Arch Furniture INC

Published

Commercial leaseCommercial LeasesDemo

LSE-2021-00015Arch Furniture INC — 140 58th Street

Annual base rent

$305,466

$14.00/SF · 21,819 SF

Term

Oct 15, 2021 — Oct 15, 2031

48% elapsed · 5.2 yrs remaining

Linked assets (contract ↔ asset)

Bush Terminal Building 140 (58th St)

Commercial Leases

Tenant

Arch Furniture INC

Contract family

Base instrument with no amendments — current terms reflect the original.

Original Commercial lease

Oct 15, 2021

Base instrument — the executed lease/agreement.

Key terms composed from 14 extracted fields · 14 verified/corrected.DemoClick any provenance chip to jump to the source clause.

Parties

Landlord

New York City Economic Development Corporation

High · 99%Verified

Tenant

Arch Furniture INC

High · 98%Verified

Term & premises

Premises area

21,819 SF

High · 93%Verified

Commencement

Oct 15, 2021

High · 96%Verified

Term end

Oct 15, 2031

High · 97%Verified

Rent & escalation

Base rent (per SF)

$14.00/SF

High · 98%Verified

Base rent (annual)

$305,466

High · 95%Verified

Escalation type

Fixed step

Medium · 88%Verified

Escalation rate

2.9%

Medium · 84%Verified

Insurance

GL per occurrence

$1,000,000

High · 90%Verified

GL aggregate

$2,000,000

Medium · 88%Verified

Additional insured

Required

High · 92%Verified

Maintenance & responsibility

Roof & structure

Landlord

Medium · 86%Verified

HVAC filters

Tenant

Medium · 83%Verified