Vault
NYC rules define a vault as any opening below the surface of the street and outside the property line that is covered over, with rules addressing licensing and when a revocable consent is required (for vaults extending beyond certain sidewalk/curb lines). Vaults are a common NYC subsurface condition relevant to redevelopment, especially in older commercial corridors.
- Where it applies
- New York City
- When it comes up
- Due diligence; design; permitting
- Property types
- NYC commercial and mixed-use; legacy buildings
In practice
Vault conditions can affect foundation design, utility relocations, and right-of-way compliance; operators often elevate vault mapping into early civil diligence.
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Related terms
Public Policy and Land Regulation
- Concession
- County Planning Referral (General Municipal Law §239-m)
- Franchise
- Landmark Designation Criteria
- Landmark Designation Process
- Request for Proposals (RFP)
- Request for Qualifications (RFQ)
- Revocable Consent
General information, not legal, tax or financial advice.