Under the proposed contract, Cake & Shake will pay the city more than $650,000 over five years. The company also plans to open a cart at a Manhattan park.
The organic cupcakes will go on sale by June for $3. They have names like "Whatchamacallit" and "Rich Guy."
Last summer, competition forced a hot dog vendor from his spot outside the museum because he couldn't pay the city nearly $54,000 a month.
Cake & Shake co-owner Gina Ojile (OH'-jyl) doesn't expect any problems, saying cupcakes don't really compete with hot dogs.