Nebraska Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers

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US-OL301B
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Description

This office lease form describes provisions for using the area with respect to each office floor, mean the area within the exterior walls of the Building and, in the case of the lobby floor, the area within the demising walls of areas rented or to be rented which is considered floor area.

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FAQ

New York City is divided into three basic zoning districts: Residence (R), Commercial (C) and Manufacturing (M). The three basic districts are further sub-divided to allow for a wide range of building forms and uses. Zoning districts are assigned a letter and number.

Floor area ratio (FAR) is the measurement of a building's floor area in relation to the size of the lot/parcel that the building is located on. FAR is expressed as a decimal number, and is derived by dividing the total area of the building by the total area of the parcel (building area ÷ lot area).

Each zoning district has an FAR which, when multiplied by the lot area of the zoning lot, produces the maximum amount of floor area allowable on that zoning lot. For example, on a 10,000 square foot zoning lot in a district with a maximum FAR of 1.0, the floor area on the zoning lot cannot exceed 10,000 square feet.

GROSS FLOOR AREA: Gross floor area is the total number of square feet measured between the exterior surfaces of the enclosing fixed walls.

The intent of this chapter is to establish the following residential districts and to guide the orderly development within each district: Single-Family. R-1, single-family residential zoning district; Two-Family. R-2, two-family residential zoning district; Multifamily. R-3, multifamily residential zoning district.

Building Area ? The sum of the floor area of all floors in all buildings on a site. Unlike "Floor Area," building area includes garages, carports, storage buildings, and other attached or detached accessory structures.

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Nebraska Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers