Annual base rent
$271,804
$32.01/SF · 8,492 SF
Term
Jul 1, 2019 — Jul 1, 2029
70% elapsed · 3.0 yrs remaining
Tenant
Borough Hall Provisions
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Jul 1, 2019
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Borough Hall Provisions
Premises area
8,492 SF
Commencement
Jul 1, 2019
Term end
Jul 1, 2029
Base rent (per SF)
$32.01/SF
Base rent (annual)
$271,804
Escalation type
CPI
Escalation rate
2.2%
Percentage rent
6%
Renewal term (years)
10
Renewal notice date
Jul 1, 2028
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant