371 7th Ave
Midtown South
New York, NY, 10001

Built in 1929 this 22,500 sq.ft. building is 76% Garage Space, 24% Retail and contains 529 residential units and 9 non-residential units.

This property is currently Off Market.

    Transit

    • 34th St Route 1Route 2Route 3 1 Minute walk, 0.1 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 5 Minute walk, 0.3 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 9 Minute walk, 0.5 Miles
    • 33rd St Route 6 12 Minute walk, 0.6 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 13 Minute walk, 0.7 Miles
    • 14th St Route FRoute LRoute MRoute 1Route 2Route 3 16 Minute walk, 0.8 Miles
    • Union Square Route LRoute NRoute QRoute RRoute 4Route 5Route 6 20 Minute walk, 1.0 Miles

    Schools

    • Elementary School

      • 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

      • Zoned to District 2. No zoned school. Contact 718-935-2383 for more information.
    • High School

      • Citywide High School Choice

    Public Records

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    • Initial UCC1 dated 2016-12-22, Secured Party: Breds Iii Loan Holdings LLC Show Details
    • An Assignment of Leases and Rents was filed on 2016-12-20 Show Details
    • A mortgage agreement for $158,750,000.00 was filed on 2016-12-20 Show Details
    • A $18,750,000.00 mortgage was taken from Breds Iii Loan Holdings LLC on 2016-12-20. Show Details
    • On 2016-12-20 a mortgage on this property was transferred from N.A. Bank Of America to Breds Iii Loan Holdings LLC. Show Details
    • This property was sold for $212,500,000.00 on 2016-12-20. Show Details
    • This property was sold for $137,642,000.00 on 2016-10-19. Show Details
    • This property was sold for $0.00 on 2016-10-19. Show Details
    • A $140,000,000.00 mortgage was taken from N.A. Bank Of America on 2016-10-19. Show Details
    • On 2016-10-19 a mortgage on this property was transferred from L.L.C. Bsrecp Ii Joint Us Origination Ii Seller & N.A. Bank Of America to N.A. Bank Of America. Show Details
    • A $140,000,000.00 mortgage was taken from L.L.C Bsrecp Ii Joint Us Origination Ii Seller & N.A. Bank Of America on 2016-10-19. Show Details
    • A mortgage agreement for $410,000,000.00 was filed on 2016-10-19 Show Details
    • On 2016-10-19 a mortgage on this property was transferred from Wells Fargo Bank, N.S.,Trustee Gs Mortgage to Bsrecp Ii Joint Us Origination Ii Seller, LLC & N.A. Bank Of America. Show Details
    • This property was sold for $0.00 on 2013-04-20. Show Details
    • UCC3 Termination dated 2013-05-06, Secured Party: N.A. Keybank, Assignee: Show Details
    • UCC3 Termination dated 2013-05-06, Secured Party: N.A. Keybank, Assignee: Show Details
    • On 2013-04-17 a mortgage on this property was transferred from Goldman Sachs Mortgage Company to Wells Fargo Bank, National Association, Trustee. Show Details
    • Release dated 2012-12-27. Show Details
    • Release dated 2012-12-27. Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2013-01-31. Show Details
    • On 2012-12-27 a mortgage on this property was transferred from Keybank National Association to Goldman Sachs Mortgage Company. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2012-03-02. Show Details
    • UCC3 Amendment dated 2011-08-10, Secured Party: Keybank, N.A., As Agent Show Details
    • Initial UCC1 dated 2011-08-10, Secured Party: Keybank National Association Show Details
    • An Assignment of Leases and Rents was filed on 2011-07-29 Show Details
    • A mortgage agreement for $280,000,000.00 was filed on 2011-07-29 Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2010-08-24. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2010-08-24. Show Details
    • On 2010-08-17 a mortgage on this property was transferred from Hypo Real Estate Capital Corporation to N.A. Keybank. Show Details
    • An Assignment of Leases and Rents was filed on 2010-08-03 Show Details
    • A mortgage agreement for $280,000,000.00 was filed on 2010-08-03 Show Details
    • UCC3 Termination dated 2007-11-19, Secured Party: Column Financial, INC, Assignee: Show Details
    • An Assignment of Leases and Rents was filed on 2007-07-09 Show Details
    • A mortgage agreement for $280,000,000.00 was filed on 2007-07-09 Show Details
    • On 2007-07-09 a mortgage on this property was transferred from Wells Fargo Bank N.A. to Hypo Real Estate Capital Corporation. Show Details
    • Initial UCC1 dated 2007-07-11, Secured Party: Hypo Real Estate Capital Corporation Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2007-07-10. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2007-06-14. Show Details
    • On 2006-05-10 a mortgage on this property was transferred from Inc. Column Financial to Wells Fargo Bank, N.A., As Trustee. Show Details
    • An Assignment of Leases and Rents was filed on 2005-12-29 Show Details
    • A mortgage agreement for $280,000,000.00 was filed on 2005-12-09 Show Details
    • A $91,786,277.74 mortgage was taken from Column Financial Inc on 2005-12-29. Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2006-07-01. Show Details
    • A mortgage agreement for $77,000,000.00 was filed on 2005-12-29 Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-07-01. Show Details
    • On 2005-12-29 a mortgage on this property was transferred from Manufacturers And Traders Trust Company to Column Financial, INC. Show Details
    • This property was sold for $0.00 on 2005-12-29. Show Details
    • Termination Of Lease Or Memo (Other Documents) was filed on 2006-07-01. Show Details
    • This property was sold for $644,746,947.00 on 2006-01-06. Show Details
    • Initial UCC1 dated 2006-02-21, Secured Party: Column Financial, INC Show Details
    • A mortgage agreement for $0.00 was filed on 2005-10-17 Show Details
    • A Miscellaneous legal document filed on 2002-05-01. Show Details
    • A Miscellaneous legal document filed on 2002-05-01. Show Details
    • A Miscellaneous legal document filed on 2002-02-19. Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • On 2002-02-08 a mortgage on this property was transferred from 125 East 50Th Co., LLC & 371 Seventh Avenue Co., LLC to Manufacturers And Traders Trust Company. Show Details
    • A $80,000,000.00 mortgage was taken from Manufacturers And Traders Trust Company on 2002-02-08. Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 2002-02-08, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • Initial UCC1 dated 2002-01-24, Secured Party: Manufacturers And Traders Trust Company Show Details
    • Initial UCC1 dated 2002-01-17, Secured Party: Manufacturers And Traders Trust Company Show Details
    • This property was sold for $0.00 on 2000-01-06. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-03-14 Show Details
    • A mortgage agreement for $0.00 was filed on 1997-06-11 Show Details
    • A $50,000,000.00 mortgage was taken from Chase Manhattan Bank on 1997-06-11. Show Details
    • A $78,700,000.00 mortgage was taken from Chase Manhattan Bank on 1997-06-11. Show Details
    • A $21,300,000.00 mortgage was taken from Chase Manhattan Bank on 1997-06-11. Show Details
    • On 1997-06-02 a mortgage on this property was transferred from Chase Manhattan Bank to Chase Manhattan Bank. Show Details
    • A $9,819,225.49 mortgage was taken from Chase Manhattan Bank on 1997-06-02. Show Details
    • A mortgage with Chase Manhattan Bank was satisfied on 1997-06-02. Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1997-05-09, Secured Party: Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1990-12-03, Secured Party: S-P Drug/Mckesson Corp Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1990-12-03. Show Details
    • A Miscellaneous legal document filed on 1987-07-20. Show Details
    • On 1987-07-20 a mortgage on this property was transferred from National Westminsterbk to 3 Mitchell Place Inc. Show Details
    • This property was leased on 1978-11-27 Show Details
    • On 1977-08-31 a mortgage on this property was transferred from Chelsea Tower Co to National Bank No America. Show Details
    • A $0.00 mortgage was taken from National Bk Of No Ameri on 1977-08-31. Show Details
    • A mortgage agreement for $0.00 was filed on 1977-08-31 Show Details
    • On 1977-08-31 a mortgage on this property was transferred from Benjamin J Denihan to National Bk Of No Americ. Show Details
    • On 1977-08-31 a mortgage on this property was transferred from Manufacturers Hnvr Tr Co to National Bank No America. Show Details
    • On 1977-08-31 a mortgage on this property was transferred from Westinghouse Creditcorp to National Bank No America. Show Details
    • A Power of Attorney associated with this address was filed on 1977-08-31 Show Details
    • On 1977-08-31 a mortgage on this property was transferred from Charleseta Haynesworth & Francis P Gunning to Chelsea Tower Co. Show Details
    • Sundry Mortgage (Mortgages & Instruments) was filed on 1976-06-28. Show Details
    • A mortgage agreement for $0.00 was filed on 1976-05-18 Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1976-05-07. Show Details
    • Release dated 1976-05-07. Show Details
    • A $0.00 mortgage was taken from Westinghouse Creditcorp on 1976-05-07. Show Details
    • A $0.00 mortgage was taken from Westinghouse Creditcor on 1976-05-07. Show Details
    • On 1976-05-07 a mortgage on this property was transferred from Manufacturers Hnvr Tr Co to Westinghouse Creditcorp. Show Details
    • On 1976-05-07 a mortgage on this property was transferred from Chelsea Tower Inc to Westinghouse Creditcorp. Show Details
    • ... and 79 older documents.

    HPD Registration

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

    • Corporate Owner: 371 Seventh Avenue Co., Llc, 551 Fifth Avenue #10FL, Ny, NY 10176
    • Managing Agent: Dhg Management Company, Llc, Brooke Barrett, 551 Fifth Avenue #10FL, Ny, NY 10176
    • Head Officer: Brooke Barrett, 551 Fifth Avenue #10FL, Ny, NY 10176
    • Officer: Benjamin Denihan Jr, 551 Fifth Avenue #10FL, Ny, NY 10176
    • Shareholder: Brooke Barrett, 551 Fifth Ave #10 FL, Ny, NY 10176
    • Shareholder: Benjamin Denihan Jr, 551 Fifth Ave #10FL, Ny, NY 10176
    • Site Manager: Richard Hotter,
    • Lessee: 371 Seventh Avenue Co., Lessee Llc, 371 Seventh Ave, Nyc, NY 10001

    Lot

    Address
    371 7th Ave, 10001
    Square Footage
    19,011
    Lot Type
    Corner
    Dimensions
    88.25ft x 200.5ft
    BBL
    1008060076

    Neighborhood

    Neighborhood
    Midtown South
    Historic District
    N/A
    Community District
    05
    City Council
    3
    Police Precinct
    14
    Fire Company
    L024
    School District
    2
    Census Tract
    101

    Zoning

    Zoning District
    C6-4
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $22,600,000
    MV Total
    $143,184,000
    AV Land
    $10,170,000
    AV Total
    $64,432,800

    Floor Area Ratio

    Built FAR
    1.18

    Residential
    Zoned FAR 10.0
    Max 190,110.0 sq. ft.
    Remaining 167,610.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 190,110.0 sq. ft.
    Remaining 167,610.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 190,110.0 sq. ft.
    Remaining 167,610.0 sq. ft.

    Building

    Category
    Hotels
    Class
    Hotel; Luxury Type Built Prior To 1960
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1929
    Alterations
    N/A
    Floors
    28.0
    Residential Units
    529
    Total Units
    538
    Floor Area
    22500
    Basement
    Full Basement Below Grade
    Proximity
    Semi-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