N.Y.C. Admin. Code § 5-438: § 5-438 Closing of street; vesting of title.

Upon the date specified in the resolution of the board of estimate as the date upon which the street, proposed to be discontinued or closed, shall become and be closed, all easements, in and over the land within such closed street, of every nature whatsoever, whether in favor of the public or in favor of the owners of the real property abutting thereon, shall become and be extinguished and destroyed, and ever after such date, such former street shall cease to be or remain for any purpose whatever, a street. In all cases where the city, at the time of such closing, shall acquire the fee title to the whole or any part of the land within such closed street, the city shall acquire and become and be vested with the fee title thereto, simultaneously with the closing thereof.