242 5th Ave
Flatiron
New York, NY, 10001

Built in 1922 this 12,162 sq.ft. building is 25% Retail, 75% Other and contains 4 residential units and 1 non-residential units.

This property is currently Off Market.

    Transit

    • 28th St Route NRoute R 2 Minute walk, 0.1 Miles
    • 28th St Route 6 4 Minute walk, 0.2 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 6 Minute walk, 0.3 Miles
    • 28th St Route 1 7 Minute walk, 0.4 Miles
    • 34th St Route 1Route 2Route 3 10 Minute walk, 0.5 Miles
    • Union Square Route LRoute NRoute QRoute RRoute 4Route 5Route 6 12 Minute walk, 0.6 Miles
    • 34th St Route ARoute CRoute E 14 Minute walk, 0.7 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 16 Minute walk, 0.8 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • P.S. 033 Chelsea Prep
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Chingchien Wang
        • Phone: 212-244-6426
        • Address: 281 9 Avenue
        • Website: schools.nyc.gov
    • Middle School

      • Warning: This property is located near the boundary of it's school zone.
      • Zoned to District 2. No zoned school. Contact 718-935-2383 for more information.
    • High School

      • Citywide High School Choice

    Public Records

    Get a free price estimate for this property to determine how much it should sell for. Start Now

    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-09-21. Parties: 242 Gramercy Fifth LLC, Metropolitan Commercial Bank Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-09-21. Parties: 242 Gramercy Fifth LLC, Metropolitan Commercial Bank Show Details
    • An Assignment of Leases and Rents was granted to 242 Gramercy Fifth LLC by Metropolitan Commercial Bank or 2016-09-14 Show Details
    • Mortgage Agreement for $12,500,000.00 dated 2016-09-14 between 242 Gramercy Fifth LLC and Metropolitan Commercial Bank Show Details
    • 242 Gramercy Fifth LLC took a mortgage for $4,811,525.90 from Metropolitan Commercial Bank on 2016-09-14. Show Details
    • An Assignment of Leases and Rents was granted to 242 Gramercy Fifth LLC by Metropolotan Commercial Bank or 2014-03-21 Show Details
    • 242 Gramercy Fifth LLC took a mortgage for $5,700,000.00 from Metropolotan Commercial Bank on 2014-03-21. Show Details
    • Certificate (Other Documents) was filed on 2013-05-15. Parties: Ridge Abstract Corp Show Details
    • Zoning Lot Description (Other Documents) was filed on 2013-05-15. Parties: 242 Gramercy Fifth LLC Show Details
    • Initial UCC1 dated 2013-01-07, Debtor: 242 Gramercy Fifth LLC, Secured Party: Metropolitian National Bank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 242 Gramercy Fifth LLC by Metropolitan National Bank or 2012-12-19 Show Details
    • 242 Gramercy Fifth LLC took a mortgage for $2,000,000.00 from Metropolitan National Bank on 2012-12-19. Show Details
    • 242 Fifth Realty, LLC sold this property to 242 Gramercy Fifth LLC for $10,275,000.00 on 2012-12-19. Show Details
    • Landmark Designation (Other Documents) was filed on 2010-11-30. Parties: Landmarks Preservation Comm. Of The City Of Ny & Landmarks Preservation Comm Of The City Of Ny Show Details
    • 242 Fifth Realty, LLC Satisfied their Mortgage with Kimmel, As Nominee, Jay on 2008-08-15. Show Details
    • 242 Fifth Realty, LLC took a mortgage for $2,500,000.00 from Jay Kimmel on 2007-06-11. Show Details
    • Discharge Of Tax Lien (Other Documents) was filed on 2002-02-27. Parties: Bank Of New York Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2001-09-18. Parties: Lp. Daniel Perla Associates, North Fork Bank Show Details
    • Tax Lien Sale Certificate (Other Documents) was filed on 2001-06-28. Parties: Bank Of New York, Bank Of New York Show Details
    • C.T. Wan & Co. sold this property to 242 Fifth Realty, LLC for $0.00 on 1998-01-05. Show Details
    • On 1997-04-24 a mortgage on this property was transferred from L.P. Daniel Perla Associates to North Fork Bank. Show Details
    • C.T. Wan & Co. Satisfied their Mortgage with Juda Safdeye on 1994-04-21. Show Details
    • On 1994-04-13 a mortgage on this property was transferred from C.T. Wan & Co. to China Trust Bank. Show Details
    • C.T. Wan & Co. took a mortgage for $180,000.00 from China Trust Bank on 1994-04-13. Show Details
    • C.T. Wan & Co. took a mortgage for $800,000.00 from Juda Safdeye on 1982-12-22. Show Details
    • Juda Safdeye sold this property to C. T. Wan & Co. for $0.00 on 1982-10-01. Show Details

    Building Tips

    Lot

    Address
    242 5th Ave, 10001
    Square Footage
    2,500
    Lot Type
    Inside
    Dimensions
    25.0ft x 100.0ft
    BBL
    1008290039

    Neighborhood

    Neighborhood
    NeighborhoodContent object
    Historic District
    Madison Square North
    Community District
    05
    City Council
    2
    Police Precinct
    13
    Fire Company
    E001
    School District
    2
    Census Tract
    58

    Zoning

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

    Assessment

    Tax Class
    2A
    MV Land
    $1,080,000
    MV Total
    $1,761,519
    AV Land
    $486,000
    AV Total
    $792,684

    Floor Area Ratio

    Built FAR
    4.86

    Residential
    Zoned FAR 10.0
    Max 25,000.0 sq. ft.
    Remaining 12,838.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 25,000.0 sq. ft.
    Remaining 12,838.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 25,000.0 sq. ft.
    Remaining 12,838.0 sq. ft.

    Building

    Category
    Residence - Multiple Use
    Class
    Primarily 4 Family With 1 Store Or Office
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    2
    Year Built
    1922
    Alterations
    N/A
    Floors
    5.0
    Residential Units
    4
    Total Units
    5
    Floor Area
    12162
    Basement
    Full Basement Below Grade
    Proximity
    Attached

    Crime

    This property is located in the 13th Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the 13th Precinct saw 1756 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

    Low
    In 2015 the 13th Precinct saw 390 felony violent crimes (Murder, Rape, Robbery and Felony Assault) committed per 100,000 residents**. This is lower 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