FOR LEASE - 1664 PARK AVENUE

Description

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 September 23, 2026 at 10:00 A.M. via Conference Call No. 1-646-992-2010, Access Code 717 876 299. IN THE MATTER of a renewal of the lease for the City of New York, as tenant, on the ground floor of the building located at 1664 Park Avenue, (Block 1623 & Lots 35) in the Borough of Manhattan, New York for the Community Board 11 to use as a walk-in service center, 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 October 12, 2010 (CPC Appl. No. N 110075 PXM; Public Hearing Cal. No. 5). The renewal term of the lease shall commence upon full lease execution and shall expire 10 years from the date of Substantial Completion but not longer than 21 years from the commencement date. The rent shall be $80,622.52 from the commencement date until Substantial Completion at which time the rent will increase to $89,100.00 per annum for the first five (5) years and $98,010.00 per annum for the following five (5) years. The renewal of the lease may be terminated by the Tenant at the end of the 4th year, or at any time, thereafter, provided the Tenant gives the Landlord 90 days prior written notice. Tenant shall have one (1) option to renew the Lease for a period of five (5) years at an annual rent of 95% of the then Fair Market Value Rent. 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 & Tenant 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 [email protected] If you need further accommodations, please let us know at least five business days in advance of the Public Hearing via email at [email protected] or via phone at 212-298-0734.