1940 1st Ave
East Harlem
New York, NY, 10029

Built in 1973 this 412,985 sq.ft. building is 98% Residential, 2% Retail and contains 323 residential units and 6 non-residential units.

This property is currently Off Market.

    Transit

    • 103rd St Route 6 11 Minute walk, 0.5 Miles
    • 86th St Route 4Route 5Route 6 21 Minute walk, 1.1 Miles

    Schools

    • Elementary School

      • P.S. 050 Vito Marcantonio
        • Grades: 0K,01,02,03,04,05,06,07,08,SE
        • Principal: Ester Quinones
        • Phone: 212-860-5976
        • Address: 433 East 100 Street
        • Website: schools.nyc.gov
    • Middle School

      • Zoned to District 4. No zoned school. Contact 718-935-2383 for more information.
    • High School

      • Citywide High School Choice

    Units at this Address

    PriceUnitLast UpdateStatusPublic Records
    118Off Market2

    Public Records

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    • On 2017-06-30 a mortgage on this property was transferred from Wells Fargo Bank to Federal Home Loan Mortgage Corporation. Show Details
    • Initial UCC1 dated 2017-07-10, Secured Party: Wells Fargo Bank Show Details
    • A mortgage agreement for $0.00 was filed on 2017-06-30 Show Details
    • A mortgage agreement for $198,555,000.00 was filed on 2017-06-30 Show Details
    • A $39,305,000.00 mortgage was taken from Wells Fargo Bank on 2017-06-30. Show Details
    • On 2017-06-30 a mortgage on this property was transferred from New York Branch Bank Of China to Wells Fargo Bank. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2017-07-10. Show Details
    • UCC3 Termination dated 2017-07-10, Secured Party: New York Branch Bank Of China, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-11-12. Show Details
    • Initial UCC1 dated 2014-11-12, Secured Party: New York Branch Bank Of China Show Details
    • An Assignment of Leases and Rents was filed on 2014-10-22 Show Details
    • A mortgage agreement for $159,250,000.00 was filed on 2014-10-22 Show Details
    • On 2014-10-22 a mortgage on this property was transferred from Fannie Mae to New York Branch Bank Of China. Show Details
    • Assignment Of Lease (Other Documents) was filed on 2014-11-12. Show Details
    • This property was sold for $178,147,948.01 on 2014-10-22. Show Details
    • A $178,537,148.00 mortgage was taken from Fannie Mae on 2014-10-22. Show Details
    • A mortgage agreement for $800,000,000.00 was filed on 2014-10-22 Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2014-11-12. Show Details
    • On 2014-09-30 a mortgage on this property was transferred from German American Capital Corporation to Fannie Mae. Show Details
    • UCC3 Termination dated 2014-11-03, Secured Party: Fannie Mae, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-12-22. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2007-08-03. Show Details
    • Initial UCC1 dated 2007-05-30, Secured Party: German American Capital Corporation Show Details
    • An Assignment of Leases and Rents was filed on 2007-04-17 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2007-05-17. Show Details
    • This property was sold for $187,451,666.00 on 2007-04-17. Show Details
    • On 2006-04-13 a mortgage on this property was transferred from New York State Housing Finance Agency to New York State Urban Development Corporation & Empire State Development Corporation. Show Details
    • A mortgage agreement for $0.00 was filed on 2005-07-06 Show Details
    • On 2005-09-15 a mortgage on this property was transferred from New York State Housing Finance Agency to New York State Urban Development Corporation. Show Details
    • Termination Of Agreement (Other Documents) was filed on 2005-10-19. Show Details
    • A mortgage agreement for $0.00 was filed on 2005-03-31 Show Details
    • An Assignment of Leases and Rents was filed on 2005-03-31 Show Details
    • A mortgage agreement for $93,000,000.00 was filed on 2005-03-31 Show Details
    • A $45,298,442.00 mortgage was taken from New York Community Bank on 2005-03-31. Show Details
    • On 2005-03-31 a mortgage on this property was transferred from New York State Housing Finance Agency to New York Community Bank. Show Details
    • On 2005-03-31 a mortgage on this property was transferred from New York State Urban Development Corporation D/B/A & Empire State Development Corporation to New York Community Bank. Show Details
    • On 2005-03-31 a mortgage on this property was transferred from New York State Housing Finance Agency to New York State Urban Development Corporation D/B/A & Empire State Development Corporation. Show Details
    • On 2005-03-31 a mortgage on this property was transferred from Deutsche Bank Trust Company Americas Trustee F/K/A & Trustee Bankers Trust Company to New York State Housing Finance Agency. Show Details
    • On 2005-02-27 a mortgage on this property was transferred from New York State Project Finance Agency (Pfa) to New York State Housing Finance Agency (Hfa). Show Details
    • This property was sold for $73,269,207.64 on 2005-03-31. Show Details
    • Initial UCC1 dated 2005-04-19, Secured Party: New York Community Bank Show Details
    • UCC3 Termination dated 2000-03-13, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • Initial Coop UCC1 dated 1998-11-04, Secured Party: Chase Manhattan Bank Show Details
    • On 1993-10-22 a mortgage on this property was transferred from New York State Prjctetc & New York State Urbanetc to New York State Hfa. Show Details
    • On 1993-10-22 a mortgage on this property was transferred from New York State Prjctetc & New York State Hfa to Bankers Trust Co Trtee. Show Details
    • On 1993-10-22 a mortgage on this property was transferred from New York State Prjctetc to New York State Urbanetc. Show Details
    • On 1993-10-22 a mortgage on this property was transferred from Chase Manhattan Bk Natr to New York State Prjctetc. Show Details
    • UCC3 Termination dated 1993-10-21, Secured Party: Manufacturers Hanover Trust Company, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1992-12-07. Show Details
    • A Miscellaneous legal document filed on 1990-02-14. Show Details
    • On 1990-02-14 a mortgage on this property was transferred from Nys Project Etal to Chase Manhattan Bankn.A. Show Details
    • A $12,183,072.02 mortgage was taken from New York State Udc on 1990-02-14. Show Details
    • On 1990-02-14 a mortgage on this property was transferred from New York State Urbanetc to Nys Project Etal. Show Details
    • A mortgage agreement for $0.00 was filed on 1990-02-13 Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1988-03-04. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1988-03-04. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1983-04-01. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1978-01-30. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1975-05-23. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1975-05-23. Show Details
    • A Miscellaneous legal document filed on 1974-07-30. Show Details
    • Court Order (Other Documents) was filed on 1974-07-30. Show Details
    • This property was sold for $0.00 on 1970-08-13. Show Details
    • A Miscellaneous legal document filed on 1970-06-15. Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on July 5, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Bsrep Ua River Crossing Llc, 552 Main Street, Ny, NY 10044
    • Managing Agent: Doryne Isley, 552 Main Street, Roosevelt Islan, NY 10044
    • Head Officer: Doryne Isley, 552 Main Street, Ny, NY 10044
    • Officer: Jana Schmidt, 590 56Th Street, West New York, NJ 07093
    • Site Manager: Carlo Careddu,

    Building Tips

    Lot

    Address
    1940 1st Ave, 10029
    Square Footage
    75,100
    Lot Type
    Dimensions
    0.0ft x 0.0ft
    BBL
    1016940007

    Neighborhood

    Neighborhood
    East Harlem
    Historic District
    N/A
    Community District
    11
    City Council
    8
    Police Precinct
    23
    Fire Company
    L043
    School District
    4
    Census Tract
    162

    Zoning

    Zoning District
    R7-2
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2
    MV Land
    $2,630,000
    MV Total
    $27,073,000
    AV Land
    $1,183,500
    AV Total
    $12,182,850

    Floor Area Ratio

    Built FAR
    5.5

    Residential
    Zoned FAR 3.44
    Max 258,344.0 sq. ft.
    Remaining -154,641.0 sq. ft.

    Commercial
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining 0 sq. ft.

    Facility
    Zoned FAR 6.5
    Max 488,150.0 sq. ft.
    Remaining 75,165.0 sq. ft.

    Building

    Category
    Elevator Apartments
    Class
    Elevator Apt; Semi-Fireproof With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    1
    Year Built
    1973
    Alterations
    N/A
    Floors
    13.0
    Residential Units
    323
    Total Units
    329
    Floor Area
    412985
    Basement
    Unknown
    Proximity
    Unknown

    Crime

    This property is located in the 23rd Precinct of Manhattan.

    Property Crime

    Low
    In 2015 the 23rd Precinct saw 620 felony property crimes (Burglary, Grand Larceny and Grand Larceny of Motor Vehicle) committed per 100,000 residents**. This is lower then the borough's property crime rate, which was 1219 over the same period.

    Violent Crime

    High
    In 2015 the 23rd Precinct saw 747 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