NOTE 6 – RENTAL REVENUE

Our retail property located in Paramus, New Jersey is 100% leased to two tenants as of December 31, 2019 with leases expiring through 2021.

Our multi-family property at 237 11th is occupied by tenants who have leases ranging from one to two years and a retail tenant with a lease expiration in 2027.

Future minimum rentals under non-cancellable tenant operating leases (excluding license agreements) as of December 31, 2019 are as follows (dollars in thousands):


	Future Minimum
Year	Rentals

2020	$	861
2021		289
2022		165
2023		130
2024		130
Thereafter		348
	$	1,923