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Notice of Public Hearing
NOTICE IS HEREBY GIVEN THAT A REAL PROPERTY ACQUISITIONS AND DISPOSITIONS PUBLIC HEARING, in accordance with Section 824 of the New York City Charter, will be held on June 21, 2017 at 10:00 a.m., 1 Centre Street, Conference Room D, Borough of Manhattan.
IN THE MATTER OF a lease for the City of New York, as Tenant, of the entire commercial building located at 126-06 Queens Boulevard (Block 9631, Lot 241) in the Borough of Queens for the Queens District Attorney to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed use was approved by the City Planning Commission pursuant to NYC Charter Section 195 on August 24, 2016 (CPC Appl. No. N170019 PXQ Public Hearing Cal. No. 13).
The proposed lease shall be for a period of twenty (20) years from three months after Substantial Completion of alterations and improvements, at an annual rent of $1,420,000.00 for the first five (5) years, $1,590,000.00 for years six (6) through (10), $1,760,000.00 for years eleven (11) through fifteen (15) and $1,930,000.00 for years sixteen (16) through twenty (20), payable in equal monthly installments at the end of each month. The first three (3) months’ rent shall be abated.
Tenant shall be provided up to 30 non-exclusive valet parking permits at 75% of prevailing rate.
The Tenant shall have the right to terminate this lease in whole or in part, effective on or after the seven (7) year anniversary of the Rent Commencement Date provided the Tenant gives the Landlord 24 month’s prior written notice. Such part of the lease must consist of a full floor. In the event that the lease is terminated by the Tenant, the Tenant shall pay to the Landlord the unamortized portion of Landlord’s contribution to the tenant work cost for the alterations and improvements, and Landlord and Tenant’s Broker’s Commission, amortized on a twenty (20) year period at a 6% interest rate.
The Tenant shall have the right to renew the lease for two (2) periods of ten (10) years at 100% Fair Market Value.
The Landlord shall prepare final architectural plans and engineering plans and make alterations and improvements in accordance with preliminary architectural plans and specifications which are attached to the lease. The alterations and improvements consist of Base Building Work, which the landlord shall provide at its sole cost and expense, and Tenant Work. The total cost of the final architectural plans and engineering plans for the Tenant Work and the Tenant Work shall not exceed $7,642,093 of which the Landlord shall contribute $1,785,850 and the balance will be paid by the Tenant in accordance with the terms of the lease.
IN THE MATTER OF a lease for the City of New York, as tenant, of approximately 6,721 rentable square feet of space on the partial 8th floor of the building located at 230 Park Avenue (Block 1300, Lot 1) in the Borough of Manhattan for the Chief Judge of the Court of Appeals of the New York State Unified Court System to use as an office or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The lease shall be for a period of fifteen (15) years from the three month anniversary of Substantial Completion of alterations and improvements, at an annual rent of $574,645.50 for years one through five, $608,250.50 for years six through ten and $641,855.50 for years eleven through fifteen, payable in equal monthly installments at the end of each month. Rent shall be abated for the period commencing on the date of Substantial Completion and ending on the day immediately prior to the three month anniversary of Substantial Completion.
The Landlord shall prepare final architectural plans and engineering plans and make alterations and improvements in accordance with preliminary architectural plans and specifications. The Landlord, at its sole cost and expense, will provide a full turnkey installation in accordance with the preliminary plans and scope of work which will be attached to the lease.
Further information, including public inspection of the proposed lease may be obtained at One Centre Street, Room 2000 North, New York, N.Y. 10007. To schedule an inspection, please contact Chris Fleming at (212) 386-0315.
Individuals requesting Sign Language Interpreters should contact the Mayor’s Office of Contract Services, Public Hearings Unit, 253 Broadway, 9th Floor, New York, N.Y. 10007, (212) 788-7490, no later than SEVEN (7) BUSINESS DAYS PRIOR TO THE PUBLIC HEARING. TDD users should call VERIZON relay services.