MTA Real Estate Department
NYC Disposition & Development Opportunities, Presentation to MTA Finance Committee, Sept 26, 2011 - Please click on the title to view presentation.
Retail + Leasing. The Real Estate Department provides amenities to make MTA customers' trips more pleasant and secure. These range from commuter parking lots at railroad stations to newsstands, flower shops, and other retail establishments along the subway and commuter rail lines.
Find out more information about retail and leasing opportunities with the MTA.
Grand Central Terminal. MTA's Grand Central Terminal is a major New York City destination for transportation, shopping, dining, fresh food, public events, and entertainment with over 500,000 visitors every day. The terminal has more than 90 restaurants, retail stores, and food shops.
Vanderbilt Hall, situated adjacent to the Main Concourse of Grand Central, is a spectacular setting for special public and private events including corporate functions, benefits, and exhibits.
Find out more about leasing opportunities and special events at Grand Central Terminal.
Property Acquisition and Sales. In recent years the extension of commuter service, the needs of suburban commuters for more parking space at stations, the rapid growth of bus ridership in the City, and the installation of modern signal and communications systems in the subway have required the acquisition of property. These acquisitions are often a critical prerequisite to construction projects making speed and efficiency as important as technical expertise and economy.
To determine if the MTA would be interested in purchasing property near an MTA facility or right-of-way, please forward your inquiry along with any other relevant information to
Director of Real Estate
Real Estate Department
Metropolitan Transportation Authority
347 Madison Avenue
New York, New York 10017
If we determine that the MTA or any of its operating agencies has an interest in your property, we will contact you.
Occasionally property within the MTA network is available for sale. These properties are advertised in newspapers and posted Retail+Leasingpage. For MTA Real Property Disposition Guidelines, Licensing, and Leasing Policies and Procedures click here.
Advertising and Telecommunications. The MTA Real Estate Department works closely with the private sector to explore new ways and new locations for advertising. For detailed information on how to advertise with the MTA see our advertising page. Examples of this advertising collaboration are "brand cars" that provide a unique opportunity to communicate with the consumer, and illuminated urban panels at street entrances to subway stations, creating a new revenue source while adding to the lighting and passenger security at our entrances.
The MTA also works with the private sector to enhance its telecommunications infrastructure and provide amenities for our customers. For example, a system of pay telephones at every station enhances passenger security and convenience while generating millions of dollars annually to support rail operations. For more details, visit the telecommunications page.
Tenant Management. The MTA's Real Estate Department manages over 4,000 occupancies on its properties in New York from Montauk to Poughkeepsie and as far west as Port Jervis. We also handle license agreements along our right-of-way in Connecticut.
Many tenancies are retail stores, and we strive to ensure that the retail outlets maintain a proper appearance and levels of service and courtesy that will benefit all our customers.
Other tenants do not interact directly with our customers. They handle such things as utility pipes and wires along and across our right-of-way, or use MTA property for various commercial and domestic purposes.
Corporate Leasing. The needs of the vast family of organizations that comprise the MTA often include office or operating space for a limited period of time or in a place where renting is preferable to owning.
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