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Note 7 - Rental Income Under Operating Leases
6 Months Ended
Jun. 30, 2019
Notes to Financial Statements  
Lessor, Operating Leases [Text Block]
7.
Rental Income under Operating Leases
 
The Company’s commercial properties are leased to commercial tenants under operating leases with fixed terms of varying lengths. As of
June 30, 2019,
the minimum future cash rents receivable (excluding tenant reimbursements for operating expenses) under non-cancelable operating leases for the commercial tenants in each of the next
five
years and thereafter are as follows (unaudited):
 
2019 (Remainder)
  $
11,008
 
2020
   
23,901
 
2021
   
19,636
 
2022
   
19,361
 
2023
   
17,579
 
Thereafter
   
35,766
 
Total
  $
127,251
 
 
The Company has commercial leases with the City of New York that comprised approximately
19%
of total revenues for each of the
three
months ended
June 30, 2019
and
2018,
and
19%
of total revenues for each of the
six
months ended
June 30, 2019
and
2018.