NYC 9/11 Public Portal Document
ARC Package
TOTAL FIRST YEAR COST/SF
Base Rent: $28.00
Real Estate Taxes 0.00
Heating Fuel 0.00
Operating: 0.00
SUBTOTAL $28.00
Sprinkler: 0.00
Electricity: 1.50
TOTAL $29.50
Alterations and Improvements: The Landlord shall contract consulting services during the license period
which will allow the City to fast-tract project and take occupancy ASAP.
The Landlord will prepare final architectural and engineering plans and make
the alterations and improvements in accordance with preliminary architectural
plans and specifications prepared by the Division of Real Estate Services and
approved by the agency. Landlord shall contribute $45.00 psf to the cost of
plans and improvements. Tenant to reimburse landlord for the balance of the
Tenant work, up to a total cost not to exceed $.
Market Justification:
Alternative Sites: See attached
Market Comparable: See attached
Landlord; Silverstein Properties
Address: 120 Broadway
New York, New York 10271
Telephone Number: (212) 732-9700
Real Estate Taxes: Escalated above base year 1997/98-based on review of PILOT*
Operating Expenses: Escalated above base year-1998
Cleaning: Included
Asbestos: If found, landlord will remove
City Sites: No City-owned sites found suitable for this requirement
Status 195 Approval: Agency is preparing
*NOTE: Landlord will request the elimination of the PILOT payment due to the City’s occupancy. If approved, that would
result in a $3.70 tp $4.00 psf reduction in base rent.
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