COVID-19 Updates

Support & Resources:

National Realty & Development Corp. is committed to the success of its tenants as we continue to navigate through the challenges in our industry. We will make modifications as needed to offer support and guidance ensuring our tenants continue to provide goods and services to their communities.

Curbside Pickup:
We have created designated “Curbside Pick-Up” areas at select properties – yellow striped parking stalls with easily-identifiable signage for customer curbside parking. Shoppers should contact the store or restaurant directly to arrange for the pick-up of their items.

Outdoor Dining
For those establishments that would like to offer outdoor dining to the community, please contact us to discuss further on how we can assist 1.800.922.0204.

It is important to also refer to CDC guidelines, as well as local and national authorities, for further guidance.

Tenant Communication

National Realty & Development Corp. is here to answer any questions, concerns or emergency related matters. Please reach out to our Property Operations Department at 914.272.8040 or manager@nrdc.com.

For all emergency issues at the property level, all New Jersey tenants can contact Charles Bryant, Director of Maintenance Services directly at 732.433.2471.

CARES Act & COVID-19 Small Business Resource Center

The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 passed Congress and was signed into law by President Trump on December 27, 2020. This relief package provides critical support to the American people and will further strengthen our economic recovery.

Previously, President Trump signed the CARES Act into law on March 27, 2020. The CARES Act was passed with overwhelming bipartisan support and delivered on the Trump Administration’s commitment to supporting the American people through the public health and economic impacts of COVID-19. Together, these relief bills provide fast and direct economic assistance for American workers, families, and small businesses, and preserve jobs for American industries.

• Payroll Protection Program (PP2) - Loans will be available to first-time qualified borrowers and, for the first time, to businesses that previously received a PPP loan. Specifically, previous PPP recipients may apply for another loan of up to $2 million, provided they:
  • Have 300 or fewer employees.
  • Have used or will use the full amount of their first PPP loan.
  • Can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.

  For more information on the Paycheck Protection Program visit the Small Business Association.

• Payroll Tax Deferral - To enhance cash flow so that businesses can better maintain operations and payroll, employers and self-employed individuals can defer payment of the employer share of the Social Security tax they otherwise are responsible for paying to the federal government with respect to their employees. The deferred employment tax can be paid over the next two years—with half of the required amount to be paid by December 31, 2021 and the other half by December 31, 2022.
• The Economic Injury Disaster Loan (EIDL) provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.
• The Families First Coronavirus Response Act (FFCR) provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages to their employees for leave related to COVID-19.
• The Federal Reserve established the Main Street Lending Program to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic.
  • Working with banks, the Main Street Lending Program offers loans from $100,000 up to $300 million to eligible businesses and non-profits. To give borrowers more flexibility, the loans must be paid back over five years, with principal payments deferred for two years and interest payments deferred for one year.
  • Eligible businesses and non-profits must have significant operations and a majority of employees in the United States and either annual sales of no more than $5 billion or no more than 15,000 employees. Companies receiving loans through the Small Business Administration’s Paycheck Protection Program are also eligible for Main Street lending.

If your small business has been impacted by the COVID-19 pandemic, learn more about the CARES Act, other resources and how to apply for funding by visiting the US Department of The Treasury.

Several states offer guidance for businesses impacted by COVID-19.

• Connecticut – The CT state website offers guidance and resources specific to small businesses
• New Jersey – NJ.gov provides a helpful Q&A page offering guidance and economic assistance
• New York – Empire State Development F&Q for businesses
• Pennsylvania – PA Chamber of Business & Industry