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The NBA has been slapped with a $1.25 million lawsuit for allegedly failing to pay rent for its famous New York City store on Fifth Avenue in Manhattan for the months of April and May.
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The landlord, 535-545 Fee LLC, claims in court papers that NBA Media Ventures LLC missed two monthly rent payments of $625,000 and now owes $1,257,412.96, according to the lawsuit, which was filed Tuesday in federal court in Manhattan. A version of the suit was published online by Law360.com.
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In addition to the two payments of $625,000, the lawsuit also calls for the association to pay metered water charges of $349.91, metered steam charges of $3,839.64, and late interest charges of $3,223.41, court papers show.
An NBA spokesperson did not immediately respond to FOX Business’ request for comment.
The building, located at 545 Fifth Avenue, is home to the NBA Store and is emblazoned with the famous NBA logo on its front door. The store closed in response to government directives surrounding the novel coronavirus pandemic, according to a message posted on its website.