New York City Awards Parking and Storage License Agreement to Silvercup Studios
DOT s Office of Cityscape & Franchises has awarded a License Agreement ( License ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to Silvercup Studios NY, LLC, whose address is 4060 Ince Boulevard, Culver City, CA 90232 for business accessory parking and storage activities at property under…
Source ID: us-nyc-current-solicitations-20250623019
Scope overview
DOT s Office of Cityscape & Franchises has awarded a License Agreement ( License ), pursuant to Section 1-16 of the Concession Rules of the City of New York, to Silvercup Studios NY, LLC, whose address is 4060 Ince Boulevard, Culver City, CA 90232 for business accessory parking and storage activities at property under the jurisdiction of the DOT that is located at SE corner of Queens Plaza South and 22nd Street in Queens (block 426, lot 10; the Licensed Premises ).
The term of the License will provide for one (1) twenty-year term, commencing upon written Notice to Proceed. Compensation to the City will be $360,000 in the first year, which shall increase annually by 3.5% for the first 10 years of the term.
In year 10 of the term, the license fee will be reset based on a fair market value appraisal for year 11 of the term and shall thereafter increase 3.5% annually for the remainder of the term. Agency: Transportation Status: Award
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