.25/SF
Base rent (annual)
$1,211,976
Escalation type
Fixed %
Escalation rate
3.5%
Renewal term (years)
5
Renewal notice date
Oct 1, 2025
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant