Notice of Award of a License Agreement (License) for business accessory parking and storage activities at property under the jurisdiction of the New York City Department of Transportation
About This Opportunity
Supplies contract awarded by Transportation (United States): Notice of Award of a License Agreement (License) for business. transport & logistics. Awarded to.
This is a supplies contract in the transport and logistics sector, with a focus on Warehousing. Located in United States, North America, this opportunity is open to firms and consortiums.
Published through NYC City Record, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for the supply of goods in the transport and logistics sector. Supply contracts typically require bidders to demonstrate product compliance with technical specifications, delivery capacity, and relevant certifications. This contract has already been awarded. The information is published for transparency and market intelligence purposes.
Description
DOTs 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 at SE corner of Queens Plaza South and 22nd Street in Queens (block 426, lot 10; 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 $360,000 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
Category: Goods and Services
Selection Method: Sole Source
PIN: 4261
Data provenance
This notice is sourced from NYC City Record and was originally published on June 27, 2025. Last refreshed 4 days ago. BidsFactory mirrors official procurement notices and links back to the source for full legal text.
About Transportation
Transportation has issued 1,029 procurement notices on BidsFactory, including 32 currently open and 646 awarded contracts. Activity concentrates in Transport & Logistics, Construction & Civil Works, and Governance & Public Administration. All notices are published for United States. Notices are distributed via NYC City Record, South Carolina SCEIS, and NYC Open Data. Most recent publication: June 16, 2026.
Frequently asked questions about this tender
Where will the contract be performed?
The contract is for delivery in United States. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.
How can I submit a bid?
Visit NYC City Record to access the full notice, required documents, and submission instructions provided by the contracting authority.
Is this tender still open?
No โ the contract has already been awarded to Silvercup Studios NY, LLC. The award notice is archived on BidsFactory for transparency and market intelligence.
Who is the contracting authority?
This notice was issued by Transportation in United States. The authority is responsible for evaluating bids, awarding the contract, and managing performance.
What type of contract is this?
This is a Supplies contract in the Transport & Logistics sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.
How much was the contract awarded for?
Silvercup Studios NY, LLC was awarded the contract for $10,180,698. The figure reflects the value disclosed by the contracting authority in the award notice.
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