Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.
Shops at the Loom offers an alternative spin on the mini-mall, the Loom is home to roughly 21 businesses - All spaces feature both exterior storefront and interior mall entrances - Located at the busy intersection of Flushing Avenue; and a 4 minute walk from the Morgan Avenue L-train station - At the Loom’s center is an outdoor courtyard area open to all visitors, complete with free WiFi - Situated at the base of 30 high-end loft-style apartments
Listed rate may not include certain utilities, building services and property expenses
Located in-line with other retail
Storefront exposure to both street & interior mall
Modified Gross
A modified gross lease
is a lease structure where both the landlord and the tenant are responsible for paying a property’s operating expenses. The specific operating expenses paid by a tenant or a landlord under a modified gross lease can and do vary widely.