PUBLIC NOTICE
Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development ("HPD") of the City of New York ("City") has proposed the sale of the following City-owned property (collectively, "Disposition Area") in the Borough of the Bronx:
Address Block/Lot
151 East Tremont Avenue 2808/4
Under HPD's Asset Sales Program, City-owned residential and commercial buildings are sold at a negotiated price to existing tenants or to a sponsor selected pursuant to a Request for Offers. Purchasers of residential buildings are required to remove all Housing Code violations and to retain existing residential tenants for at least two years at current rents.
Under the proposed project, the City will sell the Disposition Area, which contains one vacant building with approximately 13,500 square feet of commercial space, to Silver Capital LLC (“Sponsor”) for the price of $965,000.
The appraisal and the Deed and Project Summary are available for public examination at the office of HPD, 100 Gold Street, Room 5-A4, New York, New York on business days during business hours.
PLEASE TAKE NOTICE that a public hearing will be held on May 28, 2014 at Second Floor Conference Room, 22 Reade Street, Manhattan, at 10:00 A.M., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.
Individuals requesting sign language interpreters should contact the Mayor’s Office of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than seven (7) business days prior to the public hearing. TDD users should call Verizon relay services.