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Real Estate Auctions

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

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.

City of New York Public Lease Auction - March 4 to 10

Public Lease Auction Information: There is an online public lease auction scheduled for Tuesday March 4, 2025 at 9:00 AM until Monday March 10, 2025 at 9:00 PM. 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 Tuesday March 11, 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.

To view offerings or bid, click the below link:

Bidding Portals

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 refundable bid deposit of $2,500 will be required via wire transfer. Wire transfers must be submitted by March 7, 2025 at 5 PM.

For inquiries, further information, or in the event potential bidders do not have access to a computer and would like to make arrangements to utilize a computer at DCAS’ office located at 1 Centre Street, Manhattan for online bid submissions, please contact DCAS at 212-386-0622 or ncrespo@dcas.nyc.gov.

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

  1. Lessee/Licensee Requirements
  2. General Information, Terms and Conditions, Zoning, and FAQs (updated 1/9/2025)
  3. To Bid - Instructions
  4. General Instructions for Disclosure and Reporting Forms
  5. Individual Disclosure Statement for Commercial Leasing
  6. Individual Financial Statement
  7. Partnership/Corporate Disclosure Statement for Commercial Leasing
  8. Resolution of the Board of Directors of Corporation
  9. Incumbency Certificate of Secretary
  10. Corporate Financial Statement
  11. Personal Guarantee
  12. Long-Term Lease Agreement