Liquidity Services Brands
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.
$17,055.00 USD
Closes:
40d10h(Oct 01, 2025 01:00 AM UTC)
$200.00 USD
Bid IncrementSales/Lot Type:
Online Auction
Location:
New York, New York, USASubject to an auto-extension of the auction end time.
Possible Bad Bid
The Minimum Bid is USD 17,055.00.
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
Description
Lot#
27897-10
Condition
Used/See Description
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
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
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.
Additional Information
First time bidding? Please review our Terms and Conditions.
For further assistance please review our Frequently Asked Questions.