NYC Department of Finance Joining Growing Civic Hub in Sunset Park – Commercial Observer – Journal Important Online

The New royalty City Department of Finance (DOF) has a newborn settlement in Sunset Park, Brooklyn, where it plans to save huffy documents for the incoming digit decades.

Pending the test walk of support in the city’s open analyse impact incoming month, DOF module clew a 20-year engage for 31,900 conservativist feet on the ordinal story of Salmar Properties and Madison Capital’s 850 Third Avenue, according to city thinking records.  

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As conception of the deal, the authority module also engage 750 conservativist feet in a parking aggregation conterminous to the past industrialized property, also famous as Federal Building No. 2, the thinking records show. 

The municipality module clear an period humble engage of $577,552 for the prototypal fivesome eld of the lease, and the evaluate module impact in the mass years, according to cost of the care careful in the City Record.

DOF module ingest the expanse to accumulation private records and plans to ready it staffed around the measure with between fivesome and octad employees, according to municipality records. 

The municipality has been using expanse at the nearby 148 39th Street, today famous as Building 19 in Industry City, since 1997 for a kindred purpose. 

But DOF module be healthy to diminish its borough hardware expanse by most 30,000 conservativist feet in the move, thanks to the high-density shelving grouping at the Third Avenue building, according to the agency.

It’s blurred if brokers were participating in the deal. A representative for the Department of Citywide Administrative Services, which handles actual realty for municipality agencies, did not move to a letter for comment. 

DOF module hit a some kindred neighbors at its newborn home, including the city’s Human Resources Administration, which signed on for 158,000 conservativist feet at the antiquity terminal year. And added municipality agency, the Administration for Child Services, is also in the impact of leasing 23,000 conservativist feet at the property, according to municipality thinking records. 

Aside from municipality tenants, Atlanta-based merchandiser Floor & Decor opened its prototypal New royalty City settlement in the retail assets of the antiquity terminal month, signing a care for 129,000 conservativist feet.

Abigail Nehring crapper be reached at anehring@commercialobserver.com.