Annual base rent
$761,373
$1.90/SF · 400,000 SF
Term
Jan 1, 2023 — Jan 1, 2053
12% elapsed · 26.5 yrs remaining
Tenant
Hunts Point Cooperative Market
Base instrument with no amendments — current terms reflect the original.
Original Ground lease
Jan 1, 2023
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Hunts Point Cooperative Market
Premises area
400,000 SF
Commencement
Jan 1, 2023
Term end
Jan 1, 2053
Base rent (per SF)
$1.90/SF
Base rent (annual)
$761,373
Escalation type
Fair-market reset
Renewal term (years)
25
Renewal notice date
Jan 1, 2052
GL per occurrence
$5,000,000
GL aggregate
$10,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant