NYC 9/11 Public Portal Document
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Abstract of Recommended Property
r.ea.se Abstract
ANTS NO.: 96-1346 DATE: February 20, 1998
NEGOTIATOR: Jeff Kondrat (CB Commercial) LEASE-IN NO.: 2841
ATTORNEY: Jason Cutler
AGENCY: Mayor’s Office of Emergency Management
Program Need: Provide the on-scene coordination at all emergency incidents that require a multi-agency
response. Coordinate all plaiming efforts for threats to New York City, natural,
technological or man made.
# of Employees: 45
PROPOSED LOCATION: 7 World Trade Center Block & Lot: 84/36
Borough: Manhattan Floor: 23 & Pt 7
Neighborhood Downtown
TERM: Commencement upon execution to 1/31/2018.
Termination of Lease: City has the right to cancel after ten (10) years upon mneteen (18) months’ notice.
Penalty. If tenant terminates lease, tenant shall pay the landlord the unamortized portion of and
brokerage commission.
SPACE: 50,065 rentable square feet of space on the entire 23"' floor & part of 7“’ floor.
Rentable, Usable, and Carpetable not yet calculated. Landlord has agreed to use the
City’s rentable but the aggregate rental will not change.
BASE RENT PROPOSED: Negotiated Asking
Gross Per Annum PSF Per Annum
1/1/1999-12/31/2003 $1,401,820.00 $28.00 Years 1 - 5 $33.OO/RSF
1/1/2004-12/31/2008 $1,752,275.00 $35.00 Years 6 -10 $35.00/RSF
1/1/2009-12/31/2013 $1,852,405.00 $37.00 Years 11-15 $38.00/RSF
1/1/2014- 1/31/2018 $2,102,730.00 $42.00 Years 16 - 20 $41.00/RSF
TOTAL FIRST YEAR ESTIMATED COST/SF
Base Rent: $28.00
Real Estate Taxes 0.00
Heating Fuel 0.00
Operating: 0.00
SUBTOTAL $28.00
Electricity: 1.50 • udtMr
TOTAL $29.50
Alterations and Improvements: Total RST,
Total not to exceed amount: $14.287.986.00 $285.39
Landlord contribution: $ 1.661.843.00 $ 33.19
Tenant reimbursement: $12.626.143.00 $252.20
Method of tenant reimbursement: Lump Sum»in progre'ss^avments / /i / \
Landlord will also contribute architectural and consulting fees which are valued at $591,082 ($11.81 psf)
Landlord’s total contribution valued at $45.00 psf.
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