408 5th Ave #6
Midtown South
New York, NY, 10018

Built in 1990 this 686,415 sq.ft. building is 61% Factory, 27% Office Space, 10% Storage, 2% Other and contains 0 residential units and 35 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av Route BRoute DRoute FRoute MRoute 7 4 Minute walk, 0.2 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 7 Minute walk, 0.3 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 8 Minute walk, 0.4 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 6 Minute walk, 0.3 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • 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

      • Warning: This property is located near the boundary of it's school zone.
      • 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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    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-06-03. Parties: Arbor Realty Funding LLC, Arbor Realty Participation, LLC Show Details
    • On 2007-06-01 a mortgage on this property was transferred from Arbor Realty Funding LLC to Arbor Realty Participation, LLC. Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2012-08-10. Parties: Dryland Properties, LLC, L.L.C. Cvs Albany Show Details
    • Mortgage Agreement for $0.00 dated 2011-09-15 between Dryland Properties LLC and L.L.C. Cvs Albany & N.A. U.S. Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-07-19. Parties: 420 Associates LLC & 420 Fifth Associates LLC, Abbor Realty Funding LLC Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-07-13. Parties: 420 Associates LLC C/O The Witkoff Group, Arbor Realty Participation, LLC Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2011-01-13. Parties: 420-08 Fifth New York, LLC, The First National Bank Of Long Island Show Details
    • 420-08 Fifth New York LLC Satisfied their Mortgage with The First National Bank Of Long Island on 2009-11-25. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2010-04-26. Parties: Dryland Properties, LLC, Wachovia Bank, Na, As Master Servicer On Behalf Of Show Details
    • An Assignment of Leases and Rents was granted to 42-08 Fifth New York, LLC by The First National Bank Of Long Island or 2009-11-25 Show Details
    • 42-08 Fifth New York, LLC took a mortgage for $12,000,000.00 from The First National Bank Of Long Island on 2009-11-25. Show Details
    • Inc. Mediterranean Shipping Company (Usa) sold this property to 420-08 Fifth New York, LLC for $0.00 on 2007-12-01. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2008-11-17. Parties: 420 Associates LLC C/O The Witkoff Group, Arbor Realty Funding LLC, Arbor Realty Participation, LLC Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2007-06-01. Parties: Inc. Greenwich Capital Financial Products, Lasalle Bank National Association As Trustee For G Show Details
    • On 2005-09-27 a mortgage on this property was transferred from Inc. Greenwich Capital Financial Products to As Trustee For Lasalle Bank National Association. Show Details
    • An Assignment of Leases and Rents was granted to Arbor Realty Funding LLC by 420 Associates LLC & 420 Fifth Associates LLC or 2007-01-25 Show Details
    • Mortgage Agreement for $63,885,000.00 dated 2007-01-25 between 420 Associates LLC & 420 Fifth Associates LLC and Arbor Realty Funding LLC Show Details
    • 420 Associates LLC & 420 Fifth Associates LLC took a mortgage for $21,078,201.00 from Arbor Realty Funding LLC on 2007-01-25. Show Details
    • 420 Associates LLC & 420 Fifth Associates LLC was granted Power of Attorney for The Board Of Manangers Of The 420 Condominum on 2006-12-22 Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-01-08. Parties: Landesbank Hessen-Thuringen Girozentrale Show Details
    • Initial UCC1 dated 2007-01-08, Debtor: 420 Associates LLC & 420 Fifth Associates LLC, Secured Party: Abbor Realty Funding LLC, Assignee: Show Details
    • Initial UCC1 dated 2007-01-08, Debtor: 420 Associates LLC & 420 Fifth Associates LLC, Secured Party: Abbor Realty Funding LLC, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 420 Associates LLC & 420 Fifth Associates LLC by Abbor Realty Funding LLC or 2006-12-22 Show Details
    • Mortgage Agreement for $42,806,799.00 dated 2006-12-22 between 420 Associates LLC & 420 Fifth Associates LLC and Abbor Realty Funding LLC Show Details
    • 420 Associates LLC & 420 Fifth Associates LLC took a mortgage for $32,806,799.00 from Abbor Realty Funding LLC on 2006-12-22. Show Details
    • On 2006-12-22 a mortgage on this property was transferred from Landesbank Hessenthueigen Girozentrale to Abbor Realty Funding LLC. Show Details
    • Mortgage Agreement for $0.00 dated 2006-12-22 between 420 Fifth Associates LLC and 420 Associates LLC Show Details
    • L.P. Merit Fifth Avenue sold this property to 420 Associates LLC & 420 Fifth Associates LLC for $61,785,000.00 on 2006-12-22. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2006-02-14. Parties: Dryland Properties, LLC, Inc. Greenwich Capital Financial Products, Lasalle Bank National Association Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-13. Parties: New York Branch Hsh Nordbank Ag, Dryland Properties LLC Show Details
    • An Assignment of Leases and Rents was granted to Inc. Greenwich Capital Financial Products by Dryland Properties, LLC or 2005-09-29 Show Details
    • Mortgage Agreement for $24,500,000.00 dated 2005-09-29 between Dryland Properties, LLC and Inc. Greenwich Capital Financial Products Show Details
    • Dryland Properties, LLC took a mortgage for $2,729,166.63 from Inc. Greenwich Capital Financial Products on 2005-09-29. Show Details
    • On 2005-09-27 a mortgage on this property was transferred from Hsh Nordbank Ag New York Branch to Inc. Greenwich Capital Financial Products. Show Details
    • Initial UCC1 dated 2005-10-20, Debtor: Dryland Properties, LLC, Secured Party: Inc. Greenwich Capital Financial Products, Assignee: Show Details
    • Mortgage Agreement for $10,000,000.00 dated 2005-07-01 between Merit Fifth Avenue L.P. and Landesbank Hessen-Thuringen Girozentrale Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2004-10-15. Parties: Landesbank Baden-Wurttemberg Fka Sudwestdeutsche, L.P Secured Properties Investors Xiii Show Details
    • An Assignment of Leases and Rents was granted to New York Branch Hsh Nordbank Ag by Llc. Dryland Properties or 2004-09-27 Show Details
    • Mortgage Agreement for $22,000,000.00 dated 2004-09-27 between Llc. Dryland Properties and New York Branch Hsh Nordbank Ag Show Details
    • Llc. Dryland Properties took a mortgage for $14,010,000.00 from New York Branch Hsh Nordbank Ag on 2004-09-27. Show Details
    • On 2004-09-27 a mortgage on this property was transferred from Landesbank Baden-Wurttenberg F/K/A to New York Branch Hsh Nordbank Ag. Show Details
    • Llc. Dryland Properties was granted Power of Attorney for 420 Fifth Avenue Condominium on 2004-09-27 Show Details
    • L.P. Secured Properties Investors Xiii sold this property to Llc. Dryland Properties for $34,657,700.00 on 2004-09-27. Show Details
    • On 2002-01-09 a mortgage on this property was transferred from Spa Banco Di Sicilia to Banca Di Roma - Newyork Branch. Show Details
    • A Miscellaneous legal document filed on 2001-11-21. Parties: Chase Manhattan Bank Show Details
    • On 2001-11-21 a mortgage on this property was transferred from Mediterranean Shipping Company (Usa) Inc. to Spa Banco Di Sicilia. Show Details
    • On 2001-11-21 a mortgage on this property was transferred from Chase Manhattan Bank to Banco Di Sicilia Spa. Show Details
    • Mediterranean Shipping Company (Usa) Inc. took a mortgage for $1,228,965.61 from Spa Banco Di Sicilia on 2001-11-21. Show Details
    • A Miscellaneous legal document filed on 1999-04-30. Parties: 420 Fifth Avenue Condominium Show Details
    • UCC3 Termination dated 1998-12-16, Debtor: Mediterranean Shipping Company (Usa) Inc., Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1998-06-01. Parties: Mediterranean Shipping Company (Usa) Inc., N.A. Chase Manhattan Bank Show Details
    • Declaration (Other Documents) was filed on 1997-11-06. Parties: 420 Fifth Avenue Condominium Show Details
    • Initial UCC1 dated 1995-07-07, Debtor: L.P. Secured Properties Investors Xiii, Secured Party: Sudwestdeutsche Landesbank Girozentrale, Assignee: Show Details
    • On 1995-07-05 a mortgage on this property was transferred from L.P. Secured Properties Investors Xiii to Sudwestdeutsche Landesbank Girozentrale. Show Details
    • Inc. Hammerson New York sold this property to L.P. Secured Properties Investors Xiii for $0.00 on 1995-06-28. Show Details
    • L.P. Secured Properties Investors Xiii took a mortgage for $9,000,000.00 from Sudwestdeutsche Landesbank Girozentrale on 1995-07-05. Show Details
    • L.P. Secured Properties Investors Xiii was granted Power of Attorney for 420 Fifth Avenue Condominium on 1995-07-05 Show Details
    • Declaration (Other Documents) was filed on 1995-01-05. Parties: 420 Fifth Avenue Condo Show Details
    • A Miscellaneous legal document filed on 1995-01-05. Parties: 420 Fifth Avenue Condo Show Details
    • Maps filed 1995-01-05 Show Details
    • A Miscellaneous legal document filed on 1994-10-07. Parties: 420 Fifth Avenue Condo Show Details
    • UCC3 Amendment dated 1994-07-19, Debtor: Mediterranean Shipping Company (Usa) Inc., Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • On 1993-11-01 a mortgage on this property was transferred from Hammerson New York Inc to Chase Manhattan Bankna. Show Details
    • On 1993-11-01 a mortgage on this property was transferred from Containership Agncyinc to Chase Manhattan Bankn.A. Show Details
    • Containership Agncyinc took a mortgage for $2,500,000.00 from Chase Manhattan Bankna on 1993-11-01. Show Details
    • Initial UCC1 dated 1993-10-26, Debtor: Inc. Containership Agency, Secured Party: N.A. Chase Manhattan Bank, Assignee: Show Details
    • A Miscellaneous legal document filed on 1993-09-24. Parties: 420 Fifth Ave Condob/Mg Show Details
    • Declaration (Other Documents) was filed on 1993-09-24. Parties: 420 Fifth Ave Condo Show Details
    • Mortgage Agreement for $0.00 dated 1992-12-23 between Containership Agencyinc and Hammerson Fifth Aveinc Show Details
    • Containership Agencyinc took a mortgage for $2,000,000.00 from Hammerson Fifth Aveinc on 1992-12-15. Show Details
    • Containership Agencyinc was granted Power of Attorney for 420 Fifth Ave Cond Bd Mg on 1992-12-15 Show Details
    • Hammerson Fifth Aveinc sold this property to Containership Agencyinc for $0.00 on 1992-10-15. Show Details
    • Maps filed 1992-12-02 Show Details
    • Declaration (Other Documents) was filed on 1992-12-02. Parties: Hammerson Fifth Aveinc Show Details
    • Declaration (Other Documents) was filed on 1992-05-13. Parties: Hammerson Fifth Aveinc Show Details
    • Maps filed 1992-05-13 Show Details

    Lot

    Address
    408 5th Ave #6, 10018
    Square Footage
    28,638
    Lot Type
    Corner
    Dimensions
    0.65ft x 145.0ft
    BBL
    1008397501
    Condo Number
    803

    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
    C5-3
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2
    MV Land
    $0
    MV Total
    $0
    AV Land
    $0
    AV Total
    $0

    Floor Area Ratio

    Built FAR
    23.97

    Residential
    Zoned FAR 10.0
    Max 286,380.0 sq. ft.
    Remaining -400,035.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 429,570.0 sq. ft.
    Remaining -256,845.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 429,570.0 sq. ft.
    Remaining -256,845.0 sq. ft.

    Building

    Condo Number
    803
    Category
    Condominiums
    Class
    Special Condominium Billing Lot
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1990
    Alterations
    N/A
    Floors
    30.0
    Residential Units
    0
    Total Units
    35
    Floor Area
    686415
    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).

    Street View