The General Services Administration Public Buildings Service has awarded a sole-source lease extension contract for 82 structured parking spaces in New York, NY on July 21, 2026, with an estimated total value of $1,547,832.

The justification cites 41 U.S.C. 3304(a)(1) and GSAR 570.405 as authority for sole-source extension based on documented organizational uncertainties regarding the FBI's long-term parking needs and potential future relocation to federally controlled space. The FBI previously occupied 125 surface parking spaces but reduced the requirement to 82 following relocation of 43 vehicles to a federally owned garage at 26 Federal Plaza. The parking location is critical to FBI operations due to proximity to two federal buildings (26 Federal Plaza and 290 Broadway) and the agency's mission requirement for self-parking capability. The contracting officer certified the extension as in the government's best interest to avoid operational disruption while awaiting clarification of long-term parking requirements or federal space availability.

The lease extends the current contract (Lease Number LNY00603) for 36 months commencing August 1, 2026. Annual costs are $509,856 in year 1 ($509 per space), $515,616 in year 2 ($524 per space), and $531,360 in year 3 ($540 per space), reflecting a 3% annual increase. Market research conducted June 22, 2026 confirmed these rates are fair and reasonable within the current market range.

JOFOC for Parking in New York, NY

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