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New York City DOT 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-20250623021

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 approximately 140 feet north of the northwest corner of 43rd Avenue and 22nd Street in Queens (block 427, part of lot 25; 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 $72,000 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

Statusawarded
CategoryGoods
CountryUnited States
Publish dateJun 27, 2025
Submission deadline
Estimated value
Notice typeaward_notice
Sourceus-nyc-city-record-procurement-transportation
BuyerTransportation
Buyer websitehttps://data.cityofnewyork.us/
CityNew York

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OrganizationTransportation

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parking licensestorage activitiesDOT agreementSilvercup StudiosQueens propertyconcession rulesbusiness accessorycity license
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