123 E 57th St
Midtown
New York, NY, 10022

Built in 1987 this 397,354 sq.ft. building is 76% Office Space, 24% Retail and contains 0 residential units and 85 non-residential units.

This property is currently Off Market.

    Transit

    • 59th St Route NRoute QRoute RRoute 4Route 5Route 6 3 Minute walk, 0.2 Miles
    • Lexington Av Route F 7 Minute walk, 0.4 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 26 Minute walk, 1.3 Miles
    • Lexington Av-53rd St Route ERoute MRoute 6 5 Minute walk, 0.3 Miles
    • 59th St Route ARoute BRoute CRoute DRoute 1 15 Minute walk, 0.8 Miles

    Schools

    • Elementary School

      • P.S. 059 Beekman Hill International
        • Grades: 0K,01,02,03,04,05,SE
        • Principal: Adele Schroeter
        • Phone: 212-888-7870
        • Address: 231-249 East 56 Street
        • Website: schools.nyc.gov
    • Middle School

      • J.H.S. 104 Simon Baruch
        • Grades: 06,07,08,SE
        • Principal: Rocco Macri
        • Phone: 212-674-4545
        • Address: 330 East 21 Street
        • Website: schools.nyc.gov
    • High School

      • Citywide High School Choice

    Public Records

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    • Mortgage Agreement for $0.00 dated 2015-11-25 between Dolorita Fitzgerald Wallace & Wallace, Trustee, William F & Wallace, Trustee, Stratford C and Saks & Company LLC & Madison Realty Associates & Successor In Interest 135 East 57Th Street Show Details
    • Mortgage Agreement for $0.00 dated 2015-11-25 between Berkadia Commercial Mortgage LLC & Master Servicer Keybank National Association & National Association Wells Fargo Bank and Saks & Company LLC & 135 East 57Th Street LLC Show Details
    • Initial UCC1 dated 2015-10-22, Debtor: As Trustee William F. Wallace & As Trustee Stratford C. Wallace & Trust Agreement Dated 6/2/1969 Made By Dolorita, Secured Party: Apple Bank For Savings, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to As Trustee William F. Wallace & As Trustee Stratford C. Wallace & Trust Agreement Dated 6/2/1969 Made By Dolorita by Apple Bank For Savings or 2015-10-13 Show Details
    • Mortgage Agreement for $4,750,000.00 dated 2015-10-13 between As Trustee William F. Wallace & As Trustee Stratford C. Wallace & Trust Agreement Dated 6/2/1969 Made By Dolorita and Apple Bank For Savings Show Details
    • As Trustee William F. Wallace & As Trustee Stratford C. Wallace & Trust Agreement Dated 6/2/1969 Made By Dolorita took a mortgage for $150,000.00 from Apple Bank For Savings on 2015-10-13. Show Details
    • Inc. Tw Telecom sold this property to Level 3 Communications, LLC for $3,535,942.00 on 2014-10-31. Show Details
    • Mortgage Agreement for $0.00 dated 2012-03-20 between Cranemare LLC & 135 East 57Th Street LLC and N.A. Wells Fargo Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2012-03-02. Parties: 135 East 57Th Street, Wells Fargo Bank, N.A., As Trustee Show Details
    • Initial UCC1 dated 2009-05-07, Debtor: William F Wallace & Stratford C Wallace, Secured Party: Apple Bank For Savings, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Wallace, As Trustee, William F & Dolorita Fitzgerald Wallace & As Trustee Stratford C. Wallace & As Trustee Dolorita F.Wallace by Apple Bank For Savings or 2009-03-31 Show Details
    • Mortgage Agreement for $4,600,000.00 dated 2009-03-31 between Wallace, As Trustee, William F & Dolorita Fitzgerald Wallace & As Trustee Stratford C. Wallace & As Trustee Dolorita F.Wallace and Apple Bank For Savings Show Details
    • Wallace, As Trustee, William F & Dolorita Fitzgerald Wallace & As Trustee Stratford C. Wallace & As Trustee Dolorita F.Wallace took a mortgage for $1,600,000.00 from Apple Bank For Savings on 2009-03-31. Show Details
    • On 2009-03-31 a mortgage on this property was transferred from Bank Of America, N.A., C/O Wachovia Securities to Apple Bank For Savings. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2009-05-07. Parties: Bank Of America, N.A., C/O Wachovia Securities Show Details
    • UCC3 Termination dated 2009-05-07, Debtor: Wallace, As Trustee, William F & Wallace, As Trustee, Stratford C, Secured Party: N.A. Bank Of America, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2009-03-11. Parties: As Tr William F. Wallace And Stratford C. Wallace, Wachovia Bank, National Association, As Master Ser Show Details
    • Mortgage Agreement for $0.00 dated 2007-11-15 between Wells Fargo Bank, N.A., As Trustee and E*Trade Group, Inc., F/K/A & E*Trade Financial Corporation Show Details
    • On 2008-01-11 a mortgage on this property was transferred from Greenwich Capital Financial Products, Inc., A Dela to In Its Capacity As Trustee For Lasalle Bank N.A.. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2007-10-04. Parties: 135 East 57Th Street LLC, German American Capital Corporation, Wells Fargo Bank, N.A., As Trustee Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2007-10-04. Parties: German American Capital Corporation, Wells Fargo Bank, N.A., As Trustee Show Details
    • On 2007-07-11 a mortgage on this property was transferred from German American Capital Corporation to Wells Fargo Bank, N.A., As Trustee. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2007-09-06. Parties: Inc. Greenwich Capital Financial Products, Lasalle Bank National Association Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2007-08-06. Parties: As Tr William F. Wallace And Stratford C. Wallace, Inc. Greenwich Capital Financial Products, Lasalle Bank National Asso. Holders Of Bear Stearn Show Details
    • Release dated 2007-03-08 between Credit Suisse First Boston Mortgage Capital LLC and Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-07-03. Parties: Wells Fargo Bank Show Details
    • UCC3 Termination dated 2007-07-03, Debtor: 135 East 57Th Street, Secured Party: As Trustee For The Bene Norwest Bank Of Minnesota, Assignee: Show Details
    • UCC3 Termination dated 2007-07-03, Debtor: 135 East 57Th Street, Secured Party: As Trustee For The Bene Norwest Bank Of Minnesota, Assignee: Show Details
    • UCC3 Termination dated 2007-07-03, Debtor: 135 East 57Th Street, Secured Party: As Trustee For The Bene Norwest Bank Of Minnesota, Assignee: Show Details
    • UCC3 Termination dated 2007-07-03, Debtor: 135 East 57Th Street, Secured Party: As Trustee For The Bene Norwest Bank Of Minnesota, Assignee: Show Details
    • Initial UCC1 dated 2007-07-03, Debtor: 135 East 57Th Street, Secured Party: German Capital Corporation, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 135 East 57Th Street by German American Capital Corporation or 2007-03-09 Show Details
    • Mortgage Agreement for $85,000,000.00 dated 2007-03-09 between 135 East 57Th Street and German American Capital Corporation Show Details
    • 135 East 57Th Street took a mortgage for $14,485,613.57 from German American Capital Corporation on 2007-03-09. Show Details
    • On 2007-03-09 a mortgage on this property was transferred from Wells Fargo Bank & Norwest Bank Minisota to German American Capital Corporation. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2007-05-01. Parties: Stratford C. Wallace & William F. Wallace, 135 East 57Th Street LLC Show Details
    • Mortgage Agreement for $0.00 dated 2006-01-10 between National Association Wachovia Bank and Llp Balyasny Asset Management Show Details
    • Sungard Data Systems Inc. sold this property to Sungard Data Systems Inc. for $400,000.00 on 2005-08-11. Show Details
    • An Assignment of Leases and Rents was granted to Inc. Greenwich Capital Financial Products by Wallace, Trustee, William F & U/T/A Dolorita Fitzgerald Wallace & Wallace, Trustee, Stratford C or 2004-03-31 Show Details
    • Mortgage Agreement for $3,000,000.00 dated 2004-03-31 between and Show Details
    • took a mortgage for $1,185,305.06 from on 2004-03-31. Show Details
    • On 2004-03-29 a mortgage on this property was transferred from Emigrant Savings Bank to Inc. Greenwich Capital Financial Products. Show Details
    • Initial UCC1 dated 2004-08-03, Debtor: As Trustee William F. Wallace & As Trustee Stratford C. Wallace, Secured Party: Inc. Greenwich Capital Financial Products, Assignee: Show Details
    • Initial UCC1 dated 2004-01-14, Debtor: 135 East 57Th Street LLC, Secured Party: Norwest Bank Minnesota, National Association, As T, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2003-02-26. Parties: 135 East 57Th Street LLC, Nat''L Association Norwest Bank Minnesota, As Trustee For The Bene Norwest Bank Of Minnesota Show Details
    • UCC3 Amendment dated 2003-02-26, Debtor: 135 East 57Th Street LLC, Secured Party: Nat''L Association Norwest Bank Minnesota, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2003-02-26. Parties: 135 East 57Th Street LLC, Nat''L Association Norwest Bank Minnesota Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2003-02-26. Parties: 135 East 57Th Street LLC, Nat''L Association Norwest Bank Minnesota, As Trustee For The Benef Norest Bank Of Minnesota Show Details
    • UCC3 Amendment dated 2003-02-26, Debtor: 135 East 57Th Street LLC, Secured Party: Nat''L Association Norwest Bank Minnesota, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2003-02-26. Parties: 135 East 57Th Street LLC, Nat''L Association Norwest Bank Minnesota Show Details
    • Initial UCC1 dated 2003-02-13, Debtor: 135 East 57Th Street Holdings LLC, Secured Party: As Trustee Norwest Bank Of Minnesota, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-08-26. Parties: 135 East 57Th Streetllc, Credit Suisse Firstboston Mortgage Capital LLC, Nat'L Association Norwest Bank Minnesota Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-08-26. Parties: 135 East 57Th Streetllc, Credit Suisse Firstboston Mortgage Capital LLC., Nat'L Association Norwest Bank Minnesota Show Details
    • On 2000-02-22 a mortgage on this property was transferred from Credit Suisse Firstboston Mortgage Capital LLC to National Association Norwest Bank Minnesota. Show Details
    • Initial Coop UCC1 dated 1998-03-31, Debtor: 135 East 57Th Streetllc, Secured Party: Credit Suisse Firstboston Mortgage Capital LLC., Assignee: Show Details
    • Initial Coop UCC1 dated 1998-03-31, Debtor: 135 East 57Th Streetllc, Secured Party: Credit Suisse Firstboston Mortgage Capital LLC, Assignee: Show Details
    • On 1998-02-10 a mortgage on this property was transferred from Los Angeles Fire Andpolice Pension System & Alaska Permanent Fund & Teacher Retirement System Of Texas to Credit Suisse Firstboston Mortgage Capital LLC. Show Details
    • On 1998-02-10 a mortgage on this property was transferred from 135 East 57Th Streetllc to Credit Suisse Firstboston Mortgage Capital LLC. Show Details
    • On 1998-02-10 a mortgage on this property was transferred from 135 East 57Th Streetllc to Credit Suisse Firstboston Mortgage Capital LLC. Show Details
    • 135 East 57Th Streetllc took a mortgage for $75,000,000.00 from Credit Suisse Firstboston Mortgage Capital LLC on 1998-02-10. Show Details
    • 135 East 57Th Streetllc took a mortgage for $25,000,000.00 from Credit Suisse Firstboston Mortgage Capital LLC on 1998-02-10. Show Details
    • On 1998-02-10 a mortgage on this property was transferred from Inc. Lafp New York & Alaska Permanent Fund & Inc. Trst New York to 135 East 57Th Streetllc. Show Details
    • Mortgage Agreement for $0.00 dated 1998-02-10 between 135 East 57Th Streetllc and Credit Suisse Firstboston Mortgage Capital LLC Show Details
    • A Miscellaneous legal document filed on 1998-02-10. Parties: Los Angeles Fire Andpolice Pension System & Alaska Permanent Fund & Teacher Retirement System Of Texas Show Details
    • A Miscellaneous legal document filed on 1994-12-29. Parties: Lafp New York Inc & Inc. Trst New York & The Alaska Permanentfund Corp. and Chemical Bank Show Details
    • Chemical Bank leased this property from Inc. Lafp New York & Alaska Permanent Fund Corporation & Inc. Trst New York on 1994-12-29 Show Details
    • Initial UCC1 dated 1994-04-05, Debtor: Stratford C. Wallace & William F. Wallace, Secured Party: Emigrant Saving Bank, Assignee: Show Details
    • A Miscellaneous legal document filed on 1994-03-28. Parties: Apple Bank For Savings Show Details
    • Mortgage Agreement for $0.00 dated 1994-03-28 between William F.Trustee Wallace & Dolorita Fitzgerald -Settlor Wallace & Dolorita F. Wallace & Stratford C. Trtee Wallace and Emigrant Savings Bank Show Details
    • On 1994-03-28 a mortgage on this property was transferred from Apple Bank For Savings to Emigrant Savings Bank. Show Details
    • Stratford C. Wallace & Dolorita F. Wallace & William F.Trustee Wallace & William F. Wallace took a mortgage for $150,000.00 from Emigrant Savings Bank on 1994-03-28. Show Details
    • On 1992-12-31 a mortgage on this property was transferred from Madison Lexington Ventur to Lafp New York Inc & Alaska Permanent Fdcorp & Alaska Permanent Fund & Trst New York Inc. Show Details
    • Mortgage Agreement for $0.00 dated 1992-09-24 between Teachers Retirementetc & Alaska Permanent Fund and Exis Corporation Show Details
    • Mortgage Agreement for $0.00 dated 1992-09-04 between Alaska Permanent Fund & Los Angeles Fire Etc & Teacher Retirement Etc and Nederlandsche Etc Fka & International Etc Show Details
    • Dolorita F.Tr Wallace & William F.Tr Wallace & Stratford C. Tr Wallace Satisfied their Mortgage with Madison Realty Assoc on 1990-08-15. Show Details
    • Initial UCC1 dated 1990-03-12, Debtor: Madison Lexington Venture & Place Des Antiquaires Inc, Secured Party: Teacher Retirement System Texas, Assignee: Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1990-03-12. Parties: Madison Lexington Ventur, Teacher Retirement Etc Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Madison Lexington Venture, Secured Party: Limited Ny Branch Sumitomo Bank, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A. Chase Manhattan Bk Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Madison Lexington Venture, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Place Des Antiquairsinc, Ltd Sumitomo Bk Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Inc. Place Des Antiquaires, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A Chase Manhattan Bk Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Place Des Antiquaires, INC, Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A. Chase Manhattan Bk Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Madison Lexington Venture, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Place Des Antiquaires, INC, Secured Party: Sumitomo Bank, Assignee: Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Madison Lexington Venture, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Madison Lexington Venture, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Place Des Antiquairsinc, N.A Chase Manhattan Bk Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, Ltd Smitomo Bank Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A. Chase Manhattan Bk Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Place Des Antiquairsinc, N.A Chase Manhattan Bk Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Place Des Antiquairsinc, N.A. Chase Manhattan Bk Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A. Chase Manhattan Bk Show Details
    • UCC3 Termination dated 1990-03-08, Debtor: Inc. Place Des Antiquaires, Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-03-08. Parties: Madison Lexington Ventur, N.A. Chase Manhattan Bk Show Details
    • On 1990-03-07 a mortgage on this property was transferred from Madison Lexington Vtre & Place Des Antiquaresinc to Teacher Retirement Etal & Alaka Permanent Fund & Fire&Police Pensionetal. Show Details
    • Mortgage Agreement for $0.00 dated 1990-03-07 between Madison Lexington Vtre and Los Angels Fire & Etal & Alaska Permanent Fndetc & Teacher Retirement Etal Show Details
    • Madison Lexington Ventur took a mortgage for $31,000,000.00 from Teacher Retirement Etal & Los Angeles Fire & Etal & Alaska Permanent Fndcrp on 1990-03-07. Show Details
    • ... and 112 older documents.

    Lot

    Address
    123 E 57th St, 10022
    Square Footage
    26,760
    Lot Type
    Corner
    Dimensions
    215.0ft x 201.0ft
    BBL
    1013120015

    Neighborhood

    Neighborhood
    NeighborhoodContent object
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    E008
    School District
    2
    Census Tract
    112.03

    Zoning

    Zoning District
    C5-2
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $61,500,000
    MV Total
    $180,131,000
    AV Land
    $27,675,000
    AV Total
    $81,058,950

    Floor Area Ratio

    Built FAR
    14.85

    Residential
    Zoned FAR 10.0
    Max 267,600.0 sq. ft.
    Remaining -129,754.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 267,600.0 sq. ft.
    Remaining -129,754.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 267,600.0 sq. ft.
    Remaining -129,754.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1987
    Alterations
    N/A
    Floors
    32.0
    Residential Units
    0
    Total Units
    85
    Floor Area
    397354
    Basement
    Full Basement Below Grade
    Proximity
    Attached

    Crime

    This property is located in the Midtown North Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the Midtown North Precinct saw 3618 felony property crimes (Burglary, Grand Larceny and Grand Larceny of Motor Vehicle) committed per 100,000 residents**. This is higher then the borough's property crime rate, which was 1219 over the same period.

    Violent Crime

    High
    In 2015 the Midtown North Precinct saw 603 felony violent crimes (Murder, Rape, Robbery and Felony Assault) committed per 100,000 residents**. This is higher then the borough's violent crime rate, which was 444 over the same period.

    ** This does not take daytime population into account. Actual crime rates in areas where many people work (higher daytime population) may be lower. Conversely actual crime rates may be higher in areas where many people commute out for work (lower daytime population).

    Street View