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.
GUT-RENOVATED, PRIME Union Square Retail storefront space, conveniently located 1 block from the Union Square subway station, in the heart of Manhattan's Greenwich Village, this space is perfect for most-any use, which will knock it out of the park! Ground Floor is 1,500 SF plus 700 SF of Lower Level storage, has floor-to-ceiling windows, brand new HVAC & hot water heater, high ceilings, gas, and ADA bathrooms on both floors.
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.