NEW YORK CITY-In a move to reduce overhead and generate revenue, the Metropolitan Transportation Authority and the New York City Economic Development Corp. have issued requests for proposals for the disposition and reactivation of seven properties in Manhattan, Brooklyn, Queens and the Bronx, the organizations unveiled in a joint statement on Wednesday afternoon.

The RFP process comes as a result of the transit agency’s review of its real estate holdings in order to identify opportunities to increase revenues or reduce costs. According to the MTA, the titles to the seven properties are available for redevelopment under a master lease agreement, in which the properties are to be used by the MTA as required for transportation options.

The sites are located at:

• 19 East Houston Street, a triangular lot on the south side of the street between Broadway and Crosby Street in SoHo.
• Gun Hill Road and I-95, a site that had previously been considered for an expansion to the Gun Hill Road Bus Depot.
• 351 East 139^th Street in Mott Haven, a four-story electrical substation in the Bronx.
• 707 East 211^th Street in Williamsbridge, a site zoned for residential or commercial use.
• 851 Avenue I in Midwood, Brooklyn, zoned for residential.
• 379 Van Sinderen Avenue, a parking lot located in East New York’s Industrial Business Zone.
• 103-54 99^th Street in Ozone Park, Queens, a 5,000-square-foot parking lot zoned for light industrial and other commercial uses.

In addition to these dispositions, the MTA is planning the sale or lease of its headquarters at 341, 345 and 347 Madison Ave. in Midtown and 370 Jay St. in Downtown Brooklyn. The organization is currently earning $200 million in recurring annual revenues from leases, licenses and concessions.