Public Hearings · Public Hearings and Meetings
FOR LEASE - 31 - 00 47th Avenue
- Agency
- Citywide Administrative Services published by agency
- Published
- 2026-10-30T00:00:00.000
- Event
- 2026-11-10T10:00:00.000
Notice text
<p><span style='font-size:12pt'><span style='font-family:' times='' new='' roman',serif'=''><strong><span style='font-size:11.0pt'><span style='font-family:' arial',sans-serif'=''>NOTICE IS HEREBY GIVEN THAT A REAL PROPERTY ACQUISITIONS AND DISPOSITIONS PUBLIC HEARING</span></span></strong><span style='font-size:11.0pt'><span style='font-family:' arial',sans-serif'=''>, in accordance with Section 824 of the New York City Charter, will be held on November 10, 2026, at 10:00 a.m. via Conference Call No. 1-646-992-2010, Access Code 2342 243 5265.</span></span></span></span></p><p style='text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><strong><span style='font-family:' arial',sans-serif'=''>IN THE MATTER </span></strong><span style='font-family:' arial',sans-serif'=''><strong>OF</strong> a lease for the City of New York, as tenant, on the Partial Ground, Partial Second, and Partial Third floors of the building located at 31-00 47th Avenue (Block 281 & Lot 1) in the Borough of Queens for the General Support Staff of the New York City Human Resources Administration to use as an office, or for such other use as the Commissioner of the Department of Citywide Administrative Services may determine.</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>The proposed use was approved by the City Planning Commission pursuant to NYC Charter Section 195 on 1/8/2014 (CPC Appl. No. N 140215PXQ, Public Hearing Cal. No. 22).</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>The proposed lease shall be for a period of twenty (20) years from the Substantial Completion of alterations and improvements, at an annual rent of $5,927,550 for the first five (5) years, $6,520,305 for the following five (5) years, $7,113,060 for the following five (5) years, and $7,705,815 for the last five (5) years, payable in equal monthly installments at the end of each month. Rent for the first Thirteen (13) months from substantial completion is abated.</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>Tenant shall have a one-time right to terminate the Lease effective as of the tenth (10) anniversary or (12) twelfth anniversary of the Rent Commencement Date, which is thirteen (13) months after substantial completion provided the Tenant gives the Landlord not less than twelve (12) months prior written notice. In the event that the lease is terminated by the Tenant, the Tenant shall reimburse the Landlord for the unamortized portion of the remaining term, on a straight-line basis over a 20-year amortization schedule of Landlords costs using an interest rate of 8% for the (a) brokerage fee, (b) landlord Contribution (excluding Base Building work) and (c) any rent abatement.</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>The Tenant shall have two (2) successive options to renew the lease for a period of five (5) years at an annual rent equal to 95% of Fair Market Value Rent.</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>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 $24,424,273, of which the Landlord shall contribute $21,734,350 and the balance up to $2,689,923 will be paid by the Tenant. The Tenant shall reimburse the Landlord for Tenants share of the costs, to be disbursed upon the substantial completion of the alterations and improvements.</span></span></span></p><p style='margin-right:7px; text-align:justify'><span style='font-size:11pt'><span style='font-family:Garamond,serif'><span style='font-family:' arial',sans-serif'=''>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]</span> </span></span></p><p style='text-align:justify'><span style='font-size:12pt'><span style='font-family:' times='' new='' roman',serif'=''><span style='font-size:11.0pt'><span style='font-family:' arial',sans-serif'=''>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.</span></span></span></span></p>