RFP-2014-001 - COMMERCIAL REAL ESTATE MARKETING SERVICES

Summary of Specifications:
Broome County has authorized the sale of real properties located at 181 & 185 Clinton Street in the City of Binghamton (Tax Map Nos. 160.22-1-4 & 3) as a single economic unit. The property located at 181 Clinton Street is a one-story masonry building currently occupied by the Broome County Department of Motor Vehicles (DMV). The property 185 Clinton Street is an adjacent parking lot supplying approximately 8 spaces. The County intends to relocate the DMV offices from 185 Clinton Street to the Greater Binghamton Regional Transportation Center at 81 Chenango Street in Binghamton. The relocation is expected to occur during the first quarter of 2014, and will make 181 & 185 Clinton Street surplus properties. The properties (sold as a single economic unit) were recently appraised at $190,000. The County is seeking a qualified broker to market these properties in order to maximize revenue from the sale of these properties. The County’s goal is to execute sales of these properties pursuant to Section 215 of New York State County Law, which requires public surplus property to be sold only to the highest responsible bidder after public advertisement.