what is the projected appraisal?
Type MSA City State Built Renovated Square Footage Rate of Occupancy Office New York-Nothern New Jersey-Long Island New York NY 1958 1990 637,685 94% Past Appraisal Projected Appraisal $281,000,000 ? 39.97 Average Rent Average Rental Growth Average Market Rentat piry Reimbursable expenses per 45 26 Reimbursable Dipenses Rent at Expiry 3 Tenant Palestrin Post Production Cornell University 10 Beschillen 11 Tenint 4 12 Tenants Tento 14 Tenant 7 15 Tenant 16 17 18 19 20 Tenant Roll Start Date Date Renewal Probability Expense Stop per 5.) Veny Mos Rew YB Rent Hent Grwth 1271/22 05 13 10 12/31222 100 13 0 10 12/11/22 100 13 0 10 12/01/22 100 13 10 12/12 100 13 10 12/31/22 100 33 10 12/31/22 100 11 0 10 12/11/2 100 D 10 OOO A B D E F G Average Expense per square foot Operating Expenses Growth 25 2.30% AverageTenant Improvements per square feet Capital reserve per square feet Leasing Commissions 1.5 to be paid out in the first year 0.21 to remain the same for each year To be paid out in 3 years (even split) LEASES All commissions shall be paid in full when earned. Any variance must be made by separate agreement between Greenthal and Lessor. Commission shall be based on the annual rent and calculated as follows: First year or fraction thereof. .6% Second year or fraction thereof. 5% Third year up to and including fifth year.. 4% Sixth year up and including Tenth year. .3% Eleventh year up to and including Twentieth year. 2% Option to extend the Lease or Additional Space Taken: Should the terms of the of the Lease be extended or the tenant occupy additional space by virtue of provisions in the Lease, or through subsequent modification of such provisions, then a commission shall be paid in full at such time as said term is extended or said additional space is occupied. Sald commission shall be computed in accordance with the provisions of this Schedule and by using the rates applicable as if the initial term of the Lease had included said extension period or the premises initially leased had included said additional space. 0 M 0 P 5 AZ 1 1 10 11 SIN Year Great Van 10 een NO AC Discounted Property Value Type MSA City State Built Renovated Square Footage Rate of Occupancy Office New York-Nothern New Jersey-Long Island New York NY 1958 1990 637,685 94% Past Appraisal Projected Appraisal $281,000,000 ? 39.97 Average Rent Average Rental Growth Average Market Rentat piry Reimbursable expenses per 45 26 Reimbursable Dipenses Rent at Expiry 3 Tenant Palestrin Post Production Cornell University 10 Beschillen 11 Tenint 4 12 Tenants Tento 14 Tenant 7 15 Tenant 16 17 18 19 20 Tenant Roll Start Date Date Renewal Probability Expense Stop per 5.) Veny Mos Rew YB Rent Hent Grwth 1271/22 05 13 10 12/31222 100 13 0 10 12/11/22 100 13 0 10 12/01/22 100 13 10 12/12 100 13 10 12/31/22 100 33 10 12/31/22 100 11 0 10 12/11/2 100 D 10 OOO A B D E F G Average Expense per square foot Operating Expenses Growth 25 2.30% AverageTenant Improvements per square feet Capital reserve per square feet Leasing Commissions 1.5 to be paid out in the first year 0.21 to remain the same for each year To be paid out in 3 years (even split) LEASES All commissions shall be paid in full when earned. Any variance must be made by separate agreement between Greenthal and Lessor. Commission shall be based on the annual rent and calculated as follows: First year or fraction thereof. .6% Second year or fraction thereof. 5% Third year up to and including fifth year.. 4% Sixth year up and including Tenth year. .3% Eleventh year up to and including Twentieth year. 2% Option to extend the Lease or Additional Space Taken: Should the terms of the of the Lease be extended or the tenant occupy additional space by virtue of provisions in the Lease, or through subsequent modification of such provisions, then a commission shall be paid in full at such time as said term is extended or said additional space is occupied. Sald commission shall be computed in accordance with the provisions of this Schedule and by using the rates applicable as if the initial term of the Lease had included said extension period or the premises initially leased had included said additional space. 0 M 0 P 5 AZ 1 1 10 11 SIN Year Great Van 10 een NO AC Discounted Property Value
