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 October 8, 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, of the entire fifth floor, part of the sixth floor and dedicated loading dock in the building located at 24-02 49th Avenue (Block 71 & Lot 1005) and part of the ground floor of the building located at 25-20 Borden Avenue (Block 68 & Lot 55) in the Borough of Queens for the Department of Environmental Protection to use as office, laboratory, storage, and parking, 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 February 7, 2024 (CPC Appl. No. C 240068 PCQ, Public Hearing Cal. No. 25).
The proposed leases shall commence upon Substantial Completion of the alterations and improvements and expire on the last day of the 20th year from the rent abatement period of six (6) months following Substantial Completion; the annual rent for the first five (5) years shall be $11,603,010, $12,763,311 for the following five (5) years, $14,039,642.10 for the next five (5) years, and $15,443,606.31 through the Lease expiration, payable in equal monthly installments at the end of each month.
The lease may be terminated on or after the tenth (10th) anniversary of the Rent Commencement Date by the Tenant, in whole or in part consisting of (i) the entire lease, (ii) the entire 5th floor, or (iii) the entire leased portion of the 6th floor, provided the Tenant gives the Landlord eighteen (18) months’ prior 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 and Landlord brokerage commissions and rent abatement. In the event of a partial termination, Tenant shall also surrender certain portions of the dedicated loading dock.
The Tenant shall have three (3) options to renew the lease for a period of ten (10) years each at 100% of the then fair market value rent.
The Tenant shall have the right of first offer to lease the remaining contiguous space on the sixth floor and the loading dock at 24-02 49th Avenue (Block 71 & Lot 7501) at the then current rental rate following the second anniversary of the rent commencement date.
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 total cost of the final architectural plans and engineering plans for the Tenant Work and the Tenant Work shall not exceed $105,375,625 which will be paid by the Tenant. The Tenant shall reimburse the Landlord for this amount, in addition to the Tenant’s contribution to base building work upgrade costs in the amount of $15,824,375, to be disbursed via construction period payments.
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.