Former HPD Office Buildings in the Bronx and Brooklyn Made Available As-Is For Commercial Use or Redevelopment
The New York City Department of Housing Preservation and Development (HPD) announced today that beginning on June 10, 2013 it will be offering two small commercial office buildings for sale through the agency’s Asset Sales Program, in as-is condition. Located at 151 East Tremont Avenue in the Bronx and 27 Hooper Street in Brooklyn, the two properties are being offered to the general public through a Request for Offers (RFO), and will be sold to the highest responsible applicants, subject to the City’s land use approval procedures. Due to their size and zoning restrictions at 27 Hooper Street, these office buildings are not suitable for residential use or redevelopment as affordable housing.
HPD’s Asset Sales Program allows the agency to dispose of city-owned residential and commercial properties that are not appropriate for its affordable housing programs in order to return them to responsible private ownership. Both buildings are former field offices for HPD’s Division of Enforcement and Neighborhood Services (ENS). Those ENS operations in the buildings were consolidated in other offices within their respective boroughs to enhance efficiency and improve public accessibility.
Located in the Tremont section of the Bronx, 151 East Tremont Avenue is a two-story building with approximately 13,500 square feet of commercial space. It is located at the corner of East Tremont and Creston Avenues, just off of East 178th Street. The lot area is approximately 6,750-square feet, and the zoning is R8.
Located in the Williamsburg section of Brooklyn, 27 Hooper Street is a three-story building with approximately 23,900 square -feet of floor area. It is located at the corner of Hooper Street and Wythe Avenue. The lot area is approximately 7,950 square feet, and is in an M1-2 zoning district.
Both buildings are in good condition and offer an opportunity for small businesses and community organizations to establish their footprint in the area. The successful purchasers may also take the buildings down and redevelop the lots. Purchasers are not permitted to sell, transfer or exchange buildings within five years of purchase without HPD approval. Offers must include information such as financing to purchase the buildings, and plans and financing for rehabilitation or redevelopment if applicable. HPD will not provide any subsidies or financial incentives related to the sale, rehabilitation, or redevelopment of these properties.
The RFO is open to the general public beginning today, June 10, 2013 with all responses due on July 25, 2013. For more information and to download a copy of the RFO, visit HPD’s website at: http://www.nyc.gov/html/hpd/html/developers/rfp.shtml. Interested parties may also call 212-863-6446 for more information.
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About the NYC Department of Housing Preservation and Development (HPD):
HPD is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and viable neighborhoods for New Yorkers through education, outreach, loan and development programs and enforcement of housing quality standards. It is responsible for implementing Mayor Bloomberg’s New Housing Marketplace Plan to finance the construction or preservation of 165,000 units of affordable housing by 2014. Since the plan’s inception, more than 147,890 affordable homes have been created or preserved. For regular updates on news and services, connect with us via www.facebook.com/nychpd and www.twitter.com/nychousing. For more information, visit our website at www.nyc.gov/hpd.