Capstone On-Campus Management, LLC Property Management for CUNY
Cuny Bronx Community CollegeHigher Ed · Bronx, NY- Disclosed value
- 2% of the portion of gross revenues of the Project that are equal to or are less than $9,500,000, plus (y) 3% of any portion of gross revenues of the Project that exceed $9,500,000 in such Lease Year; (ii) Annual Institution Fee payable to Educational Housing Services for its participation in the Project: an amount equal to 3.5% of gross revenues of the Project in such Lease Year
- From agenda
- Document date
- Jun 24, 2024
The 30-second brief
CUNY is planning to sign a five-year property management agreement with Capstone On-Campus Management, LLC for The Towers at City College of New York. The contract includes a management fee payable to Capstone and an annual institution fee payable to Educational Housing Services.
Capstone Oncampus Management holds this property management contract with Cuny Bronx Community College. Its other public contracts on record include work for Cuny System Office.
Term as filed: 5 years + two additional terms, with the first extension option being for a term of five (5) years and the second option being for a term of four (4) years and one (1) month.
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Contract details
- Contract type
- Property Management
- Amount
- 2% of the portion of gross revenues of the Project that are equal to or are less than $9,500,000, plus (y) 3% of any portion of gross revenues of the Project that exceed $9,500,000 in such Lease Year; (ii) Annual Institution Fee payable to Educational Housing Services for its participation in the Project: an amount equal to 3.5% of gross revenues of the Project in such Lease Year
- Document date
- June 24, 2024
- Term
- 5 years + two additional terms, with the first extension option being for a term of five (5) years and the second option being for a term of four (4) years and one (1) month
- Source document
- cuny-bronx-community-college-agenda-2024-06-24_feb.pdf (Agenda)
Capstone Oncampus Management's other public contracts
More Cuny Bronx Community College contracts
Questions about this contract
Who was awarded the property management contract by Cuny Bronx Community College?
Capstone Oncampus Management was awarded this property management contract by Cuny Bronx Community College, as recorded on June 24, 2024. The contract value is 2% of the portion of gross revenues of the Project that are equal to or are less than $9,500,000, plus (y) 3% of any portion of gross revenues of the Project that exceed $9,500,000 in such Lease Year; (ii) Annual Institution Fee payable to Educational Housing Services for its participation in the Project: an amount equal to 3.5% of gross revenues of the Project in such Lease Year.
How much is the Capstone Oncampus Management contract with Cuny Bronx Community College worth?
The Capstone Oncampus Management contract with Cuny Bronx Community College is valued at 2% of the portion of gross revenues of the Project that are equal to or are less than $9,500,000, plus (y) 3% of any portion of gross revenues of the Project that exceed $9,500,000 in such Lease Year; (ii) Annual Institution Fee payable to Educational Housing Services for its participation in the Project: an amount equal to 3.5% of gross revenues of the Project in such Lease Year, covering property management work.
What type of contract is this?
This is a Property Management contract, documented as a agenda record.
Where was this contract approved?
This contract appears in cuny-bronx-community-college-agenda-2024-06-24_feb.pdf (Agenda), dated June 24, 2024 from Cuny Bronx Community College. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Capstone Oncampus Management hold?
Capstone Oncampus Management may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Cuny Bronx Community College currently buying?
Explore Cuny Bronx Community College's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.