nyc_council_subcommittee_agenda_sept_2025.pdf
Long-Term Ground Lease Proposed for Lincoln Hospital Site
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Description
The NYC Health and Hospitals Corporation is seeking Council approval to enter into a 49-year ground lease, with two 25-year renewal options, for its long-unused parcel at 349 East 140th Street in the Bronx with The Mott Haven-Port Morris Community Land Stewards. The site would be leased through an affiliate housing development fund corporation for community-serving housing purposes.
Contract Details
Vendor
MOTT HAVEN-PORT MORRIS COMMUNITY LAND STEWARDS
Agency
Department of Probation (DOP), NY
Contract Type
FACILITIES
Document Date
September 18, 2025
Contract Term
49-year ground lease with two 25-year renewal options
Renewal Info
Initial ground lease authorization for 49 years with two 25-year renewal options; total potential lease duration of up to 99 years.
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