NYC 9/11 Public Portal Document
Lease Abstract
AGENCY: Mayor’s Office of Emergency Management
LOCATION: 7 World Trade Center Block & Lot: 84/3 6
Manliattan
SPACE: 50,182 square feet
Entire 23^"- floor. Part 7*^ floor and roof antenna space
TERM: March 25, 1998 to January 31, 2018.
Rent Commencement: Janiuiry 1, 1999 (If Landlord delays Substantial Completion of work, Tenant gets
rent credits)
Termination of Lease: City has the right to cancel after ten (10) years upon nineteen (18) months’ notice.
Expected Occupancy: December 28,1998
ANNUAL
BASE RENT: 1/1/1999-12/31/2003 $1,401,820.00 ($28.00 prsl)
1/1/2004-12/31/2008 $1,752,275.00 ($35.00 prsf)
1/1/2009-12/31/2013 $1,852,405.00 ($37.00 prsf)
1/1/2014- 1/31/2018 $2,102,730.00 ($42.00 prsf)
Additional Annual Rent for Anterma space: $ 42,000.000
Alterations and Improvements:
Total P.R.S.F.
Total Cost: $13,727,986.00 $273.56
Landlord contribution: $ 1.661.843.00 $ 33.19
Tenant Cost: $12,066,143.00 $240.37
Landlord also contributes architectural and consulting fees which are valued at $591,082 ($11.81 prsf)
Additional Costs:
Furniture $ 560,000.00
Lan Network/Computers: $ 1,900,000.00
Telephone/Data: $ 500,000.00
Mo torola/Antenna $ 1.700.000.00
Sub-total: $ 4,660,000.00
LANDLORD: 7 World Trade Company L.P.
c/o Silverstein Properties
120 Broadway
New York, New York 10271
Telephone Number: (212)732-9700
H:\SHARE\JK\OEMABS.WPD/p.8
NYC-WTC_000173890
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