EXAMPLE: A Manhattan-based company relocates their office with 30 full-time employees from Manhattan to DUMBO. The asking price for the 5,000 SF office is $52.00 PRSF, which is $260,000 in rent a year. Shortly after submitting an annual NYC tax filing, they receive a REAP benefit check from the city for $90,000 ($3,000 x 30); thus reducing the rent from $52.00 PRSF to $34.00 PRSF and their annual total from $260,000 to $170,000.