Note 8 - Rental Income Under Operating Leases

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Lessor, Operating Leases [Text Block]

8.

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

December 31, 2018,

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:

2019	$	17,336
2020		10,315
2021		4,695
2022		4,260
2023		2,190
Thereafter		10,490
Total	$	49,286

The Company has commercial leases with the City of New York that comprised

19%,

20%

and

19%

of total revenues for the years ended

December 31, 2018,

2017

and

2016,

respectively.