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.
Welcome to Noble in Queens, a brand-new luxury mixed-use development in Downtown Jamaica with 6,080 square feet of divisible corner Retail at its base. Located at the insanely-busy intersection of Jamaica Ave & 139th Street, just steps from the Van Wyck Expressway, Queens Boulevard, and Hillside Avenue (E & F Subway Trains), this busy corridor has everything from national food & beverage/QSR retail to museums, car dealerships, colleges, and medical--any business here would knock it out of the park! Space highlights include:
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.