NY Office of State Comptroller #L000041

Lease Extension Award for 55 Elk Street, Albany, NY Government Office Space

This award notice details a lease extension for government office space in Albany, NY: - Government Buyer: - Legislative Bill Drafting Commission (New York State agency) - Vendor: - 55 Elk Street Albany LLC - Products/Services Requested: - Lease of office space at 55 Elk Street, Albany, NY - No specific products or part numbers; service is for government office use - Quantity: 1 lease agreement - Contract Value: - Original value: approximately $5.06 million - Amended total value: approximately $14.89 million - Period of Performance: - Lease extended by 15 years, now through June 30, 2039 - Unique/Notable Requirements: - Long-term lease extension for a single, specified property - No other OEMs or vendors involved; sole-source lease arrangement - Place of Performance: - 55 Elk Street, Albany, NY (government office location)

Description

This contract is a lease agreement managed by the Legislative Bill Drafting Commission for the property located at 55 Elk Street, Albany, NY. The original contract started on March 31, 2021, and was set to end on April 30, 2024, with an initial value of approximately $5.06 million. An amendment was made on March 18, 2024, extending the lease for an additional 15 years until June 30, 2039, increasing the total contract value to about $14.89 million. The contract covers leasing services for the specified property in Albany, NY.

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