370 Jay Street

History, Transportation

In order to collect fares from various stations, the MTA created a special armored train that moved all the subway and bus fares collected to a secret room at 370 Jay Street in Downtown Brooklyn. As Untapped Cities learned, the money trains, which ran from 1951 to 2006, had 12 collecting agents and one supervisor, all of whom were armed and wearing body armor. After the Metrocard arrived, the revenue collection system changed, and the final armored train rode in January 2006 on the same day the Money Room closed.

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Downtown Brooklyn, New Developments

In 2012, NYU signed a 99-year lease for the Downtown Brooklyn building at 370 Jay Street, a former MTA headquarters. Two years later, the University opened its Tandon School of Engineering in the neighborhood, and now that 5,212 students are enrolled, NYU is moving ahead with a $500 million renovation, restoration, and expansion of the Jay Street building, adding 500,000 square feet of space for areas of study such as computer coding, video game design, and digital forensics. The Daily News first shared the news, and they report that the new facility will open this coming summer, in time to welcome students for the Fall semester.

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