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Real Estate Auctions

DCAS holds public real estate auctions to sell, lease, or license surplus City-owned real estate.

Two Retail Spaces for Lease graphic
 

Public Sales Auction Information: There is no public sales auction scheduled at this time for the purchase of City-owned surplus properties. Please check back periodically for updates.

Public Lease Auction Information: There is an online public lease auction scheduled for Monday, September 29, 2025 at 9:00am until Tuesday, September 30, 2025 at 9:00pm. In order to place a bid for a parcel in the auction, the bidder must submit a bid deposit for that parcel via wire transfer by Thursday, September 25, 2025 at 5:00pm. Each parcel description will contain relevant information with respect to minimum monthly bid rent, zoning, borough-block-and-lot number (“BBL”), street address, and approximate square footage. For parcel descriptions and instructions on how to bid, please see “To Bid - Instructions”, below. The apparent highest bidders will be identified on Wednesday October 1, 2025 and such bids will be subject to a due diligence process. Auction results will also be posted below. The City intends to award bids to the highest eligible bidders.

About the Auction:

Prior to the auction, carefully read and be certain that you understand the Terms and Conditions and any Special Terms and Conditions that apply to certain parcels. NOTE: to bid at the auction, a bid deposit of $2,500 (refundable per the Terms and Conditions) will be required via wire transfer. Wire transfers must be submitted by Thursday September 25, 2025 at 5pm.

The following is a list of all lease auction related documents:

  1. Marketing Brochure (pdf)
  2. Lessee/Licensee Requirements (pdf)
  3. General Information, Terms and Conditions, Zoning, and FAQs (pdf)
  4. To Bid - Instructions (pdf)
  5. General Instructions for Disclosure and Reporting Forms
  6. Individual Disclosure Statement for Commercial Leasing (pdf)
  7. Individual Financial Statement (pdf)
  8. Partnership/Corporate Disclosure Statement for Commercial Leasing (pdf)
  9. Resolution of the Board of Directors of Corporation (pdf)
  10. Incumbency Certificate of Secretary (pdf)
  11. Corporate Financial Statement (pdf)
  12. Personal Guarantee (pdf)
  13. Long-Term Lease Agreement (pdf)