Restriction: Bidding will end on Sept 30th but wire transfers for Bid Deposits must be submitted by Sept 25, 5pm
Retail Space for Lease - 2 Lafayette St. North Side at Duane St.
(Oct 01, 2025 01:00 AM UTC)
$500.00 USD
Bid IncrementOnline Auction
Location:
New York, New York, USADescription
| Condition | Used/See Description |
| Lot Number | 27897-10 |
Bidding begins on Monday September 29, 2025 at 9:00am and ends on Tuesday September 30, 2025 at 9:00pm. To bid at the auction, a bid deposit of $2,500 (refundable per the Terms and Conditions) will be required via wire transfer. Wire transfers must be submitted by Thursday September 25, 2025 at 5pm. BID AMOUNT REPRESENTS YOUR MONTHLY RENT PAYMENT
PREMISES ADDRESS: 2 Lafayette Street (North Side)
LOCATION: at the corner of Duane Street
BOROUGH: Manhattan
BLOCK: 155
LOT: Part of Lot 1
PROPERTY TYPE: Ground floor retail
SQUARE FOOTAGE: Approximately 3,314 square feet on the first floor
USE: Retail
ZONE: C6-4
LEASE TERM AND RENEWAL TERMS:
Prior to the execution of the lease, the highest qualified bidder will have the option to choose either a:
MIN. MONTHLY BID: $17,055
NOTE: The monthly rent payment includes PILOT (Payment in Lieu of Taxes)
RATE OF INCREASE: Beginning on the first anniversary of the lease commencement date, the monthly rent shall increase by the greater of three percent (3%) per annum, compounded each year of the Lease Term, including the Renewal Term, if applicable; or a Consumer Price Index adjustment, compounded each year of the Lease Term, including the Renewal Term, if applicable.
SPECIAL TERM AND CONDITION: At the request of the highest qualified bidder, DCAS may waive base rent payment for up to six calendar months from commencement date. Tenant acknowledges that during the base rent concession period, tenant’s use of the premises shall be for the sole and exclusive purpose of conducting architectural, engineering, and construction work of a nonstructural nature to prepare the premises for occupancy pursuant to the lease.
Please see Special Instructions below for additional important information.
Attachments
Q & A
Can the property be used to operate a licensed dispensary? 09/16/2025 14:06:48 PM
No, the property cannot be used to operate a licensed dispensary. The sale of any products containing cannabis, cannabinoid hemp, and cannabis products is a prohibited use, as indicated in Article 4 of the lease agreement, which is posted on the DCAS auction website at nyc.gov/realestateauctions. 09/16/2025 14:08:43 PM
Can the 3,314 square foot north space be used for an indoor tennis/pickleball business? What is the ceiling height, and do you have a floorplan or photos available that show location of columns? 09/16/2025 14:07:07 PM
It is recommended that you visit the DCAS real estate auctions website, nyc.gov/realestateauctions, where you can view the lease agreement listed as document m ("Long-Term Lease Agreement") (in particular please refer to Article 4 ("Permitted Use")), zoning information listed as document c ("General Information, Terms and Conditions, Zoning, and FAQs") (in particular please refer to "Zoning Information" at pp. 13-14), and other relevant information. As noted on the bidding portal for the space, which can be accessed via nyc.gov/realestateauctions at the link entitled Retail Space for Lease - 2 Lafayette St. North Side at Duane St. | GovDeals, the space is located in a C6-4 zoning district 09/16/2025 14:11:12 PM
Do you have photos indicating the column locations? 09/18/2025 14:11:42 PM
Photos are available for viewing on the bidding portal for the space, which can be accessed via nyc.gov/realestateauctions at the link entitled Retail Space for Lease - 2 Lafayette St. North Side at Duane St. | GovDeals. Some of the columns are visible in some of the photos 09/18/2025 14:14:53 PM
What is the ceiling height? Do you have floor plans indicating the column locations? 09/18/2025 14:11:59 PM
The auction marketing brochure is listed as document a ("Marketing Brochure") on the DCAS real estate auctions website, nyc.gov/realestateauctions. On page 6 of the brochure, an image of the floor plan has indications of where the columns are, as well as approximate dimensions of the space and approximate ceiling heights; also please note that the maximum height in the north space between the beams is approximately 17'7". However, bidders should verify all measurements. It is recommended that you come to a showing (the one remaining showing is on Thursday, September 18 from 11AM to noon as indicated on page 8 of the brochure) or schedule an appointment to view the space, and it is further recommended that you consult with a licensed design professional such as an architect or engineer. 09/18/2025 14:15:23 PM
Seller Information
Seller:
Item Location:
Account Type:
Government
Inspection
4 Showings: Prospective bidders will be permitted to inspect the Property on
- Tuesday, August 19, 2025 from 11:00am-12:00pm
- Wednesday, August 27, 2025 from 10:00am-11:00am
- Wednesday, September 10, 2025 from 1:00pm-2:00pm
- Thursday, September 18, 2025 11:00am-12:00pm
WHILE THE CITY WILL MAKE A REASONABLE EFFORT TO PROVIDE ACCESS, THERE MAY BE INSTANCES WHERE ACCESS IS NOT AVAILABLE. ACCESS IS NOT A PRE-CONDITION OF LEASE. PERSONS INSPECTING THE PROPERTY MUST BE AT LEAST 18 YEARS OF AGE.
Payment
Apparent Winning Bidder is responsible for paying a one-time auction fee equal to 5.25% of the Monthly Bid Rent to GovDeals. For payment information and methods, click here.
For lease payments and deposits to DCAS, see Paragraph 4 of the Terms & Conditions.
Removal
N/A
Special Instructions
To bid at the auction, a bid deposit of $2,500 (refundable per the Terms and Conditions) will be required via wire transfer. Wire transfers must be submitted by Thursday September 25, 2025 at 5pm. The Bid Deposit is refundable after the auction closes and the Apparent Highest Bidder has been posted on nyc.gov/realestateauctions.
Prospective bidders are advised that at the time of bidding, this property may be occupied on a month-to-month basis. However, the property will be vacated and a lease will be delivered to the highest qualified bidder within sixty (60) days of the auction or said bidder will have the option of withdrawing its bid without penalty any time thereafter and all funds held by DCAS on account will be promptly returned to said bidder. If said bidder elects to not withdraw its bid after the initial sixty (60) day period, DCAS will continue to make good faith efforts to obtain exclusive possession of the property in order to deliver a lease.
Prospective bidders are advised that pursuant to Article 4B of the proposed lease, Tenant’s use of the Premises shall be in complete conformity with the Certificate of Occupancy and any other applicable laws, rules and regulations. However, prospective bidders are further advised that the tenant may not make any changes or modifications to the Certificate of Occupancy.
Prospective bidders are advised to thoroughly research the premises and encouraged to attend at least one onsite showing of the premises to ensure that the premises is likely to be suitable for their intended or proposed use. Bidders are responsible for resolving any uncertainty they might have regarding whether the premises is suitable for their intended or proposed use without additional accommodations, systems, and/or infrastructure. By placing a bid, the bidder affirms that any such uncertainties have been resolved to the bidder’s satisfaction.
Prospective bidders are advised that, consistent with Paragraph 16(a) of the Terms and Conditions, leases are being offered for properties in their “as is” condition and DCAS has made no representation with respect to the physical condition of the properties or the suitability of the properties for any specific use. The Terms and Conditions, and any Special Terms and Conditions contain complete information on the terms of auction. Prospective bidders are urged to read them carefully. IF YOU DO NOT UNDERSTAND THE LEGAL SIGNFICANCE OF THIS NOTE, PLEASE CONTACT A REAL ESTATE PROFESSIONAL.
Bid History
Bid History refreshes automatically
Asset ID 10 / Bids 47
es*****
October 01, 2025 12:32 AM UTC
USD 26,000.00High Bidder
an*****
October 01, 2025 12:32 AM UTC
USD 25,500.00
es*****
October 01, 2025 12:28 AM UTC
USD 25,000.00
an*****
October 01, 2025 12:28 AM UTC
USD 24,800.00
es*****
October 01, 2025 12:27 AM UTC
USD 24,600.00
Additional Information
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For further assistance please review our Frequently Asked Questions.