23 E 40th St
Murray Hill
New York, NY, 10016

Built in 1926 this 407,127 sq.ft. building is 95% Office Space, 5% Retail and contains 0 residential units and 11 non-residential units.

This property is currently Off Market.

    Transit

    • Grand Central Route GSRoute 4Route 5Route 6Route 7 3 Minute walk, 0.1 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 8 Minute walk, 0.4 Miles
    • 5th Av Route BRoute DRoute FRoute MRoute 7 4 Minute walk, 0.2 Miles

    Schools

    • Elementary School

      • P.S. 116 Mary Lindley Murray
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Jane Hsu
        • Phone: 212-685-4366
        • Address: 210 East 33 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 2016-12-21, Debtor: 285 Madison Owner LLC, Secured Party: Aareal Capital Corporation & Goldman Sachs Bank Usa, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by Aareal Capital Corporation or 2016-12-14 Show Details
    • 285 Madison Owner LLC took a mortgage for $6,935,868.39 from Aareal Capital Corporation & Goldman Sachs Bank Usa on 2016-12-14. Show Details
    • Initial UCC1 dated 2016-12-21, Debtor: 285 Madison Owner LLC, Secured Party: Aareal Capital Corporation & Goldman Sachs Bank Usa, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by Aareal Capital Corporation or 2016-12-14 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2016-12-21. Parties: 285 Madison Owner LLC, Aareal Capital Corporation & Goldman Sachs Bank Usa Show Details
    • Initial UCC1 dated 2016-12-21, Debtor: 285 Madison Owner LLC, Secured Party: Aareal Capital Corporation & Goldman Sachs Bank Usa, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by Aareal Capital Corporation or 2016-12-14 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2016-12-21. Parties: 285 Madison Owner LLC, Aareal Capital Corporation & Goldman Sachs Bank Usa Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-12-21. Parties: Aareal Capital Corporation, 285 Madison Owner LLC Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • On 2016-12-14 a mortgage on this property was transferred from Aareal Capital Corporation to Aareal Capital Corporation & Goldman Sachs Bank Usa. Show Details
    • 285 Madison Owner LLC took a mortgage for $13,276,186.59 from Aareal Capital Corporation on 2016-12-14. Show Details
    • 285 Madison Owner LLC took a mortgage for $6,935,868.39 from Aareal Capital Corporation on 2016-12-14. Show Details
    • 285 Madison Owner LLC took a mortgage for $23,524,942.78 from Aareal Capital Corporation on 2016-12-14. Show Details
    • Mortgage Agreement for $43,736,997.76 dated 2016-12-14 between 285 Madison Owner LLC and Aareal Capital Corporation Show Details
    • Go 285 Madison, LLC sold this property to Gp 275 Madison Sub LLC for $334,068,740.50 on 2016-09-27. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by Aareal Capital Corporation or 2015-02-09 Show Details
    • Mortgage Agreement for $43,736,997.76 dated 2015-02-09 between 285 Madison Owner LLC and Aareal Capital Corporation Show Details
    • 285 Madison Owner LLC took a mortgage for $19,490,864.76 from Aareal Capital Corporation on 2015-02-09. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by Aareal Capital Corporation or 2015-02-09 Show Details
    • Mortgage Agreement for $32,067,549.39 dated 2015-02-09 between 285 Madison Owner LLC and Aareal Capital Corporation Show Details
    • 285 Madison Owner LLC took a mortgage for $9,024,793.39 from Aareal Capital Corporation on 2015-02-09. Show Details
    • Inc. Pret 287 Madison sold this property to 285 Madison Owner LLC for $356,387.50 on 2013-07-15. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-01-07. Parties: 285 Madison Funding LLC, Aareal Capital Corporation Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-01-07. Parties: 285 Madison Funding LLC, Aareal Capital Corporation Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-01-07. Parties: 285 Madison Funding LLC, Aareal Capital Corporation Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-01-07. Parties: 285 Madison Funding LLC, Aareal Capital Corporation Show Details
    • On 2012-12-19 a mortgage on this property was transferred from 285 Madison Funding LLC to Aareal Capital Corporation. Show Details
    • On 2012-12-19 a mortgage on this property was transferred from 285 Madison Funding LLC to Aareal Capital Corporation. Show Details
    • On 2012-12-19 a mortgage on this property was transferred from 285 Madison Funding LLC to Aareal Capital Corporation. Show Details
    • On 2012-12-19 a mortgage on this property was transferred from 285 Madison Funding LLC to Aareal Capital Corporation. Show Details
    • Fortieth-Madison Realty Company Satisfied their Mortgage with Inc. Young & Rubicam on 2012-12-14. Show Details
    • Mortgage Agreement for $0.00 dated 2012-12-14 between 285 Madison Funding LLC and Young & Rubicam Inc. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by 285 Madison Funding LLC or 2012-12-14 Show Details
    • 285 Madison Owner LLC took a mortgage for $24,246,133.00 from 285 Madison Funding LLC on 2012-12-14. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by 285 Madison Funding LLC or 2012-12-14 Show Details
    • 285 Madison Owner LLC took a mortgage for $23,042,756.00 from 285 Madison Funding LLC on 2012-12-14. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by 285 Madison Funding LLC or 2012-12-17 Show Details
    • 285 Madison Owner LLC took a mortgage for $14,671,259.38 from 285 Madison Funding LLC on 2012-12-17. Show Details
    • An Assignment of Leases and Rents was granted to 285 Madison Owner LLC by 285 Madison Funding LLC or 2012-12-14 Show Details
    • 285 Madison Owner LLC took a mortgage for $78,039,851.62 from 285 Madison Funding LLC on 2012-12-14. Show Details
    • Young & Rubicam Inc. sold this property to 285 Madison Owner LLC for $189,250,000.00 on 2012-12-14. Show Details
    • Initial UCC1 dated 2001-01-23, Debtor: Burger Heaven Restaurant Corp., Secured Party: J. Pappas Construction Corp., Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1996-04-25 between Grand Central District Management Association, INC and New Ork City Department Of Transportation Show Details
    • On 1983-05-25 a mortgage on this property was transferred from Metropolitan Life Ins Co to Young & Rubicam Inc.. Show Details
    • Metropolitan Life Ins Co sold this property to Young & Rubicam Inc. for $0.00 on 1983-05-23. Show Details
    • On 1980-10-17 a mortgage on this property was transferred from Fourtieth Mdsn Rltyco to Young & Rubicam Inc. Show Details

    Lot

    Address
    23 E 40th St, 10016
    Square Footage
    21,825
    Lot Type
    Corner
    Dimensions
    150.67ft x 175.0ft
    BBL
    1012750023

    Neighborhood

    Neighborhood
    Murray Hill
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    14
    Fire Company
    E021
    School District
    2
    Census Tract
    82

    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
    $23,400,000
    MV Total
    $105,454,000
    AV Land
    $10,530,000
    AV Total
    $47,454,300

    Floor Area Ratio

    Built FAR
    18.65

    Residential
    Zoned FAR 10.0
    Max 218,250.0 sq. ft.
    Remaining -188,877.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 327,375.0 sq. ft.
    Remaining -79,752.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 327,375.0 sq. ft.
    Remaining -79,752.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1926
    Alterations
    N/A
    Floors
    28.0
    Residential Units
    0
    Total Units
    11
    Floor Area
    407127
    Basement
    Full Basement Below Grade
    Proximity
    Attached

    Crime

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

    Property Crime

    Very high
    In 2015 the Midtown South Precinct saw 11196 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

    Very high
    In 2015 the Midtown South Precinct saw 2014 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