40 W 37th St
Midtown South
New York, NY, 10018

Built in 1924 this 54,725 sq.ft. building is 93% Office Space, 7% Retail and contains 0 residential units and 17 non-residential units.

This property is currently Off Market.

    Transit

    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 3 Minute walk, 0.2 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 6 Minute walk, 0.3 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 9 Minute walk, 0.5 Miles
    • 42nd St Route BRoute DRoute FRoute MRoute 7 4 Minute walk, 0.2 Miles

    Schools

    • Elementary School

      • P.S. 051 Elias Howe
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Nancy Sing Bock
        • Phone: 212-315-7160
        • Address: 525 West 44Th Street
        • 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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    • UCC3 Termination dated 2016-03-16, Secured Party: New York Community Bank, Assignee: Show Details
    • UCC3 Termination dated 2016-03-16, Secured Party: New York Community Bank, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-03-16. Show Details
    • A mortgage agreement for $16,750,000.00 was filed on 2016-02-26 Show Details
    • A $5,285,900.91 mortgage was taken from N.A. Jpmorgan Chase Bank on 2016-02-26. Show Details
    • On 2016-02-26 a mortgage on this property was transferred from New York Community Bank to N.A. Jpmorgan Chase Bank. Show Details
    • Initial UCC1 dated 2012-05-30, Secured Party: New York Community Bank Show Details
    • Initial UCC1 dated 2012-05-30, Secured Party: New York Community Bank Show Details
    • A mortgage agreement for $12,250,000.00 was filed on 2012-05-16 Show Details
    • A $2,970,082.19 mortgage was taken from New York Community Bank on 2012-05-16. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-02-14. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-02-14. Show Details
    • An Assignment of Leases and Rents was filed on 2007-01-18 Show Details
    • A mortgage agreement for $10,000,000.00 was filed on 2007-01-18 Show Details
    • A $2,314,812.64 mortgage was taken from New York Community Bank on 2007-01-18. Show Details
    • On 2007-01-18 a mortgage on this property was transferred from Cathay Bank & Los Angeles National Bank to New York Community Bank. Show Details
    • Initial UCC1 dated 2007-02-02, Secured Party: New York Community Bank Show Details
    • UCC3 Termination dated 2007-02-02, Secured Party: Great Eastern Bank, Assignee: Show Details
    • Initial UCC1 dated 2005-12-23, Secured Party: Great Eastern Bank Show Details
    • An Assignment of Leases and Rents was filed on 2005-12-02 Show Details
    • A mortgage agreement for $7,800,000.00 was filed on 2005-12-02 Show Details
    • A $3,710,803.43 mortgage was taken from Great Eastern Bank & Los Angeles National Bank on 2005-12-02. Show Details
    • A $3,326,118.54 mortgage was taken from Great Eastern Bank & Los Angeles Nationalbank on 2002-01-25. Show Details
    • A mortgage agreement for $0.00 was filed on 2002-01-25 Show Details
    • On 2002-01-25 a mortgage on this property was transferred from Inc. Park Ridge International to Great Eastern Bank & Los Angeles Nationalbank. Show Details
    • Initial UCC1 dated 2002-01-04, Secured Party: Great Eastern Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2000-12-15. Show Details
    • A $600,000.00 mortgage was taken from Great Eastern Bank on 1998-06-29. Show Details
    • On 1998-06-29 a mortgage on this property was transferred from Great Eastern Bank to Los Angeles Nationalbank. Show Details
    • Initial UCC1 dated 1998-05-14, Secured Party: Great Eastern Bank Show Details
    • This property was sold for $0.00 on 1996-01-03. Show Details
    • A $1,500,000.00 mortgage was taken from Great Eastern Bank on 1996-01-26. Show Details
    • On 1996-01-26 a mortgage on this property was transferred from Great Eastern Bank to Los Angeles Nationalbank. Show Details
    • Initial UCC1 dated 1996-01-11, Secured Party: Great Eastern Bank Show Details
    • UCC3 Termination dated 1995-10-03, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank, Assignee: Show Details
    • UCC3 Termination dated 1995-10-03, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank, Assignee: Show Details
    • UCC3 Termination dated 1995-10-03, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank, Assignee: Show Details
    • UCC3 Termination dated 1995-10-03, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank, Assignee: Show Details
    • A mortgage with Trustes/Columbia Etc. was satisfied on 1993-08-16. Show Details
    • Initial UCC1 dated 1992-12-29, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank Show Details
    • Initial UCC1 dated 1992-12-29, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank Show Details
    • Initial UCC1 dated 1992-12-29, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank Show Details
    • Initial UCC1 dated 1992-12-29, Secured Party: Fleet Precious Metals Inc. & Fleet National Bank Show Details
    • A mortgage agreement for $0.00 was filed on 1988-06-17 Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1988-04-06. Show Details
    • A mortgage agreement for $0.00 was filed on 1983-05-26 Show Details
    • On 1983-05-26 a mortgage on this property was transferred from Metropolitan Savingsbk to Manufacturers Hanv Tr Co. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1983-05-26. Show Details
    • This property was sold for $0.00 on 1979-02-07. Show Details
    • This property was sold for $0.00 on 1973-02-09. Show Details
    • This property was sold for $0.00 on 1973-02-08. Show Details
    • A $0.00 mortgage was taken from Greenwich Savings Bank on 1973-02-08. Show Details
    • On 1973-02-08 a mortgage on this property was transferred from Philip Weiss Co to Greenwich Savings Bank. Show Details
    • This property was sold for $0.00 on 1973-01-31. Show Details

    Lot

    Address
    40 W 37th St, 10018
    Square Footage
    4,345
    Lot Type
    Inside
    Dimensions
    44.0ft x 98.75ft
    BBL
    1008380072

    Neighborhood

    Neighborhood
    Midtown South
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    14
    Fire Company
    E065
    School District
    2
    Census Tract
    84

    Zoning

    Zoning District
    M1-6
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $4,720,000
    MV Total
    $8,062,000
    AV Land
    $2,124,000
    AV Total
    $3,627,900

    Floor Area Ratio

    Built FAR
    12.59

    Residential
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining -54,725.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 43,450.0 sq. ft.
    Remaining -11,275.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 43,450.0 sq. ft.
    Remaining -11,275.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1924
    Alterations
    N/A
    Floors
    13.0
    Residential Units
    0
    Total Units
    17
    Floor Area
    54725
    Basement
    Full Basement Below Grade
    Proximity
    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).