Saying Farewell to an Old Friend

An historic agreement was reached this week among the City, the MTA, and academic institutions to transform NYC Transit's former headquarters into the NYU Center for Urban Science and Progress.

"For many years, 370 Jay Street served as the headquarters of the NYC Transit Authority," said MTA Chairman and CEO Joe Lhota. "Everyone at the MTA is proud that the building will be repurposed as New York University's Center for Urban Science and Progress -; a new business and science incubator in downtown Brooklyn."

370 Jay Street Building image

After signing a lease in 1998 to relocate to 2 Broadway, NYC Transit gradually vacated 370 Jay Street with the move substantially completed near the end of 2006. Approximately 250 people, however, still report to Jay Street today occupying approximately 7 percent of the building.

The MTA and NYPD will begin relocating their operations and equipment from 370 Jay Street in the fall of 2012. NYU will be responsible for the $50 million cost associated with the relocation of the MTA equipment and the up to $10 million cost associated with the relocation of the NYPD equipment. NYU would begin the first phase of their construction work on the 370 Jay Street building in the fall of 2014. The MTA would be expected to fully complete relocation in the spring of 2016.

With the transformation of 370 Jay Street goes a piece of history. The building also formerly housed NYCT’s cash-handling facilities — counting rooms, platforms, tunnels and sub-level subway money train portals that are still relatively intact.

However, after the switch from tokens to MetroCards, NYCT gradually transitioned from the use of money trains to armored surface vehicles around 2005. The Revenue Collection Operation relocated from the building in January 2006.