RENTAL REVENUE

12 Months Ended

Dec. 31, 2018

Operating Leases, Income Statement, Lease Revenue [Abstract]

RENTAL REVENUE

NOTE 6 – RENTAL REVENUE

Our retail properties are leased to various national and local companies under leases expiring through 2031. As of December 31, 2018, 18 tenants leased approximately 70% of the space at the West Palm Beach, Florida property and two tenants leased 100% of the space at the Paramus, New Jersey property.

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. As of December 31, 2018, 82 tenants leased approximately 78% of the space at 237 11th.

Future minimum rentals under non-cancellable terms of tenants’ operating leases (excluding license agreements) as of December 31, 2018 are as follows (dollars in thousands):

Year ended	Future Minimum Rentals
2019	$	3,507
2020		1,619
2021		932
2022		911
2023		862
Thereafter		4,353
	$	12,184