Annual base rent
$544,882
$9.87/SF · 55,185 SF
Term
Dec 1, 2023 — Dec 1, 2043
13% elapsed · 17.4 yrs remaining
Tenant
Sunset Park Warehousing
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Dec 1, 2023
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Sunset Park Warehousing
Premises area
55,185 SF
Commencement
Dec 1, 2023
Term end
Dec 1, 2043
Base rent (per SF)
$9.87/SF
Base rent (annual)
$544,882
Escalation type
CPI
Escalation rate
2.7%
Renewal term (years)
10
Renewal notice date
Jun 1, 2042
GL per occurrence
$2,000,000
GL aggregate
$4,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant