RENTAL REVENUE

12 Months Ended

Dec. 31, 2022

RENTAL REVENUE

RENTAL REVENUE

NOTE 7 – RENTAL REVENUE

Our retail property located in Paramus, New Jersey is 100% leased to two tenants as of December 31, 2022, one lease expired on March 31, 2023 and elected not to renew their lease, and the other expires on March 31, 2024.

Our multi-family property at 237 11^th is occupied by tenants who have leases ranging from one to two years and three retail tenants with leases expiring in 2027, 2032 and 2036, respectively.

We currently have one retail lease signed at 77 Greenwich which expires in 2033.

Future minimum rent due under non-cancellable tenant operating leases (excluding license agreements) as of December 31, 2022 is as follows (dollars in thousands):

	Future Minimum
Year	Rent
2023	$	3,372
2024		831
2025		467
2026		484
2027		445
Thereafter		2,220
	$	7,819