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 August 18, 2021 at 10:00 a.m. via Conference Call No. 1-646-992-2010, Access Code 717 876 299.
IN THE MATTER OF a lease for the City of New York, as tenant, on the entire 34th floor of the building located at 22 Cortlandt (Block 63, Lot 1) in the Borough of Manhattan for the Department of Mental Health and Mental Hygiene 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 March 12, 2018 (CPC Appl. No. N 180240 PXM, Public Hearing Cal. No. 2).
The proposed lease shall be for a period from September 1, 2021 until August 31, 2026, at an annual rent of $994,983.50 until February 28, 2022, at an annual rent of $1,013,888.19 until February 28, 2023, at an annual rent of $1,033,152.06 until February 29, 2024, at an annual rent of $1,052,781.95 until February 28, 2025 and at an annual rent of $1,072,784.81 until August 31, 2026, 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 1.9% annual increases of the base rent.
Further information, including public inspection of the proposed lease, may be obtained, at One Centre Street, Room 2000 North, New York, NY. 10007. To schedule an inspection, please contact Chris Fleming, at (917) 968-8345.
If you need further accommodations, please let us know at least five business days in advance of the Public Hearing via email at DisabilityAffairs@mocs.nyc.gov or via phone at 212-298-0734.