261 5th Ave
Midtown South
New York, NY, 10016

Built in 1928 this 444,716 sq.ft. building is 96% Office Space, 4% Retail and contains 0 residential units and 72 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 9 Minute walk, 0.5 Miles
    • Union Square Route LRoute NRoute QRoute RRoute 4Route 5Route 6 13 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

    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

    Public Records

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

    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2015-12-09. Parties: 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC, As Trustee U.S. Bank National Association, As Trustee U.S. Bank National Association Show Details
    • On 2015-12-03 a mortgage on this property was transferred from As Trustee U.S. Bank National Association to As Trustee U.S. Bank National Association. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2015-10-14. Parties: 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC, N.A. Bank Of America, As Trustee U.S. Bank National Association Show Details
    • On 2015-09-16 a mortgage on this property was transferred from N.A. Bank Of America to As Trustee U.S. Bank National Association. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-08-21. Parties: National Association U.S. Bank, 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC Show Details
    • Initial UCC1 dated 2015-08-21, Debtor: 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC, Secured Party: N.A. Bank Of America, Assignee: Show Details
    • Mortgage Agreement for $180,000,000.00 dated 2015-08-06 between 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC and N.A. Bank Of America Show Details
    • 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC took a mortgage for $39,000,000.00 from N.A. Bank Of America on 2015-08-06. Show Details
    • On 2015-07-31 a mortgage on this property was transferred from Nationalassociation U.S. Bank to N.A. Bank Of America. Show Details
    • Landmark Designation (Other Documents) was filed on 2010-11-30. Parties: Landmarks Preservation Comm Of The City Of Ny Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2006-02-06. Parties: 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Ave LLC, Morgan Stanley Mortgage Capital Inc., U.S. Bank, National Association, As Trustee Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-02-06. Parties: Morgan Stanley Mortgage Capital Inc., U.S. Bank, National Association, As Trustee Show Details
    • On 2005-11-30 a mortgage on this property was transferred from Morgan Stanley Mortgage Capital Inc. to U.S. Bank, National Association, As Trustee. Show Details
    • An Assignment of Leases and Rents was granted to Morgan Stanley Mortgage Capital Inc. by 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Ave LLC or 2005-07-28 Show Details
    • Mortgage Agreement for $141,000,000.00 dated 2005-07-28 between 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Ave LLC and Morgan Stanley Mortgage Capital Inc. Show Details
    • 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Ave LLC took a mortgage for $81,000,000.00 from Morgan Stanley Mortgage Capital Inc. on 2005-07-28. Show Details
    • On 2005-07-28 a mortgage on this property was transferred from As Trustee Lasalle Bank National Association to Morgan Stanley Mortgage Capital Inc.. Show Details
    • Mortgage Agreement for $0.00 dated 2005-07-28 between 261 Fifth Avenue Tic Owner LLC and 261 Feil Fifth LLC & Ics 261 LLC & Normandy Management Company & 261 Fifth Avenue Mlo Associates LLC & Enterprise 261 Fifth Associates LLC & Normandy 261 5Th Ave LLC & Western Heritable Investment Company (Us) Ltd Show Details
    • L.L.C. 261 Fifth Avenue sold this property to 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Avenue LLC for $180,000,000.00 on 2005-07-28. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-09-27. Parties: As Trustee Lasalle Bank National Association, L.L.C. 261 Fifth Avenue Show Details
    • UCC3 Termination dated 2005-09-19, Debtor: 261 Fifth Avenue LLC, Secured Party: Lasalle Bank National Association, Assignee: Show Details
    • Initial UCC1 dated 2005-09-19, Debtor: 261 Fifth Avenue Tic Owner LLC & Normandy 261 5Th Ave LLC, Secured Party: Morgan Stanley Mortgage Capital Inc., Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-01-28. Parties: L.L.C. 261 Fifth Avenue, Lehman Brothers Bank, FSB, As Trustee* Lasalle Bank National Association Show Details
    • UCC3 Termination dated 2004-11-03, Debtor: Inc. Regency Home Fashions, Secured Party: Joseph D Long, Assignee: Show Details
    • Initial UCC1 dated 2004-11-03, Debtor: 261 Fifth Avenue, LLC, Secured Party: Lehman Brothers Bank, FSB, Assignee: Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2004-10-13. Parties: Lehman Brothers Bank, FSB, As Trustee Lasalle Bank National Association Show Details
    • On 2004-02-11 a mortgage on this property was transferred from Lehman Brothers Bank to As Trustee Lasalle Bank National Association. Show Details
    • An Assignment of Leases and Rents was granted to Lehman Brothers Bank, FSB by L.L.C. 261 Fifth Avenue or 2004-02-11 Show Details
    • L.L.C. 261 Fifth Avenue took a mortgage for $60,000,000.00 from Lehman Brothers Bank, FSB on 2004-02-11. Show Details
    • Smii Fifth Avenue LLC sold this property to L.L.C. 261 Fifth Avenue for $114,000,000.00 on 2004-02-11. Show Details
    • UCC3 Termination dated 2004-01-13, Debtor: Inc. Beacon Looms, Secured Party: Summit Bank, Assignee: Show Details
    • Initial UCC1 dated 2003-06-20, Debtor: Regency Home Fashions Inc, Secured Party: D J Long, Assignee: Show Details
    • 261 Fifth Avenue Corporation Satisfied their Mortgage with Equitable Life Assurance Society/The U.S. on 2000-11-14. Show Details
    • Withheld Satisfaction (Mortgages & Instruments) was filed on 2000-05-18. Parties: 5Th Ave. Corp., Equitable Life Assurance Society Of The U.S. Show Details
    • Investment Properties Assocs. sold this property to Smii 5Th Ave. LLC for $0.00 on 2000-05-08. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Parties: Chase Manhattan Bank Show Details
    • Investment Properties Associates Satisfied their Mortgage with Chase Manhattan Bank on 2000-02-01. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Parties: Chase Manhattan Bank Show Details
    • Investment Properties Associates Satisfied their Mortgage with Chase Manhattan Bank on 2000-02-01. Show Details
    • Investment Properties Associates Satisfied their Mortgage with Chase Manhattan Bank on 2000-02-01. Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Parties: Chase Manhattan Bank Show Details
    • A Miscellaneous legal document filed on 2000-02-01. Parties: Chase Manhattan Bank Show Details
    • UCC3 Termination dated 2000-01-26, Debtor: Investment Properties Associates, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1999-06-07 between L.P. Investment Properties Associates and Chase Manhattan Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1998-09-04. Parties: Investment Properties Associates, Chase Manhattan Bankn.A. Show Details
    • Mortgage Agreement for $0.00 dated 1998-07-20 between Investment Properties Associates and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1997-06-02 between Investment Properties Associates and Chase Manhattan Bank Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1997-03-05. Parties: Investment Properties Associates, Chase Manhattan Bankn.A., The Chase Manhattan Bank Show Details
    • Investment Properties Associates took a mortgage for $12,637,500.41 from Chase Manhattan Bank on 1996-02-16. Show Details
    • Investment Properties Associates took a mortgage for $7,177.00 from Chase Manhattan Bank on 1996-02-16. Show Details
    • Investment Properties Associates took a mortgage for $10,750,000.00 from Chase Manhattan Bank on 1995-04-28. Show Details
    • Investment Properties Associates took a mortgage for $1,766,002.26 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
    • Investment Properties Associates took a mortgage for $10,750,000.00 from Chase Manhattan Bank on 1995-01-06. Show Details
    • Initial UCC1 dated 1994-12-07, Debtor: Investment Properties Associates, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1994-03-04 between Chase Manhattan Bank and First Natinonal Bankof Chicago Trst & R.D. Trustee Manella Show Details
    • Initial UCC1 dated 1994-02-02, Debtor: Investment Properties Associates, Secured Party: Chase Manhattan Bankn.A., Assignee: Show Details
    • Investment Properties Associates took a mortgage for $2,586,000.00 from Chase Manhattan Bank on 1994-02-01. Show Details
    • Mortgage Agreement for $0.00 dated 1993-02-23 between Investment Prpts Assoc and Chase Manhattan Bankna Show Details
    • Mortgage Agreement for $0.00 dated 1993-02-23 between Investment Prprts Assoc and Chase Manhattan Bankna Show Details
    • Mortgage Agreement for $0.00 dated 1991-04-10 between R.D. Tr Manella & First Natl Bk Chicago Tr and Chase Manhattan Bankna Show Details
    • Investment Ppts Assoc took a mortgage for $3,200,000.00 from Chase Manhattan Bankna on 1991-04-10. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1991-04-04. Parties: Investment Prprts Assoc, Chase Manhattan Bankna Show Details
    • Initial UCC1 dated 1991-04-04, Debtor: Investment Properties Associates, Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • On 1986-11-17 a mortgage on this property was transferred from Bowery Savings Bank to Chase Manhattan Bank. Show Details
    • Mortgage Agreement for $0.00 dated 1986-10-29 between Na Chase Manhattan Bk and Investment Propertsasoc Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1986-10-29. Parties: Investtment Propts Asoc, Na Chase Manhattan Bk Show Details
    • Mortgage Agreement for $0.00 dated 1986-04-23 between Investment Propertsasoc and Bowery Savings Bank Show Details
    • Mortgage Agreement for $0.00 dated 1984-08-27 between First Natl Bank/Chicago and Bowery Savings Bank Show Details
    • Investment Proprts Assoc took a mortgage for $250,000.00 from Bowery Savings Bank on 1984-08-27. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1984-08-27. Parties: Investment Propertsasoc Show Details
    • Mortgage Agreement for $0.00 dated 1981-01-14 between Bowery Savings Bank and Investment Properties Show Details
    • Mortgage Agreement for $0.00 dated 1972-10-03 between Investment Properties and Bowery Savings Bank & Cone Mills Corp Show Details
    • Sundry Mortgage (Mortgages & Instruments) was filed on 1972-10-03. Parties: R R Manchester & First Ntnl Bnk Chicago, Bowery Savings Bank Show Details
    • On 1972-10-03 a mortgage on this property was transferred from Investment Properties to Bowery Savings Bank. Show Details
    • Investment Properties took a mortgage for $0.00 from Bowery Savings Bank on 1972-10-03. Show Details
    • Investment Properties took a mortgage for $0.00 from First Ntnl Bk Chicago & Rr Tr Manchester on 1969-12-08. Show Details
    • Alpha Associates sold this property to Investment Properties for $0.00 on 1969-12-08. Show Details
    • F W A Realty Corp sold this property to Alpha Associates for $0.00 on 1969-12-08. Show Details
    • Wolfson Trust Furman & Frank E Tr Winter & Harry B Tr Helmisley & Irving Tr Schneider sold this property to F W B Realty Corp for $0.00 on 1969-12-08. Show Details
    • Newkarp Realty Corp & Morson Realty Corp & Hay-Man Realty Corp & Forson Realty Corp sold this property to Irving D Tr Karpas & Morris Tr Furman & Joseph Tr Shalom & Furman-Wolfson Trust & George M Tr Shapiro & Herman Tr Wolfson for $0.00 on 1967-05-12. Show Details
    • Mortgage Agreement for $0.00 dated 1967-02-28 between Bowery Savings Bank and Celia Edelstein Show Details
    • Celia Edelstein sold this property to Newkorp Realty Corp & Morson Realty Corp & Hay-Man Realty Corp & Forson Realty Corp for $0.00 on 1967-02-02. Show Details
    • Celia Edelstein took a mortgage for $0.00 from Bowery Savings Bank on 1967-02-02. Show Details
    • Newkorp Realty Corp & Morson Realty Corp & Hay-Man Realty Corp & Forson Realty Corp sold this property to Celia Edelstein for $0.00 on 1967-02-02. Show Details

    Lot

    Address
    261 5th Ave, 10016
    Square Footage
    15,849
    Lot Type
    Corner
    Dimensions
    98.75ft x 160.5ft
    BBL
    1008580078

    Neighborhood

    Neighborhood
    Midtown South
    Historic District
    Madison Square North
    Community District
    05
    City Council
    4
    Police Precinct
    13
    Fire Company
    E001
    School District
    2
    Census Tract
    74

    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
    $24,700,000
    MV Total
    $88,361,000
    AV Land
    $11,115,000
    AV Total
    $39,762,450

    Floor Area Ratio

    Built FAR
    28.06

    Residential
    Zoned FAR 10.0
    Max 158,490.0 sq. ft.
    Remaining -286,226.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 158,490.0 sq. ft.
    Remaining -286,226.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 158,490.0 sq. ft.
    Remaining -286,226.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1928
    Alterations
    N/A
    Floors
    25.0
    Residential Units
    0
    Total Units
    72
    Floor Area
    444716
    Basement
    Full Basement Below Grade
    Proximity
    Semi-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