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Initial rental rates were adjusted downward to meet today's market, Mr. Rechler said, without specifying numbers.
The initial rental property was, like many here, a gabled Cape on a 40-by-100-foot lot built after World War II, to accommodate returning soldiers.
The lease, also for 10 years, has an initial rental rate of $40 a square foot, reflecting both that the store is several blocks from where Cohen's is in the heart of the Brooklyn Heights and that larger retail spaces -- CVS is roughly six times the size of Cohen's -- usually rent for less per square foot than smaller ones.
It also does away with the ridiculous "renewal fees" that some agents charge merely for tenants staying in a property beyond the initial rental period.
Similar(53)
By applying the lessons learned in building an initial stand-alone rental unit next door, Mr. Swanson said, HUG was able to cut its per-square-foot construction costs by nearly half for the duplex.
It's entirely probable he rented the room as the second half of a sort of two-man head-to-toe discrete wanking vector, and the guy he rented with rented with another guy, and so on and on, the chain going years back, decades, until you don't even know who initially split the room and decided to rent it as two half-rooms, the initial moment of rental cynicism lost forever to the ages—.
Only one other Brazilian company has announced an initial offering this year; the rental car company Locamerica is seeking to raise $246 million to $314 million in an I.P.O. announced on Monday.
Despite longstanding limits on the use of federal disaster money to benefit private businesses, landlords are also being offered government help to rapidly complete initial repairs to their rental homes and apartments in New York City, where the program is called Rapid Repairs.
Each house will sell for around $250,000, and the initial monthly rent for the rental units is fixed at $850.
A lower-than-average initial yield must imply faster rental growth in future, as with a tech stock.It is at this point that it is hard to make market valuations stack up.
They can claim straight-line depreciation, deducting the initial value of a residential rental building in equal amounts over 27.5 years or an office building over 39 years.
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