Annual base rent
$12,000
$2.51/SF · 4,789 SF
Term
Dec 20, 2019 — Dec 20, 2068
13% elapsed · 42.4 yrs remaining
Tenant
Beach 21st Limited Partnership And Tcb Far Rockaway Housing Development Fund Corporation
Base instrument with no amendments — current terms reflect the original.
Original Commercial lease
Dec 20, 2019
Base instrument — the executed lease/agreement.
Landlord
New York City Economic Development Corporation
Tenant
Beach 21st Limited Partnership And Tcb Far Rockaway Housing Development Fund Corporation
Premises area
4,789 SF
Commencement
Dec 20, 2019
Term end
Dec 20, 2068
Base rent (per SF)
$2.51/SF
Base rent (annual)
$12,000
Escalation type
Fixed %
Escalation rate
2.2%
Renewal term (years)
10
Renewal notice date
Dec 20, 2067
GL per occurrence
$1,000,000
GL aggregate
$2,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant