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  5. ›Queensboro Bridge Ramps Transfer of Development Rights

New York City Economic Development Corporation·New York

Queensboro Bridge Ramps Transfer of Development Rights

Closes 1/4/2027$5M – $15MRequest for Proposal
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Description

The New York City Economic Development Corporation (NYCEDC) is seeking qualified respondents to purchase and transfer approximately 333,000 sq ft of development rights from six city‑owned parcels beneath the Queensboro Bridge ramps to eligible receiving sites. The solicitation calls for proposals that outline a clear path to acquiring these rights, including purchase price, transaction feasibility, and the applicant’s qualifications. The goal is to enable future development while preserving the public interest and complying with city‑wide equity and M/WBE participation policies. • Transfer of development rights from six specific parcels (Block 428 Lots 12, 13, 16; Block 429 Lots 13, 15, 29). • Approx. 333,000 sq ft of zoning floor area to be made available to eligible receiving sites. • Proposals must detail purchase price, feasibility, and respondent qualifications; MWBE participation is strongly encouraged. • Questions due Dec 7 2026; submission deadline Jan 4 2027, 4 PM.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Hugo Job

[email protected]

(212) 618-5462

Key dates

Opened
10/30/2026
Questions due
12/7/2026
Closes
1/4/2027

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
531390
Solicitation №
PIN#11861

Budget estimate

$5,000,000 – $15,000,000

The solicitation does not disclose a budget, but purchasing development rights for 333,000 sq ft in a high‑density, high‑value area of Long Island City could easily run into multi‑million‑dollar territory. Based on comparable land‑value transactions in Manhattan/Queens, a reasonable estimate for the total contract value (including acquisition price and associated consulting services) would be between $5 million and $15 million. Factors influencing the range include the final purchase price per square foot, the scope of feasibility studies, and any MWBE partnership requirements.

AI estimate from the solicitation

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