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They rented it for $2,120 a month, which included a rent concession of $425.
A significant rent concession by Cooper Union could save this irreplaceable neighborhood institution.
The rent concession at the Brooklyner has since shrunk, and is now one month free on a 12-month lease or two months free on a 24-month lease, Ms. Di Lisio said.
The owner of the optical center, who received a six-month rent concession, has three other eye centers in Manhattan and expects to open the new location by fall.
The tenant, which plans to open for business in September, received a two-month rent concession for its build-out, and plans to create a 1,000-square-foot 1,000-square-foot 1,000-square-footevent
A two-bedroom, two-bath apartment with a stall shower and a sunken living room rented for $70, but he had to give a three-month rent concession to fill it up in that Depression year, he said.
Similar(51)
It has tried to support its tenants through rent concessions and price discounts on beer.
And while the asking rents today are high for New Jersey - $24 to $28 in new buildings - developers often offer major rent concessions to fill their buildings.
His methods brought protests from the owners of older buildings, who also ob jected to rent concessions the center was offering.
I negotiated substantial rent concessions, redid the financial plan at $300 per square foot for the first year, cut expenses, and decided it was all still feasible.
This led to more negotiations, further rent concessions, and another revision of my first-year sales forecast to $250 per square foot.
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