Note 8 - Rental Income Under Operating Leases |
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Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||
Lessor, Operating Leases [Text Block] |
8. Rental Income under Operating Leases
The Company’s commercial properties are leased to commercial tenants under operating leases with fixed terms of varying lengths. As of December 31, 2020, the minimum future cash rents receivable (excluding tenant reimbursements for operating expenses) under non-cancelable operating leases for the commercial tenants in each of the next five years and thereafter are as follows:
The Company has commercial leases with the City of New York that comprised approximately 21%, and of total revenues for the years ended December 31, 2020, 2019 and 2018, respectively.
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