16 E 53rd St
Midtown
New York, NY, 10022

Built in 2007 this 292,663 sq.ft. building is 97% Office Space, 3% Retail and contains 0 residential units and 1 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av-53rd St Route ERoute M 1 Minute walk, 0.0 Miles
    • Lexington Av-53rd St Route ERoute MRoute 6 5 Minute walk, 0.2 Miles
    • 57th St Route F 8 Minute walk, 0.4 Miles
    • 5th Av Route NRoute QRoute R 9 Minute walk, 0.5 Miles
    • 59th St Route NRoute QRoute RRoute 4Route 5Route 6 10 Minute walk, 0.5 Miles
    • 50th St Route 1 12 Minute walk, 0.6 Miles
    • 50th St Route CRoute E 14 Minute walk, 0.7 Miles
    • 59th St Route ARoute BRoute CRoute DRoute 1 15 Minute walk, 0.8 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 18 Minute walk, 0.9 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 19 Minute walk, 1.0 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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    • Initial UCC1 dated 2011-12-14, Debtor: Valinor Management, LLC, Secured Party: Goldman Sachs Bank Usa, Assignee: Show Details
    • Bp 510 Madison Ave LLC sold this property to Bp 510 Madison LLC for $0.00 on 2011-09-06. Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2011-09-01. Parties: The Prudenttial Insurance Company Of American & Metropolitan Life Insurance Company & New York Life Insurance Company, Bp/Cgcenter Ii LLC & Bp/Cgcenter I LLC & Bp 510 Madison Ave LLC Show Details
    • Mortgage Agreement for $267,500,000.00 dated 2011-08-19 between The Prudenttial Insurance Company Of American & Metropolitan Life Insurance Company & New York Life Insurance Company and Bp/Cgcenter Ii LLC & Bp/Cgcenter I LLC & Bp 510 Madison Ave LLC Show Details
    • On 2011-08-16 a mortgage on this property was transferred from N.A. Bank Of America to The Prudenttial Insurance Company Of American & Metropolitan Life Insurance Company & New York Life Insurance Company. Show Details
    • UCC3 Termination dated 2011-08-30, Debtor: Bp 510 Madison Ave LLC, Secured Party: N.A. Bank Of America, Assignee: Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2011-05-20. Parties: Bp 510 Madison Ave LLC, L.P. S.A.C. Capital Advisors Show Details
    • Correction Doc-Office Use Only (Other Documents) was filed on 2010-10-18. Parties: Bp 510 Madison Ave LLC, Bank Of America, NA Show Details
    • UCC3 Termination dated 2010-09-29, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: 510 Funding LLC, Assignee: Show Details
    • UCC3 Termination dated 2010-09-29, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: 510 Funding LLC, Assignee: Show Details
    • UCC3 Termination dated 2010-09-29, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: 510 Funding LLC, Assignee: Show Details
    • Release dated 2010-09-15 between 53Rd Street And Madison Tower Development LLC and 510 Funding LLC Show Details
    • Initial UCC1 dated 2010-09-29, Debtor: Bp 510 Madison Ave LLC, Secured Party: N.A. Bank Of America, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Bp 510 Madison Ave LLC by N.A. Bank Of America or 2010-09-24 Show Details
    • Mortgage Agreement for $267,500,000.00 dated 2010-09-24 between Bp 510 Madison Ave LLC and N.A. Bank Of America Show Details
    • 53Rd Street And Madison Tower Development LLC sold this property to Bp 510 Madison Ave LLC for $274,419,609.22 on 2010-09-24. Show Details
    • On 2010-09-24 a mortgage on this property was transferred from 510 Funding LLC to N.A. Bank Of America. Show Details
    • On 2010-09-24 a mortgage on this property was transferred from 510 Funding LLC to N.A. Bank Of America. Show Details
    • On 2010-09-24 a mortgage on this property was transferred from 510 Funding LLC to N.A. Bank Of America. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2009-12-14. Parties: 53Rd Street And Madison Tower Development, LLC, The Union Labor Life Insurance Company, 510 Loan Funding LLC Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2009-12-14. Parties: 53Rd Street And Madison Tower Development, LLC, The Union Labor Life Insurance Company, 510 Loan Funding LLC Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2009-12-14. Parties: 53Rd Street And Madison Tower Development, LLC, The Union Labor Life Insurance Company, 510 Loan Funding LLC- Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2009-12-14. Parties: Union Labor Life Insurance Company, 510 Loan Funding LLC Show Details
    • On 2009-12-09 a mortgage on this property was transferred from Union Labor Life Insurance Company to 510 Loan Funding LLC. Show Details
    • On 2009-12-09 a mortgage on this property was transferred from Union Labor Life Insurance Company to 510 Loan Funding LLC. Show Details
    • On 2009-12-09 a mortgage on this property was transferred from Union Labor Life Insurance Company to 510 Loan Funding LLC. Show Details
    • Release dated 2008-02-21 between Palw LLC & 53Rd Street And Madison Tower Development LLC and New York Branch Deutsche Bank Ag Show Details
    • Release dated 2008-02-21 between Palw LLC & 53Rd Street And Madison Tower Development LLC and New York Branch Deutsche Bank Ag Show Details
    • UCC3 Termination dated 2008-03-03, Debtor: Palw, LLC, Secured Party: New York Branch Deutsche Bank Ag, Assignee: Show Details
    • UCC3 Termination dated 2008-03-03, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: New York Branch Deutsche Bank Ag, Assignee: Show Details
    • UCC3 Termination dated 2008-03-03, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: Deutsche Bank Ag, New York Branch, As Administrati, Assignee: Show Details
    • UCC3 Termination dated 2008-03-03, Debtor: Palw, LLC, Secured Party: Deutsche Bank Ag, New York Branch, As Administrati, Assignee: Show Details
    • Initial UCC1 dated 2008-03-03, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: The Union Labor Life Insurance Company, Assignee: Show Details
    • Initial UCC1 dated 2008-03-03, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: The Union Labor Life Insurance Company, Assignee: Show Details
    • Initial UCC1 dated 2008-03-03, Debtor: 53Rd Street And Madison Tower Development, LLC, Secured Party: The Union Labor Life Insurance Company, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 53Rd Street And Madison Tower Development LLC by The Union Labor Life Insurance Company or 2008-02-21 Show Details
    • 53Rd Street And Madison Tower Development LLC took a mortgage for $62,495,386.00 from The Union Labor Life Insurance Company on 2008-02-21. Show Details
    • 53Rd Street And Madison Tower Development LLC took a mortgage for $90,304,614.00 from The Union Labor Life Insurance Company on 2008-02-21. Show Details
    • 53Rd Street And Madison Tower Development LLC took a mortgage for $114,700,000.00 from The Union Labor Life Insurance Company on 2008-02-21. Show Details
    • Termination Of Lease Or Memo (Other Documents) was filed on 2008-03-03. Parties: 53Rd Street And Madison Tower Development LLC, Palw LLC Show Details
    • On 2008-02-21 a mortgage on this property was transferred from New York Branch Deutsche Bank Ag to The Union Labor Life Insurance Company. Show Details
    • On 2008-02-21 a mortgage on this property was transferred from New York Branch Deutsche Bank Ag to The Union Labor Life Insurance Company. Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2008-02-21. Parties: Palw LLC & 53Rd Street And Madison Tower Development LLC, New York Branch Deutsche Bank As Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2008-02-21. Parties: Palw LLC & 53Rd Street And Madison Tower Development LLC, New York Branch Deutsche Bank As Show Details
    • A Miscellaneous legal document filed on 2008-02-21. Parties: Palw LLC Show Details
    • A Miscellaneous legal document filed on 2008-02-21. Parties: Deutsche Bank, Ag, Ny Branch Show Details
    • A Miscellaneous legal document filed on 2008-02-21. Parties: N.A. Citibank Show Details
    • Development Rights (Deeds And Other Conveyances) was filed on 2008-02-21. Parties: Inc. The Laboratory Institute Of Merchandising, 53Rd Street And Madison Tower Development LLC Show Details
    • Certificate (Other Documents) was filed on 2008-02-21. Parties: Counsel Abstract, INC Show Details
    • Assignment Of Lease (Other Documents) was filed on 2008-01-28. Parties: 20 East 53Rd Associates, 53Rd Street And Madison Tower Development LLC Show Details
    • An Assignment of Leases and Rents was granted to Palw LLC & 53Rd Street And Madison Tower Development LLC by New York Branch Deutsche Bank Ag or 2007-07-16 Show Details
    • Palw LLC & 53Rd Street And Madison Tower Development LLC took a mortgage for $34,200,000.00 from New York Branch Deutsche Bank Ag on 2007-07-16. Show Details
    • Initial UCC1 dated 2007-07-26, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: Deutsche Bank Ag, New York Branch, As Administrati, Assignee: Show Details
    • Initial UCC1 dated 2007-07-24, Debtor: Palw LLC, Secured Party: Deutsche Bank Ag, New York Branch, As Administrati, Assignee: Show Details
    • UCC3 Termination dated 2007-01-16, Debtor: East 53Rd Food Service Inc., Secured Party: Jumping Elephant Inc., Assignee: Show Details
    • Zoning Lot Description (Other Documents) was filed on 2007-01-10. Parties: 53Rd Street And Madison Tower Development LLC Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2006-12-14. Parties: Show Details
    • Declaration (Other Documents) was filed on 2006-11-24. Parties: Show Details
    • Declaration (Other Documents) was filed on 2006-11-24. Parties: Palw LLC Show Details
    • Declaration (Other Documents) was filed on 2006-11-24. Parties: N.A. Citibank Show Details
    • Development Rights (Deeds And Other Conveyances) was filed on 2006-11-24. Parties: Inc. The Laboratory Institute Of Merchandising, 53Rd Street And Madison Tower Development LLC Show Details
    • Declaration (Other Documents) was filed on 2006-11-24. Parties: Show Details
    • Certificate (Other Documents) was filed on 2006-11-24. Parties: Show Details
    • Brightwater Enterprise LLC sold this property to 53Rd Street And Madison Tower Development LLC for $3,375,000.00 on 2006-06-08. Show Details
    • An Assignment of Leases and Rents was granted to by or 2006-02-07 Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2006-05-19. Parties: Show Details
    • An Assignment of Leases and Rents was granted to New York Branch Deutsche Bank Ag by Palw LLC & 53Rd Street And Madison Tower Development LLC or 2006-01-18 Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2006-05-19. Parties: Palw LLC & 53Rd Street And Madison Tower Development LLC, New York Branch Deutsche Bank Ag Show Details
    • An Assignment of Leases and Rents was granted to by or 2006-01-12 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2006-05-19. Parties: Palw LLC & 53Rd Street And Madison Tower Development LLC, New York Branch Deutsche Bank Ag Show Details
    • On 2006-01-13 a mortgage on this property was transferred from As Administrative Agent Fortress Credit Corp. to New York Office Deutsche Bank Ag. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2006-05-19. Parties: Fortress Capital Corporation, Palw LLC & 53Rd Street And Madison Tower Development LLC Show Details
    • Madison Avenue-53Rd Street Corporation Satisfied their Mortgage with Jpmorgan Chase Bank, NA on 2006-03-03. Show Details
    • Inc. L'Occitane sold this property to 53Rd Street And Madison Tower Development LLC for $3,000,000.00 on 2006-02-28. Show Details
    • sold this property to for $27,500,000.00 on 2006-02-07. Show Details
    • UCC3 Termination dated 2006-02-13, Debtor: Palw LLC, Secured Party: Fortress Credit Corp., Assignee: Show Details
    • UCC3 Termination dated 2006-02-13, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: Fortress Credit Corp., Assignee: Show Details
    • 20 East 53Rd Associates sold this property to 53Rd Street And Madison Tower Development LLC for $0.00 on 2006-01-18. Show Details
    • Ezra Dyckman & 20 East 53Rd Associates & Jacob Holzer & Jewel Edelman & Joshua Dyckman & Raymond Cleeman & Roxanne Kleiman & David Holzer & Michael Cleeman & Barry Holzer & Deborah Dyckman & Edmond Cleeman & Stuart Kleiman & Daniel Dyckman & Cheryl Greenfield & Jonathan Dyckman sold this property to 53Rd Street And Madison Tower Development LLC for $14,010,208.63 on 2006-01-18. Show Details
    • sold this property to for $11,168,000.00 on 2006-01-12. Show Details
    • Initial UCC1 dated 2006-01-26, Debtor: Palw LLC, Secured Party: New York Branch Deutsche Bank Ag, Assignee: Show Details
    • Initial UCC1 dated 2006-01-26, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: New York Branch Deutsche Bank Ag, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2006-01-05. Parties: Inc East 53Rd Food Service, Inc Jumping Elephant Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-07. Parties: Bank Of Smithtown Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-07. Parties: Bank Of Smithtown Show Details
    • Termination Of Agreement (Other Documents) was filed on 2005-12-07. Parties: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-07. Parties: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-07. Parties: North Fork Bank Show Details
    • An Assignment of Leases and Rents was granted to Fortress Credit Corp. by Pal W LLC & 53Rd Street And Madison Tower Development LLC or 2005-10-18 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2005-12-07. Parties: Show Details
    • On 2005-10-18 a mortgage on this property was transferred from Bank Of Smithtown to Fortress Credit Corp.. Show Details
    • On 2005-10-18 a mortgage on this property was transferred from North Brin Debt Corp. to Fortress Credit Corp.. Show Details
    • On 2005-10-14 a mortgage on this property was transferred from North Fork Bank to Fortress Credit Corp.. Show Details
    • On 2005-10-14 a mortgage on this property was transferred from to . Show Details
    • sold this property to for $0.00 on 2005-10-18. Show Details
    • Initial UCC1 dated 2005-10-24, Debtor: 53Rd Street And Madison Tower Development LLC, Secured Party: Fortress Credit Corp., Assignee: Show Details
    • Initial UCC1 dated 2005-10-24, Debtor: Palw LLC, Secured Party: Fortress Credit Corp., Assignee: Show Details
    • UCC3 Termination dated 2005-10-24, Debtor: 1619 E53 LLC, Secured Party: North Fork Bank, Assignee: Show Details
    • UCC3 Termination dated 2005-10-24, Debtor: 1619 E53 LLC, Secured Party: North Fork Bank, Assignee: Show Details
    • Mutti'S And Vatis Kinder, INC Satisfied their Mortgage with Ellen Sheer on 2005-06-21. Show Details
    • ... and 57 older documents.

    Lot

    Address
    16 E 53rd St, 10022
    Square Footage
    15,750
    Lot Type
    Corner
    Dimensions
    100.0ft x 28.0ft
    BBL
    1012880056

    Neighborhood

    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    E023
    School District
    2
    Census Tract
    102

    Zoning

    Zoning District
    C5-3
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $17,514,000
    MV Total
    $153,063,000
    AV Land
    $7,881,300
    AV Total
    $68,878,350

    Floor Area Ratio

    Built FAR
    18.58

    Residential
    Zoned FAR 10.0
    Max 157,500.0 sq. ft.
    Remaining -135,163.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 236,250.0 sq. ft.
    Remaining -56,413.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 236,250.0 sq. ft.
    Remaining -56,413.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    2007
    Alterations
    N/A
    Floors
    30.0
    Residential Units
    0
    Total Units
    1
    Floor Area
    292663
    Basement
    Unknown
    Proximity
    Unknown

    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