CityScroll

<p> Pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter, notice is hereby given that the Department of Housing Preservation and Development (&quot;HPD&quot;) of the City of New York (&quot;City&quot;) has proposed the sale of the following City-owned property (collectively, &quot;Disposition Area&quot;) in the Borough of Manhattan:</p> <p> &nbsp;</p> <p> <u>Address</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Block/Lot</u></p> <p> 140 Essex Street &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;354 / 1</p> <p> &nbsp;</p> <p> HPD has designated the New York City Economic Development Corporation (&quot;Sponsor&quot;) as qualified and eligible to purchase and redevelop the Disposition Area under the Senior Affordable Rental Apartments Program. Under the proposed project, the City will sell the Disposition Area to Sponsor for the nominal price of one dollar ($1) per tax lot. The Sponsor will then convey the Disposition Area to Site 8 DSA Owner LLC (&ldquo;DSA 8&rdquo;) for the total consideration of $7,000,000 (comprising the purchase price). &nbsp;DSA 8 will also deliver an enforcement note and mortgage to the City for the remainder of the appraised value (&ldquo;Land Debt&rdquo;).&nbsp; &nbsp;DSA 8 will then construct one new multiple dwelling on the Disposition Area.&nbsp;</p> <p> &nbsp;</p> <p> The completed project will provide approximately 92 units for occupancy by low income seniors, plus one superintendent unit (93 units in total) and approximately 9,645 gross square feet of commercial space.</p> <p> &nbsp;</p> <p> After a minimum of sixty (60) years following completion of construction, any remaining balance of the Land Debt may be forgiven.</p> <p> &nbsp;</p> <p> The appraisal and the proposed Land Disposition Agreement and Project Summary are available for public examination at the office of HPD, 100 Gold Street, Room 5-I, New York, New York on business days during business hours.</p> <p> &nbsp;</p> <p> PLEASE TAKE NOTICE that a public hearing will be held on June 21, 2017 at 1 Centre Street, Manhattan, 20^th Floor, Room D &nbsp;at 10:00 a.m., or as soon thereafter as the matter may be reached on the calendar, at which time and place those wishing to be heard will be given an opportunity to be heard concerning the proposed sale of the Disposition Area pursuant to Section 695(2)(b) of the General Municipal Law and Section 1802(6)(j) of the Charter.</p> <p> &nbsp;</p> <p> Individuals requesting sign language interpreters should contact the Mayor&#39;s Office Of Contract Services, Public Hearings Unit, 253 Broadway, Room 915, New York, New York 10007, (212) 788-7490, no later than five (5) business days prior to the public hearing.&nbsp; TDD users should call Verizon relay services.</p>