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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 January 23, 2019 at 10:00 a.m. in Conference Room D, 20th Floor, 1 Centre Street, Borough of Manhattan, in the matter of a lease for the City of New York, as Tenant, of approximately 76,613 rentable square feet of space designated as the entire fifth (5th) floor of the building located at 4312 Second Avenue (Block 726, Lot 1) in the Borough of Brooklyn for use by the Manhattan District Attorney, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine, subject to restrictions set forth in the lease.
The proposed use was approved by the City Planning Commission pursuant to NYC Charter Section 197C on September 17, 2015 (CPC Appl. No. N 150188 PCK, Public Hearing Cal. No. 10)
The proposed lease shall be for a period from lease execution through May 31, 2030. Rents will be $1,610,588.36 from lease execution to May 31, 2019, $1,708,673.19 from June 1, 2019 through May 31, 2021, $1,812,731.39 from June 1, 2021 through May 31, 2023, $1,923,126.73 from June 1, 2023 through May 31, 2025, $2,040,245.15 from June 1, 2025 through May 31, 2027, $2,164,496.08 from June 1, 2027 through May 31, 2029, and $2,296,313.89 from June 1, 2029 through May 31, 2030, payable in equal monthly installments at the end of each month. Tenant shall pay Landlord a lump sum of $1,733,174.42 as additional rent due for the period June 1, 2015 through May 31, 2018 and $48,489.83 for each month from June 1, 2018 through lease commencement.
The lease may be terminated by the Tenant any time between June 1, 2025 through May 31, 2026 upon one (1) year’s written notice. In the event that the lease is terminated by the Tenant, the Tenant shall pay to the Landlord the unamortized portion of the Tenant’s brokerage commission.
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/Translators 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 TEN (10) BUSINESS DAYS PRIOR TO THE PUBLIC HEARING. TDD users should call VERIZON relay services.