FACILITIESAPPROVED

NYC-City University Construction Fund Awards Facilities Contract to City University of New York (December 2025)

The City University Construction Fund approved entering into a 50-year Lease Agreement with the City University of New York for condominium units at 40 Rector Street. CUNY will pay net rent and assume full responsibility for operating and maintaining the leased condominium units.

Document date · December 17, 2025

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Derivita logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract type
FACILITIES
Contract term
50 years
Renewal date
2075-12-17
Renewal
Lease Agreement term is fifty years; any subsequent material modifications to the Lease Agreement terms must be submitted to the CUCF Board of Trustees for review and approval. Renewal options beyond the initial 50-year term are not specified in the resolution.
Document type
Resolution
Source document
City University Construction Fund Resolution Authorizing Acquisition of Condominium Units at 40 Rector Street 2025-12-17

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by NYC-City University Construction Fund?

City University of New York was awarded this facilities contract by NYC-City University Construction Fund, as recorded on December 17, 2025.

What type of contract is this?

This is a Facilities contract, documented as a resolution record.

Where was this contract approved?

This contract appears in City University Construction Fund Resolution Authorizing Acquisition of Condominium Units at 40 Rector Street 2025-12-17 (Resolution), dated December 17, 2025 from NYC-City University Construction Fund. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does City University of New York hold?

City University of New York may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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