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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 November 15, 2017 at 10:00 a.m., 1 Centre Street, Mezzanine, Borough of Manhattan,
IN THE MATTER OF an extension of the term of lease for the City of New York, as tenant for premises consisting of a portion of the ground floor and mezzanine of the building located at 59 Paidge Avenue (Block 2491, Lot 51) in the Borough of Brooklyn for the Fire Department to use as a vehicle storage facility, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed extension of the lease shall commence upon lease execution, and be for a period of five (5) years from substantial completion of Alterations and Improvements. From lease execution through substantial completion of Alterations and Improvements, Tenant to pay $385,000 per annum, and upon substantial completion of Alterations and Improvements, Tenant to pay $700,000 per annum, payable in equal monthly installments at the end of each month. In addition, upon substantial completion of Alterations and Improvements, Landlord shall receive the difference in the current rent and the new base rent in one lump sum.
The lease may be terminated in whole by the Tenant after the third (3rd) year anniversary of substantial completion of Alterations and Improvements, or at any time thereafter, provided the Tenant gives the Landlord one hundred and eighty (180) days prior written notice. Upon exercising the termination, Tenant shall pay to Landlord $75,000 in one lump sum on the Termination Date specified in the Tenant’s notice.
The Landlord, at its sole cost and expense, shall make alterations and improvements pursuant to the Bullet Point Scope of Work which shall be attached to the lease.
IN THE MATTER OF a lease for the City of New York, as tenant, of the entire first (1st) and entire basement floors in the building located at 196 Albany Avenue (Block 1230, Lot 44) in the Borough of Brooklyn for the Department for The Aging for use as a senior center, 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 197c on September 6, 2017 (CPC Appl. No. C 150382 PQK, Public Hearing Cal. No. 16).
The proposed lease shall be for a period of twenty (20) years from substantial completion of Landlord’s work, at an annual rent of $449,352.00 per annum for the first five (5) years, $494,287.20 per annum for the next five (5) years, $543,715.92 per annum for the next five (5) years, and $598,087.51 per annum for the final five (5) years, payable in equal monthly installments at the end of each month.
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 a Base Building Scope of Work, which the landlord shall provide at its sole cost and expense.
IN THE MATTER OF a renewal of the lease for the City of New York, as tenant, of the Entire 6th floor of the building located at 33 Whitehall Street (Block 10, Lot 14), in the borough of Manhattan for the New York City Department of Sanitation, to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The proposed renewal of the lease shall be from October 1st, 2017 to December 31st, 2018, at an annual rent of $844,450 for the duration of the lease, payable in equal monthly installments at the end of each month.
The renewal of the lease may be terminated by the Tenant on June 30th, 2018, or the end of any month thereafter, up to November 30, 2018 provided the Tenant gives the Landlord at least (60) days prior written notice.
IN THE MATTER OF a lease for the City of New York, as Tenant, of the following premises: portion of the concourse level, entire 1st floor, portion of the 2nd floor, portion of 4th floor, portion of the 5th floor, portion of the 7th floor, and the entire 8th floors of the building located at 80-02 Kew Gardens Road (Block 3348, Lot 37) in the Borough of Queens for the District Attorney Office of Queens County to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.
The term of the proposed lease shall commence on lease execution for the Existing Premises (as such term is defined in the Lease) and Substantial Completion of the work for the Expansion Premises (as such term is defined in the Lease) and shall expire on November 20, 2031. The annual rent is as follows: from rent commencement to November 21, 2017, Existing, $3,125,441.25; Expansion, $450,768.75; from November 22, 2017 to November 21, 2018, Existing $3,187,950.08; Expansion, $459,784.13; from November 22, 2018 to November 21, 2019, Existing $3,251,709.08; Expansion, $468,979.81; from November 22, 2019 to November 21, 2020, Existing, $3,316,743.26; Expansion, $478,359.40; from November 22, 2020 to November 21, 2021, Existing, $3,383,078.12; Expansion, $487,926.59; from November 22, 2021 to November 21, 2022, Existing, $3,540,455.82; Expansion, $510,368,82; from November 22, 2022 to November 21, 2023, Existing, $3,611,264.94; Expansion, $520,576.20; from November 22, 2023 to November 21, 2024, Existing, $3,683,490.24; Expansion, $530,987.72; from November 22, 2024 to November 21, 2025, Existing, $3,757,100.04; Expansion, $541,607.48; from November 22, 2025 to November 21, 2026, Existing, $3,832,303.24; Expansion, $552,439.63; from November 22, 2026 to November 21, 2027, Existing, $3,998,665.45; Expansion, $576,172.12; from November 22, 2027 to November 21, 2028, Existing, $4,078,638.76; Expansion, $587,695.56; from November 22, 2028 to November 21, 2029, Existing, $4,160,211.54; Expansion, $599,449.47; from November 22, 2029 to November 21, 2030, Existing, $4,243,415.77; Expansion, $611,438.46; and from November 22, 2030 to November 21, 2031, Existing, $4,328,284.08; Expansion, $623,667.23, payable in equal monthly installments at the end of each month. In addition, Tenant will pay Landlord a rent differential for the Holdover Period (as such term is defined in the Lease), which amount is equal to the difference between the rent paid by Tenant pursuant to the leases for the Existing Premises, which leases expired November 22, 2016 and under which Tenant has been occupying such premises as a month to month tenant, and the rent payable under this new Lease for the Existing Premises. Rent for the Existing Premises shall be abated for five months – three (3) months following the Existing Premises Lease Commencement Date and two (2) months following the 1st anniversary of Lease Commencement. Rent for the Expansion Premises shall be abated for two (2) months following the 1st anniversary of the Expansion Premises Commencement Date.
The Tenant has the one-time right to terminate the lease, in whole or in part, effective January 31, 2025 upon 9 months’ prior written notice. If the lease is terminated by the Tenant, the Tenant shall pay to the Landlord the unamortized portion of the Landlord’s work contribution toward Tenant’s Work, rent abatement and brokerage commission.
The Tenant has two (2) consecutive options to renew the lease for 5 years each at 95% of 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 Tenant Work Cost shall not exceed (i) $2,187,356, for work attributable to the 7th floor portion of the Existing Premises and (ii) $2,728,950 for the work attributable to the Expansion Premises to which Landlord is contributing $497,400. Tenant will reimburse the Landlord up to $2,187,356 for the 7th floor and up to $2,231,550 for the Expansion Premises in accordance with the terms of 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.