261 1st Ave
Gramercy Park
New York, NY, 10003

Built in 1910 this 8,580 sq.ft. building is 83% Residential, 17% Retail and contains 8 residential units and 2 non-residential units.

This property is currently Off Market.

    Transit

    • 1st Av Route L 2 Minute walk, 0.1 Miles
    • 14th St-Union Square Route LRoute NRoute QRoute RRoute 4Route 5Route 6 9 Minute walk, 0.5 Miles
    • 2nd Av Route F 15 Minute walk, 0.8 Miles
    • 14th St Route FRoute LRoute MRoute 1Route 2Route 3 17 Minute walk, 0.9 Miles
    • Bleecker St Route BRoute DRoute FRoute MRoute 6 19 Minute walk, 1.0 Miles
    • Delancey St Route FRoute JRoute MRoute Z 22 Minute walk, 1.1 Miles
    • West 4th St Route ARoute BRoute CRoute DRoute ERoute FRoute M 23 Minute walk, 1.2 Miles

    Schools

    • Elementary School

      • Elementary School Choice in District 1. Contact 718-935-2003 for more information.
    • 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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    • Termination Of Assign Of L&R (Other Documents) was filed on 2013-09-06. Parties: National Association Capital One, First Avenue Equities LLC Show Details
    • Initial UCC1 dated 2013-09-06, Debtor: First Avenue Equities LLC, Secured Party: National Association Capital One, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to First Avenue Equities LLC by National Association Capital One or 2013-08-13 Show Details
    • Mortgage Agreement for $3,000,000.00 dated 2013-08-13 between First Avenue Equities LLC and National Association Capital One Show Details
    • First Avenue Equities LLC took a mortgage for $305,682.93 from National Association Capital One on 2013-08-13. Show Details
    • UCC3 Termination dated 2013-08-29, Debtor: First Ave Equities, LLC, Secured Party: National Association Captal One, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2008-07-11. Parties: First Avenue Equities LLC, North Fork Bank Show Details
    • An Assignment of Leases and Rents was granted to First Avenue Equities, LLC by North Fork Bank or 2003-07-01 Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2003-12-11. Parties: North Fork Bank, First Avenue Equities, LLC Show Details
    • Mortgage Agreement for $3,300,000.00 dated 2003-07-01 between First Avenue Equities, LLC and North Fork Bank Show Details
    • First Avenue Equities, LLC took a mortgage for $1,102,944.78 from North Fork Bank on 2003-07-01. Show Details
    • Initial UCC1 dated 2003-11-07, Debtor: First Avenue Equities, LLC, Secured Party: North Fork Bank, Assignee: Show Details
    • UCC3 Termination dated 2003-11-07, Debtor: First Avenue Equities, LLC, Secured Party: North Fork Bank, Assignee: Show Details
    • A Miscellaneous legal document filed on 2000-09-14. Parties: North Fork Bank Show Details
    • On 2000-09-14 a mortgage on this property was transferred from First Avenue Equities, LLC to North Fork Bank. Show Details
    • Mortgage Agreement for $0.00 dated 2000-09-14 between First Avenue Equities, LLC and North Fork Bank Show Details
    • First Avenue Equities, LLC took a mortgage for $1,023,479.48 from North Fork Bank on 2000-09-14. Show Details
    • Initial UCC1 dated 2000-08-28, Debtor: First Avenue Equities LLC, Secured Party: North Fork Bank, Assignee: Show Details
    • UCC3 Termination dated 2000-08-28, Debtor: First Avenue Equities, Secured Party: North Fork Bank, Assignee: Show Details
    • First Avenue Equities sold this property to First Avenue Equities LLC for $0.00 on 1996-11-14. Show Details
    • Initial UCC1 dated 1996-07-03, Debtor: First Avenue Equities, Secured Party: North Fork Bank, Assignee: Show Details
    • First Avenue Equities took a mortgage for $350,000.00 from North Fork Bank on 1996-06-27. Show Details
    • On 1996-06-27 a mortgage on this property was transferred from Trb 261-65 First Avenue Corp. to North Fork Bank. Show Details
    • On 1996-06-27 a mortgage on this property was transferred from First Avenue Equities to North Fork Bank. Show Details
    • Mortgage Agreement for $0.00 dated 1996-06-27 between First Avenue Equities and North Fork Bank Show Details
    • Ms 16 Realty Corp. Satisfied their Mortgage with Brt Realty Trust on 1994-02-03. Show Details
    • First Avenue Equities took a mortgage for $950,000.00 from Trb 261-65 First Avecrp on 1993-12-27. Show Details
    • Moshe Mizrachi & Ernest Ref Mingione & City Of New York Def & People/State/New York & Ms 16 Realty Corp Def & Louis Taubenblat sold this property to First Avenue Equities for $0.00 on 1993-12-09. Show Details
    • On 1993-12-27 a mortgage on this property was transferred from Trb 261-65 First Avecrp to First Ave Equities. Show Details
    • On 1988-02-26 a mortgage on this property was transferred from 261 First Ave Assocs to Brt Realty Trust. Show Details
    • On 1988-02-26 a mortgage on this property was transferred from Martin Hodas to Brt Realty Trust. Show Details
    • On 1988-02-26 a mortgage on this property was transferred from Fook Yen Leong & Ina Leong to Brt Realty Trust. Show Details
    • On 1988-02-26 a mortgage on this property was transferred from Gertrude G Moriarty & George D Lwt Moriarty & John J Asselta to Brt Realty Trust. Show Details
    • Ms 16 Rlty Corp took a mortgage for $200,000.00 from Brt Realty Trust on 1988-02-26. Show Details
    • Ms 16 Rlty Corp took a mortgage for $703,394.51 from Brt Rlty Trust on 1988-02-26. Show Details
    • Mortgage Agreement for $0.00 dated 1987-02-26 between 261 First Ave Assocs and Ms 16 Realty Corp Show Details
    • On 1986-08-14 a mortgage on this property was transferred from Gsl Enterprises Inc to Martin Hodas. Show Details
    • Certificate (Other Documents) was filed on 1986-06-30. Parties: Fook Yen Leong & Ina Leong Show Details
    • Ms 16 Realty Corp took a mortgage for $316,600.00 from 261 First Ave Associates on 1986-06-30. Show Details
    • 261 First Ave Assoc. sold this property to Ms 16 Realty Corp. for $0.00 on 1986-06-19. Show Details
    • 261 First Ave.Associates took a mortgage for $250,000.00 from Inc. Gsl Enterprises on 1983-04-29. Show Details
    • Yair Realty Corp. sold this property to 261 First Ave.Associates for $0.00 on 1982-11-01. Show Details
    • Yair Realty Corp. took a mortgage for $454,000.00 from Fook Yen Leong & Ina Leong on 1982-11-05. Show Details
    • Fook Yen Leong & Ina Leong sold this property to Yair Realty Corp. for $0.00 on 1982-11-01. Show Details
    • Fook Yen Leong & Ina Leong took a mortgage for $0.00 from Gertrude Gtr Moriarty & John J Tr Asselta & George D Decd Moriarty on 1978-08-17. Show Details
    • Gertrude Gtr Moriarty & John J Tr Asselta & George D Decd Moriarty sold this property to Fook Yen Leong & Ina Leong for $0.00 on 1978-08-17. Show Details
    • George D Decd Moriarty sold this property to Gertrude Gtr Moriarty & John J Tr Asselta & George D Decd Moriarty for $0.00 on 1976-12-30. Show Details
    • Moriarty George D took a mortgage for $0.00 from 261 First Ave Corp on 1966-07-05. Show Details
    • On 1966-07-05 a mortgage on this property was transferred from Austin Estates Inc. to Moriarty George D. Show Details
    • 261 First Ave Corp sold this property to Moriarty George D for $0.00 on 1966-07-05. Show Details
    • Mortgage Agreement for $0.00 dated 1966-05-06 between 261 First Ave Corp and Moriarty George D Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Oct. 18, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: First Avenue.Equities Llc, 253-11 80Th Avenue, Glen Oaks, NY 11004
    • Managing Agent: Tom Mastrangelo, Thomas Mastrangelo, 253-11 80Th Ave, Glen Oaks, NY 11004
    • Head Officer: Bruno Ilibassi, 253-11 80Th Ave, Glen Oaks, NY 11004
    • Officer: John Ilibassi, 253-11 80Th Avenue, Glen Oaks, NY 11004
    • Site Manager: Facondo Pineda,

    Lot

    Address
    261 1st Ave, 10003
    Square Footage
    2,266
    Lot Type
    Inside
    Dimensions
    28.33ft x 80.0ft
    BBL
    1009220020

    Neighborhood

    Neighborhood
    Gramercy Park
    Historic District
    N/A
    Community District
    06
    City Council
    2
    Police Precinct
    13
    Fire Company
    E005
    School District
    2
    Census Tract
    48

    Zoning

    Zoning District
    C1-6A
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2B
    MV Land
    $3,270,000
    MV Total
    $5,598,000
    AV Land
    $258,145
    AV Total
    $441,925

    Floor Area Ratio

    Built FAR
    3.79

    Residential
    Zoned FAR 4.0
    Max 9,064.0 sq. ft.
    Remaining 484.0 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 4,532.0 sq. ft.
    Remaining -4,048.0 sq. ft.

    Facility
    Zoned FAR 4.0
    Max 9,064.0 sq. ft.
    Remaining 484.0 sq. ft.

    Building

    Category
    Walk Up Apartments
    Class
    Walk-Up Apt. Over Six Families With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    1
    Year Built
    1910
    Alterations
    N/A
    Floors
    5.0
    Residential Units
    8
    Total Units
    10
    Floor Area
    8580
    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