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.
Newly renovated building featuring: - High 15 ft. ceilings, Newly installed oversized, operable windows offering abundant natural light - Great flex/maker space perfect for light manufacturing, food production, film/music design, office and warehousing - Shared (1) Small freight elevator (6’x7’) and (1) large freight elevator (10’x10’), (2) loading docks - Landlord to provide buildout - all uses considered - Accessible via the Jefferson Street L-subway station and B57 bus along Flushing Avenue
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.