245 5th Ave
Flatiron
New York, NY, 10016

Built in 1927 this 258,639 sq.ft. building is 96% Office Space, 4% Retail and contains 0 residential units and 73 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
    • 23rd St Route CRoute E 13 Minute walk, 0.7 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 15 Minute walk, 0.8 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 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. 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

    Units at this Address

    PriceUnitLast UpdateStatusPublic Records
    607Off Market2

    Public Records

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    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-03-03. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-03-03. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-03-03. Show Details
    • Initial UCC1 dated 2016-03-03, Secured Party: American General Life Insurance Company & The Variable Annuity Life Insurance Company & The United States Life Insurance Company In The Show Details
    • An Assignment of Leases and Rents was filed on 2016-02-12 Show Details
    • A mortgage agreement for $160,000,000.00 was filed on 2016-02-12 Show Details
    • A $10,000,000.01 mortgage was taken from The United States Life Insurance Company In The & The Variable Annuity Life Insurance Company & American General Life Insurance Company on 2016-02-12. Show Details
    • On 2016-02-12 a mortgage on this property was transferred from New York Branch Deutsche Bank Ag to The United States Life Insurance Company In The & The Variable Annuity Life Insurance Company & American General Life Insurance Company. Show Details
    • On 2016-02-12 a mortgage on this property was transferred from New York Branch Deutsche Bank Ag to American General Life Insurance Company & The Variable Annuity Life Insurance Company & The United States Life Insurance Company In The. Show Details
    • On 2016-02-12 a mortgage on this property was transferred from New York Branch Deutsche Bank Ag to American General Life Insurance Company & The Variable Annuity Life Insurance Company & The United States Life Insurance Company In The. Show Details
    • UCC3 Termination dated 2016-02-05, Secured Party: N.A Bank Of America, Assignee: Show Details
    • This property was sold for $0.00 on 2015-05-22. Show Details
    • This property was sold for $0.00 on 2015-05-22. Show Details
    • An Assignment of Leases and Rents was filed on 2014-07-11 Show Details
    • A $10,000,000.00 mortgage was taken from Deutsche Bank Ag on 2014-07-11. Show Details
    • An Assignment of Leases and Rents was filed on 2014-07-11 Show Details
    • A $10,000,000.00 mortgage was taken from Deutsche Bank Ag on 2014-07-11. Show Details
    • An Assignment of Leases and Rents was filed on 2014-07-11 Show Details
    • A mortgage agreement for $130,000,000.00 was filed on 2014-07-11 Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-07-24. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2014-07-24. Show Details
    • On 2014-07-03 a mortgage on this property was transferred from U.S. Bank National Association to Deutsche Bank Ag. Show Details
    • On 2014-07-03 a mortgage on this property was transferred from N.A. Bank Of America to U.S. Bank National Association. Show Details
    • UCC3 Termination dated 2014-07-16, Secured Party: Bankof America, N.A., As Trustee For The Registere, Assignee: Show Details
    • UCC3 Amendment dated 2012-01-17, Secured Party: Citibank, NA Show Details
    • Initial Coop UCC1 dated 2011-12-02, Secured Party: Citibank, NA Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-11-14. Show Details
    • Initial UCC1 dated 2011-04-22, Secured Party: N.A Bank Of America Show Details
    • UCC3 Amendment dated 2011-04-22, Secured Party: N.A Bank Of America Show Details
    • A mortgage agreement for $140,000,000.00 was filed on 2011-04-08 Show Details
    • This property was sold for $161,500,000.00 on 2011-04-08. Show Details
    • Landmark Designation (Other Documents) was filed on 2010-11-30. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2009-10-02. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2009-10-02. Show Details
    • On 2009-07-06 a mortgage on this property was transferred from Wells Fargo Bank, N.A., As Trustee For The Registe to Bank Of America, N.A., As Trustee For The Register. Show Details
    • On 2007-04-26 a mortgage on this property was transferred from Column Financial to Wells Fargo Bank As Trustee. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2008-11-03. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2008-09-19. Show Details
    • UCC3 Termination dated 2007-05-07, Secured Party: New York Life Insurance Company, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-05-07. Show Details
    • Initial UCC1 dated 2007-05-07, Secured Party: Column Financial, INC Show Details
    • An Assignment of Leases and Rents was filed on 2007-04-26 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2007-05-07. Show Details
    • On 2007-04-26 a mortgage on this property was transferred from New York Life Insurance Company to Column Financial, INC. Show Details
    • This property was sold for $190,000,000.00 on 2007-04-26. Show Details
    • This property was sold for $0.00 on 2007-02-01. Show Details
    • Initial UCC1 dated 2005-07-05, Secured Party: New York Life Insurance Company Show Details
    • An Assignment of Leases and Rents was filed on 2005-05-26 Show Details
    • A $37,500,000.00 mortgage was taken from New York Life Insurance Company on 2005-05-26. Show Details
    • A mortgage with Troy Savings Bank was satisfied on 2000-11-14. Show Details
    • This property was sold for $0.00 on 2000-05-08. Show Details
    • Withheld Satisfaction (Mortgages & Instruments) was filed on 2000-05-18. Show Details
    • This property was leased on 2000-05-08 Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Show Details
    • A mortgage with Chase Manhattan Bank was satisfied on 2000-02-01. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Show Details
    • A mortgage with Chase Manhattan Bank was satisfied on 2000-02-01. Show Details
    • A mortgage with Chase Manhattan Bank was satisfied on 2000-02-01. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Show Details
    • UCC3 Termination dated 2000-01-26, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • A mortgage agreement for $0.00 was filed on 1999-06-07 Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1998-09-04. Show Details
    • A mortgage agreement for $0.00 was filed on 1998-07-20 Show Details
    • A mortgage agreement for $0.00 was filed on 1997-06-02 Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1997-03-05. Show Details
    • A $7,716,985.30 mortgage was taken from Chase Manhattan Bank on 1996-02-16. Show Details
    • A $12,637,500.41 mortgage was taken from Chase Manhattan Bank on 1996-02-16. Show Details
    • A $10,750,000.00 mortgage was taken from Chase Manhattan Bank on 1995-04-28. Show Details
    • A $1,766,002.26 mortgage was taken from Chase Manhattan Bank on 1995-04-28. Show Details
    • On 1995-01-06 a mortgage on this property was transferred from R.D. Trustee Manella & First National Bankof Chicago to N.A. Chase Manhattan Bank. Show Details
    • A $10,750,000.00 mortgage was taken from Chase Manhattan Bank on 1995-01-06. Show Details
    • Initial UCC1 dated 1994-12-07, Secured Party: Chase Manhattan Bankn.A. Show Details
    • A mortgage agreement for $0.00 was filed on 1994-03-04 Show Details
    • Initial UCC1 dated 1994-02-02, Secured Party: Chase Manhattan Bankn.A. Show Details
    • A $1,152,000.00 mortgage was taken from Chase Manhattan Bank on 1994-02-01. Show Details
    • A mortgage agreement for $0.00 was filed on 1993-02-23 Show Details
    • A mortgage agreement for $0.00 was filed on 1993-02-23 Show Details
    • A mortgage agreement for $0.00 was filed on 1993-02-23 Show Details
    • A mortgage agreement for $0.00 was filed on 1991-04-10 Show Details
    • A $2,000,000.00 mortgage was taken from Chase Manhattan Bankna on 1991-04-10. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1991-04-04. Show Details
    • Initial UCC1 dated 1991-04-04, Secured Party: N.A. Chase Manhattan Bank Show Details
    • UCC3 Termination dated 1990-01-29, Secured Party: Foxmeyer Corp, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1990-01-29. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1989-04-06. Show Details
    • A $2,734,000.00 mortgage was taken from Chase Manhattan Bank on 1989-04-05. Show Details
    • A mortgage agreement for $0.00 was filed on 1989-04-05 Show Details
    • Initial UCC1 dated 1988-12-16, Secured Party: Foxmeyer Corp Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1988-12-16. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1988-07-20. Show Details
    • A mortgage agreement for $0.00 was filed on 1986-04-02 Show Details
    • A $1,529,931.34 mortgage was taken from Chase Manhattan Bankna on 1986-04-02. Show Details
    • On 1986-04-02 a mortgage on this property was transferred from East N.Y. Savings Bank to Chase Manhattan Bank, NA. Show Details
    • A mortgage agreement for $0.00 was filed on 1986-04-02 Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1986-04-02. Show Details
    • This property was sold for $0.00 on 1983-03-28. Show Details
    • A $0.00 mortgage was taken from First Ntnl Bk Chicago & Rr Tr Manchester on 1969-12-08. Show Details
    • On 1969-12-08 a mortgage on this property was transferred from Alpha Associates to Investment Properties. Show Details
    • On 1969-04-14 a mortgage on this property was transferred from F W A Realty Corp to Alpha Associates. Show Details
    • ... and 2 older documents.

    Lot

    Address
    245 5th Ave, 10016
    Square Footage
    11,100
    Lot Type
    Corner
    Dimensions
    86.83ft x 125.0ft
    BBL
    1008570076

    Neighborhood

    Neighborhood
    Flatiron
    Historic District
    Madison Square North
    Community District
    05
    City Council
    2
    Police Precinct
    13
    Fire Company
    E001
    School District
    2
    Census Tract
    56

    Zoning

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

    Assessment

    Tax Class
    4
    MV Land
    $13,000,000
    MV Total
    $75,715,000
    AV Land
    $5,850,000
    AV Total
    $34,071,750

    Floor Area Ratio

    Built FAR
    23.3

    Residential
    Zoned FAR 10.0
    Max 111,000.0 sq. ft.
    Remaining -147,639.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 111,000.0 sq. ft.
    Remaining -147,639.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 111,000.0 sq. ft.
    Remaining -147,639.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1927
    Alterations
    N/A
    Floors
    24.0
    Residential Units
    0
    Total Units
    73
    Floor Area
    258639
    Basement
    Full Basement Below Grade
    Proximity
    Unknown

    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