40 E 54th St
Midtown
New York, NY, 10022

Built in 1985 this 197,948 sq.ft. building is 93% Office Space, 4% Retail, 3% Garage Space, 0% Other and contains 0 residential units and 31 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av-53rd St Route ERoute M 2 Minute walk, 0.1 Miles
    • Lexington Av-53rd St Route ERoute MRoute 6 5 Minute walk, 0.2 Miles
    • 57th St Route F 8 Minute walk, 0.4 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute M 10 Minute walk, 0.5 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute MRoute 7 11 Minute walk, 0.6 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 13 Minute walk, 0.7 Miles
    • 59th St Route ARoute BRoute CRoute DRoute 1 15 Minute walk, 0.8 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 20 Minute walk, 1.0 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 21 Minute walk, 1.1 Miles

    Schools

    • Elementary School

      • P.S. 059 Beekman Hill International
        • Grades: 0K,01,02,03,04,05,SE
        • Principal: Adele Schroeter
        • Phone: 212-888-7870
        • Address: 231-249 East 56 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

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    • Ltd. The Sumitomo Trust & Banking Co. sold this property to Inc. Sumitomo Mitsui Trust Holdings for $0.00 on 2011-04-01. Show Details
    • UCC3 Termination dated 2008-09-23, Debtor: 527 Madison Owner, LLC, Secured Party: Deutsche Bank Trust Company Americas, Assignee: Show Details
    • Release dated 2008-09-17 between New York Deutsche Bank Ag and Wwp Owner, LLC & Tower 56 Owner, LLC & 1540 Broadway Owner, LLC & 527 Madison Owner, LLC Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2008-09-23. Parties: New York Deutsche Bank Ag, Wwp Amenities Mph Lender, LLC & L.L.C. Ny-Worldwide Plaza & 1540 Broadway Owner, LLC & Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC Show Details
    • 527 Madison Owner, LLC sold this property to Mfa 527 Madison LLC for $225,000,000.00 on 2008-09-17. Show Details
    • Mortgage Agreement for $1,566,833,348.61 dated 2008-09-17 between L.L.C. Ny-Worldwide Plaza & 1540 Broadway Owner, LLC & Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC & Wwp Amenities Mph Lender, LLC and New York Branch Deutsche Bank Ag Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2008-08-20. Parties: 527 Madison Owner, LLC, As Trustee Lasalle Bank National Association, New York Branch Deutsche Bank Ag Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2008-05-02. Parties: U.S. Bank National Association, Deutsche Bank Ag Show Details
    • On 2008-04-14 a mortgage on this property was transferred from U.S. Bank National Association to Deutsche Bank Ag. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2008-05-02. Parties: National Association Lasalle Bank, U.S. Bank National Association Show Details
    • On 2008-01-02 a mortgage on this property was transferred from National Association Lasalle Bank to U.S. Bank National Association. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2008-01-29. Parties: 527 Madison Owner, LLC, German American Capital Corporation, As Trustee Lasalle Bank National Association Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2008-01-29. Parties: German American Capital Corporation, As Trustee Lasalle Bank National Association Show Details
    • On 2007-05-17 a mortgage on this property was transferred from German American Capital Corporation to As Trustee Lasalle Bank National Association. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2007-06-22. Parties: Deutsche Bank Trust Company Americas, German American Capital Corporation Show Details
    • Mortgage Agreement for $1,600,000.00 dated 2007-05-15 between L.L.C. Ny-Worldwide Plaza & Harry Macklowe & 1540 Broadway Owner, LLC & Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC & Wwp Amenities Mph Lender, LLC and German American Capital Corporation Show Details
    • On 2007-04-03 a mortgage on this property was transferred from Deutsche Bank Trust Company Americas to German American Capital Corporation. Show Details
    • Mortgage Agreement for $1,600,000.00 dated 2007-05-15 between L.L.C. Ny-Worldwide Plaza & Macklowe Management, LLC & Inc. Macklowe Management Co. & Harry Macklowe & 1540 Broadway Owner, LLC & Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC & Wwp Amenities Mph Lender, LLC and Deutsche Bank Trust Company Americas Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2007-06-08. Parties: 527 Madison Owner, LLC, Deutsche Bank Trust Company Americas, German American Capital Corporation Show Details
    • Initial UCC1 dated 2007-03-12, Debtor: 527 Madison Owner, LLC, Secured Party: Deutsche Bank Trust Company Americas, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC & 1540 Broadway Owner, LLC by Deutsche Bank Trust Company Americas or 2007-02-09 Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2007-02-23. Parties: L.L.C. Ny-Worldwide Plaza & Wwp Amenities Mph Lender, LLC & 1540 Broadway Owner, LLC & Wwp Owner, LLC & Tower 56 Owner, LLC & 527 Madison Owner, LLC, Deutsche Bank Trust Company Americas Show Details
    • L.L.C. Ny-527 Madison sold this property to 527 Madison Owner, LLC for $234,641,309.00 on 2007-02-09. Show Details
    • Initial UCC1 dated 2000-11-06, Debtor: L.L.C. Eop-527 Madison, Secured Party: Stichting Pensioenfonds Voor De Gezondheld En, Assignee: Show Details
    • UCC3 Amendment dated 2000-09-22, Debtor: L.L.C. Eop-527 Madison, Secured Party: Stichting Pensioenfonds Voor De Gezondheid, Assignee: Show Details
    • UCC3 Amendment dated 2000-09-22, Debtor: L.L.C. Eop-527 Madison, Secured Party: Stichting Pensioenfonds Voor De Gezondheid, Assignee: Show Details
    • Initial UCC1 dated 1999-05-20, Debtor: Rdc-Franklin Limitedpartnership & Rdc-Franklin Streetlimited Partnership, Secured Party: Watch Holdings, LLC, Assignee: Show Details
    • UCC3 Amendment dated 1999-05-10, Debtor: Cornerstone 527 Madison LLC., Secured Party: Stichting Pensioenfonds Voor De Gezondheid, Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-24 between Cornerstone 527 Madison LLC and Inc. Cstone-527 Madison Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-24 between Cornerstone 527 Madison LLC and Inc. Cstone-527 Madison Show Details
    • Cstone-527 Madison Inc sold this property to Cornerstone 527 Madison LLC for $0.00 on 1998-01-20. Show Details
    • On 1998-06-01 a mortgage on this property was transferred from Cstone-527 Madison Inc. to Stichting Pensioenfonds Voor De Etal. Show Details
    • A Miscellaneous legal document filed on 1998-06-01. Parties: Bankers Trust Company Show Details
    • Mortgage Agreement for $0.00 dated 1998-06-01 between Inc. Cstone-527 Madison and Stichting Pensioenfonds Voor De Etal Show Details
    • On 1998-06-01 a mortgage on this property was transferred from Bankers Trust Company to Stichting Penioenfonds Voor De Gezondheid Etal. Show Details
    • Krootsweg Zeist was granted Power of Attorney for Ann F. Chamberlain & Dirk Van Den Bos & Gerard Wieringa & Jan H.W.R. Van Der Vlist & Robert M. Safron & Anneke C. Van De Puttelaar on 1998-06-01 Show Details
    • Initial UCC1 dated 1998-03-05, Debtor: Cornerstone 527 Madison LLC, Secured Party: Stichting Pensioenfonds Voor De Gezondheid, Assignee: Show Details
    • Initial UCC1 dated 1997-12-15, Debtor: Inc Cstone-527 Madison, Secured Party: Stichting Pensioenfonds Voor De Gezondheid, Assignee: Show Details
    • UCC3 Termination dated 1997-07-25, Debtor: 527 Madison Holdings, Secured Party: Bankers Trust Company, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1997-04-15. Parties: 527 Madison Holdings, Bankers Trust Company, Bankers Trust Company Show Details
    • On 1997-03-28 a mortgage on this property was transferred from Bankers Trust Company to Bankers Trust Company. Show Details
    • Mortgage Agreement for $0.00 dated 1997-03-28 between 527 Madison Holdings and Bankers Trust Company Show Details
    • On 1997-03-28 a mortgage on this property was transferred from Bankers Trust Company to Bankers Trust Company. Show Details
    • 527 Madison Holdings sold this property to Inc. Cstone-527 Madison for $0.00 on 1997-02-13. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1996-08-06. Parties: 527 Madison Holdings, Property Equity Corp., Bankers Trust Company Show Details
    • 527 Madison Holdings took a mortgage for $35,000,000.00 from Property Equity Corp. on 1996-08-01. Show Details
    • On 1996-08-01 a mortgage on this property was transferred from Ap Hoya, LLC to Property Equity Corp. Show Details
    • A Miscellaneous legal document filed on 1996-08-01. Parties: Madison Associates & 527 Madison Avenue Holdings, INC & 527 Madison Holdings and L.P. Tozai Real Estate Company Show Details
    • On 1996-08-01 a mortgage on this property was transferred from 527 Madison Holdings to Property Equity Corp.. Show Details
    • On 1996-08-01 a mortgage on this property was transferred from Ap Hoya, L.L.C., to Property Equity Corp.. Show Details
    • Declaration (Other Documents) was filed on 1996-08-01. Parties: 527 Madison Holdings Show Details
    • On 1996-08-01 a mortgage on this property was transferred from Property Equity Corp. to Bankers Trust Co.. Show Details
    • On 1996-08-01 a mortgage on this property was transferred from Property Equity Corp. to Bankers Trust Co.. Show Details
    • Initial UCC1 dated 1996-07-29, Debtor: 527 Madison Holdings, Secured Party: Property Equity Corp., Assignee: Show Details
    • On 1996-07-03 a mortgage on this property was transferred from Ltd. Sumitomo Trust & Banking Co to Ap Hoya, LLC. Show Details
    • On 1996-07-03 a mortgage on this property was transferred from Ltd Sumitomo Trust & Banking Co to Apollo Real Estate Investment Fund Ii Lp. Show Details
    • Mortgage Agreement for $0.00 dated 1995-06-30 between Sumitomo Trust & Banking, Co., Ltd. and Inc. Icatu Securities Show Details
    • UCC3 Termination dated 1994-05-26, Debtor: 527 Madison Avenue Holdings Inc., Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • UCC3 Termination dated 1994-05-13, Debtor: Madison Associates, Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • UCC3 Termination dated 1994-04-15, Debtor: 527 Madison Avenue Holdings Inc., Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • Initial UCC1 dated 1991-06-07, Debtor: Madison Associates, Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • Initial UCC1 dated 1991-06-07, Debtor: 527 Madison Avenue Holdings Inc., Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • Initial UCC1 dated 1991-06-07, Debtor: 527 Madison Avenue Holdings Inc., Secured Party: Ltd. Sumitomo Trust & Banking Co., Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1989-02-14 between Sumitomo Tr & Bkg Co and Hill Samuel Ny Inc Show Details
    • Mortgage Agreement for $0.00 dated 1989-02-14 between 527 Madison Hldgs and Hill Samuel Ny Inc Show Details
    • Hill Samuel New Yorkinc leased this property from 527 Madison Holdings on 1989-02-14 Show Details
    • Mortgage Agreement for $0.00 dated 1988-11-09 between Sumitomo Tr & Bkg Co and Ocean Capital Corp Show Details
    • Mortgage Agreement for $0.00 dated 1988-09-07 between Sumitomo Tr&Bkng Coltd and Gap Inc Show Details
    • Mortgage Agreement for $0.00 dated 1988-09-07 between 527 Madison Hldgs and Gap Inc Show Details
    • On 1988-04-20 a mortgage on this property was transferred from Continental Ill Ntlb&T to Sumitomo Trust &Bkngco. Show Details
    • On 1988-04-20 a mortgage on this property was transferred from 527 Madison Holdings to Sumitomo Trust &Bkngco. Show Details
    • Mortgage Agreement for $0.00 dated 1988-04-20 between Madison Assocs & 527 Madison Ave Hldginc & 527 Madison Holdings and E & W Dvlp Usa Inc Show Details
    • Mortgage Agreement for $0.00 dated 1988-04-20 between 527 Madison Holdings and Sumitomo Trust & Bkng Co Show Details
    • 527 Madison Holding took a mortgage for $19,000,000.00 from Sumitomo Tr & Bkg Coltd on 1988-04-20. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1988-04-19. Parties: 527 Madison Hldgs, Continental Ill Ntlb&T Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1988-04-19. Parties: 527 Madison Hldgs, Sumitomo Trust&Bkngco Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1988-04-19. Parties: 527 Madison Hldgs, Sumitomo Trust&Bkngco Show Details
    • 527 Madison Hlds took a mortgage for $6,000,000.00 from Continental Illino Etal on 1987-07-01. Show Details
    • 527 Madison Hldg Inc. granted an easement to New York Telephone Co. on 1986-12-19. Show Details
    • 527 Madison Holdg took a mortgage for $15,000,000.00 from Continental Illinoisetc on 1986-09-08. Show Details
    • On 1986-06-24 a mortgage on this property was transferred from Continental Illinoisetc to Sumitomo Trt & Bkg Co Ld. Show Details
    • Mortgage Agreement for $0.00 dated 1986-06-24 between 527 Madison Holdings and Continental Illinoisetc Show Details
    • 527 Madison Holdings took a mortgage for $22,500,000.00 from Continental Illinoisetc on 1986-06-24. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1986-06-24. Parties: 527 Madison Holdings, Etc Continental Ill.Natl & Sumitomo Tr&Bnkg Co.Ltd. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1986-06-02. Parties: Madison Associates & 527 Madison Holdings, E & W Developmnt Usainc Show Details
    • 527 Madison Holdings leased this property from 527 Mdn Property Inc on 1986-04-23 Show Details
    • 527 Mdn Property Inc sold this property to 527 Madison Holding for $0.00 on 1986-04-23. Show Details
    • Certificate (Other Documents) was filed on 1985-01-07. Parties: Commonwealth Land Etc. Show Details
    • A Miscellaneous legal document filed on 1985-01-07. Parties: 527 Mdn Property Inc. Show Details
    • Mortgage Agreement for $0.00 dated 1984-02-14 between 527 Mdn Property Inc. and Continental Illinoisetc Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1984-01-20. Parties: 527 Mdn Property Inc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Jacob A. Melnick to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Rosl Lowey to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Rosalin E. Melnick to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Barry Tenzer to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Joan Ann Miller to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Steven W. Melnick to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Emigrant Savings Bank to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Howard Solomon to Continental Illinoisetc. Show Details
    • On 1984-01-20 a mortgage on this property was transferred from Shelley R. Mendell to Continental Illinoisetc. Show Details
    • ... and 38 older documents.

    Lot

    Address
    40 E 54th St, 10022
    Square Footage
    11,650
    Lot Type
    Corner
    Dimensions
    60.42ft x 148.0ft
    BBL
    1012890052

    Neighborhood

    Neighborhood
    Midtown
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    E008
    School District
    2
    Census Tract
    102

    Zoning

    Zoning District
    C5-3
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $24,300,000
    MV Total
    $121,602,000
    AV Land
    $10,935,000
    AV Total
    $54,720,900

    Floor Area Ratio

    Built FAR
    16.99

    Residential
    Zoned FAR 10.0
    Max 116,500.0 sq. ft.
    Remaining -81,448.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 174,750.0 sq. ft.
    Remaining -23,198.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 174,750.0 sq. ft.
    Remaining -23,198.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1985
    Alterations
    N/A
    Floors
    25.0
    Residential Units
    0
    Total Units
    31
    Floor Area
    197948
    Basement
    Unknown
    Proximity
    Unknown

    Crime

    This property is located in the Midtown North Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the Midtown North Precinct saw 3618 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

    High
    In 2015 the Midtown North Precinct saw 603 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