Notice Details

Title: 61 Broadway

Public Hearings and Meetings

Section

Citywide Administrative Services (DCAS)

Agency Name

Real Estate Services

Agency Division

1 Centre Street
New York, NY 10007

Event Location

3/27/2019 10:00 AM

Event Date and Time

Accessibility questions:

Accessibility

Archived

Status

3/14/2019

Publication Date

Public Hearings

Notice Type

Description

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 March 27, 2019 at 10:00 a.m. at 1 Centre Street, 20^th Floor Conference Room D, Borough of Manhattan, in the matter of an assignment of lease to the City of New York, as tenant, of the entire third floor of the building located at 61 Broadway (Block 21, Lot 1) in the Borough of Manhattan for the Office of Training and Workforce Innovation of the Administration For Children’s Services to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.

The proposed assignment of lease shall be for a period from execution until April 30, 2028, at an annual rent of $773,920.13 from execution through July 9, 2019, $789,398.53 from July 10, 2019 through July 9, 2020, $805,186.50 from July 10, 2020 through July 9, 2021, $821,290.23 from July 10, 2021 through July 9, 2022, $919,472.04 from July 10, 2022 through July 9, 2023, $937,861.48 from July 10, 2023 through July 9, 2024, $956,618.71 from July 10, 2024 through July 9, 2025, $975,751.08 from July 10, 2025 through July 9, 2026, $995,266.10 from July 10, 2026 through July 9, 2027, $1,015,171.44 from July 10, 2027 through April 30, 2028, payable in equal monthly installments at the end of each month.

The Tenant shall have the right to renew the lease for a period of five (5) years at a greater of the then escalated rent or Fair Market Rental Rate.

The tenant shall provide a security deposit in the amount of $153,292.50 and reimburse the Landlord for the administrative costs that shall not exceed $10,000.00

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, 9^th 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.