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Note 10 - Commitments and Contingencies
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
10.
Commitments and Contingencies
 
Legal
 
The Company is subject to certain legal proceedings and claims arising in connection with its business. Management believes, based in part upon consultation with legal counsel, that the ultimate resolution of all such claims will not have a material adverse effect on the Company’s consolidated results of operations, financial position, or cash flows.
 
Commitments
 
The Company is obligated to provide parking through
2020
under a lease with a
tenant
at the property on
250
Livingston Street costing approximately
$160
per year.
 
Concentrations
 
The Company’s properties are located in the Boroughs of Manhattan and Brooklyn in New York City, which exposes the Company to greater economic risks than if it owned a more geographically dispersed portfolio. For the
three
months ended
March
31,
2017
and
2016,
commercial properties accounted for approximately
27%
and
26%,
respectively, and the residential properties accounted for approximately
73%
and
74%,
respectively, of total revenue.