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 13, 2025, 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 a portion of the ground floor and entire mezzanine floor of the building located at 59 Paidge Avenue (Block 2491, Lot 51) in the Borough of Brooklyn for the Fire Department of New York City (FDNY) to use for vehicle and parts storage, offices and sleeping quarters, or for such other purposes as the Commissioner of the Department of Citywide Administrative Services may determine, upon the term and conditions of the lease.
The proposed use was approved by the City Planning Commission pursuant to NYC Charter Section 197c on April 26, 1995 (CPC Appl. No.C930036 PCK Public Hearing Cal. No.21).
The term of the proposed lease shall commence upon execution and shall expire upon the earlier to occur of (1) the day immediately preceding the fifteen (15) year anniversary of the substantial completion of alterations and improvements that the Landlord will perform and (2) the day immediately preceding the seventeen (17) year anniversary of the Commencement Date. The base rent shall be $875,000.00 per annum from the commencement of the lease until substantial completion of the alterations and improvements $1,015,000.00 per annum for the first five (5) years from substantial completion, $1,116,500.00 per annum for the following five (5) years and $1,228,150.00 per annum thereafter until the expiration of the term of the lease, payable in equal monthly installments at the end of each month. In addition to the foregoing, within sixty (60) days after the commencement date Tenant shall pay the Landlord a one-time lump sum amount of $14,583.34 per month (prorated for any partial months) for the period beginning on March 12, 2025, and ending on the day immediately preceding the commencement date, representing the difference between the month-to-month rent currently being paid by Tenant under the “Tenant Not a Holdover Tenant” lease provision of the prior lease for the demised premises for the same period, all as more specifically set forth in the lease.
In addition to the payment of base rent, Tenant shall pay to Landlord an annual charge in respect of operating expenses with respect to the Demised Premises and the Building in the amount of $87,500.00 per annum from the commencement date of the lease term until the fifth anniversary thereof; $96,250.00 per annum from the fifth anniversary of the commencement date until the tenth anniversary of the commencement date; and thereafter 105,875.00 per annum until the expiration date of the lease. In addition to the foregoing, within sixty (60) days after the commencement date, Tenant shall pay the Landlord a one-time lump sum amount of $7,291.67 per month (prorated for any partial months) for the period beginning on March 12, 2025 and ending on the day immediately preceding the commencement date, as an operating expenses rent differential payment for such period, all as more specifically set forth in the lease.
The lease may be terminated by the Tenant within the tenth (10th) year of the lease term, provided the Tenant gives the Landlord three hundred and sixty-five (365) days prior written notice.
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.
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 email RESPublicHearingInquiries@dcas.nyc.gov
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.