24-1059

Dept/ Agency: Economic and Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Private Sale/Redevelopment Purpose: To provide new construction of eight (8) three-family homes to provide five (5) affordable residential units and nineteen (19) market rate rental units. Entity Name: DCF Developers, LLC Entity Address: 162 South 8th Street, 3rd Floor, Brooklyn, New York 11211 Sale Amount: $131,040.00 Cost Basis: (X) $13.00 PSF ( ) Negotiated ( ) N/A ( ) Other: Assessed Amount: $158,600.00 Appraised Amount: $0.00 Contract Period: To commence within three (3) months and be completed within twenty-four (24) months following transfer of property ownership from the City to the Redeveloper Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ (X) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 474 Avon Avenue/Block 2643/Lot 8/South Ward 476 Avon Avenue/Block 2643/Lot 7/South Ward 233 South 10th Street/Block 1814/Lot 29/West Ward 235 South 10th Street/Block 1814/Lot 30/West Ward Additional Information: Sale Price: Total Square Footage X PSF = 10,080 X $13.00 = $131,040.00. Sale at prices set forth by Ordinance 6S&Fh, adopted on April 7, 2004, establishing the minimum sale price of City-owned properties.

Resolution Adopted Introduced July 25, 2024

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