420 7th Ave
Midtown South
New York, NY, 10001

Built in 1969 this 34,000 sq.ft. building is 100% Retail and contains 0 residential units and 7 non-residential units.

This property is currently Off Market.

    Transit

    • 34th St Route 1Route 2Route 3 1 Minute walk, 0.0 Miles
    • 34th St Route ARoute CRoute E 3 Minute walk, 0.2 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 4 Minute walk, 0.2 Miles
    • Times Square 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 10 Minute walk, 0.5 Miles
    • 33rd St Route 6 11 Minute walk, 0.6 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 18 Minute walk, 0.9 Miles
    • 14th St Route FRoute LRoute MRoute 1Route 2Route 3 19 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 2011-10-26, Debtor: Korpenn LLC, Secured Party: Apple Bank For Savings, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Korpenn LLC by Apple Bank For Savings or 2011-09-12 Show Details
    • Mortgage Agreement for $17,500,000.00 dated 2011-09-12 between Korpenn LLC and Apple Bank For Savings Show Details
    • On 2011-09-12 a mortgage on this property was transferred from Signature Bank to Apple Bank For Savings. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2011-10-26. Parties: Signature Bank Show Details
    • UCC3 Termination dated 2011-09-22, Debtor: Korpenn LLC, Secured Party: Signature Bank, Assignee: Show Details
    • Duane Reade Shareholders LLC sold this property to Walgreen Co for $73,123,490.50 on 2010-04-09. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2008-09-22. Parties: The Prudential Insurance Company Show Details
    • Initial UCC1 dated 2008-09-22, Debtor: Korpenn LLC, Secured Party: Signature Bank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Korpenn LLC by Signature Bank or 2008-09-04 Show Details
    • Mortgage Agreement for $17,500,000.00 dated 2008-09-04 between Korpenn LLC and Signature Bank Show Details
    • Korpenn LLC took a mortgage for $261,692.49 from Signature Bank on 2008-09-04. Show Details
    • On 2008-09-04 a mortgage on this property was transferred from Prudential Insurance Company Of America to Signature Bank. Show Details
    • Sarah Korein & Adams Hotel Associates Satisfied their Mortgage with N.A. Citibank on 2008-08-12. Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2004-11-23. Parties: Hypo Real Estate Capital Corporation, One Penn Plaza LLC Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2004-11-23. Parties: One Penn Plaza LLC & Vornado Eleven Penn Plaza LLC, Hypo Real Estate Capital Corporation Show Details
    • One Penn Plaza LLC took a mortgage for $75,000,000.00 from Hypo Real Estate Capital Corporation on 2004-02-05. Show Details
    • Mortgage Agreement for $275,000,000.00 dated 2004-02-05 between One Penn Plaza LLC and Hypo Real Estate Capital Corporation Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2004-02-03. Parties: Bayerische Hypo-Und Vereinsbank Ag, Hypo Real Estate Capital Corporation Show Details
    • On 2003-12-11 a mortgage on this property was transferred from Bayerische Hypo-Und Vereinsbank Ag to Hypo Real Estate Capital Corporation. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2003-03-11. Parties: One Penn Plaza, LLC, The Chase Manhattan Bank, New York Branc Bayerische Hypo-Und Vereinsbank Ag Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between One Penn Plaza, LLC and Ag Bayerische Hypo-Undvereinsbank Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Jpmorgan Chase Bank to Ag Bayerische Hypo-Undvereinsbank. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Jpmorgan Chase Bank to Ag Bayerische Hypo-Undvereinsbank. Show Details
    • Mortgage Agreement for $0.00 dated 2001-10-04 between Prudential Insurancecompany Of America and One Penn Plaza, LLC Show Details
    • On 2001-10-04 a mortgage on this property was transferred from Korpenn, LLC to Prudential Insurancecompany Of America. Show Details
    • Mortgage Agreement for $0.00 dated 2001-10-04 between Korpenn, LLC and Prudential Insurancecompany Of America Show Details
    • Korpenn, LLC took a mortgage for $565,093.87 from Prudential Insurancecompany Of America on 2001-10-04. Show Details
    • Elyxabethas Trustee Kleinhans & James F/B/O Korein & Sarah As Trustee Korein & Adams Hotel Associates & Julius As Trustee Korein & Jonathan F/B/O Korein sold this property to Korpenn LLC for $0.00 on 1998-04-02. Show Details
    • One Penn Plaza LLC leased this property from Green Point Bank on 1999-12-15 Show Details
    • Mortgage Agreement for $0.00 dated 1999-02-16 between One Penn Plaza LLC and Chase Manhattan Bank Show Details
    • One Penn Plaza, LLC took a mortgage for $969,650.08 from As Admin. Agent Chase Manhattan Bank on 1999-02-16. Show Details
    • Mortgage Agreement for $0.00 dated 1999-02-16 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1999-02-16, Debtor: One Penn Plaza, LLC, Secured Party: Chase Manhattan Bank, Assignee: Show Details
    • UCC3 Termination dated 1999-01-25, Debtor: One Penn Plaza LLC, Secured Party: Union Bank Of Switzerland (Ny Branch) As Admin., Assignee: Show Details
    • On 1998-12-28 a mortgage on this property was transferred from Union Bank Of Switzerland to Chase Manhattan Bankas Administrative Agent. Show Details
    • Mortgage Agreement for $0.00 dated 1998-12-28 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • On 1998-12-28 a mortgage on this property was transferred from One Penn Plaza, LLC to Chase Manhattan Bank. Show Details
    • One Penn Plaza, LLC took a mortgage for $7,646.03 from Chase Manhattan Bank on 1998-12-28. Show Details
    • One Penn Plaza, LLC took a mortgage for $339,088.00 from Chase Manhattan Bank on 1998-11-18. Show Details
    • One Penn Plaza LLC took a mortgage for $45,000.00 from Chase Manhattan Bank on 1998-11-18. Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-18 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-18 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-18 between One Penn Plaza LLC and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-18 between One Penn Plaza LLC and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1998-11-18 between One Penn Plaza LLC and Chase Manhattan Bank Show Details
    • One Penn Plaza LLC leased this property from Midcity Associates on 1998-02-09 Show Details
    • One Penn Plaza LLC leased this property from Midcity Associates on 1998-02-09 Show Details
    • Mortgage Agreement for $0.00 dated 1998-08-12 between Union Bank Of Switzerland and One Penn Plaza LLC Show Details
    • A Miscellaneous legal document filed on 1998-08-12. Parties: Metropolitan Life Insurance Company Show Details
    • On 1998-08-12 a mortgage on this property was transferred from Metropolitan Life Insurance Compy to Union Bank Of Switerland. Show Details
    • Mortgage Agreement for $0.00 dated 1998-06-30 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • Mortgage Agreement for $0.00 dated 1998-06-30 between One Penn Plaza, LLC and Chase Manhattan Bank Show Details
    • Initial UCC1 dated 1998-03-25, Debtor: One Penn Plaza LLC, Secured Party: Union Bank Of Switzerland (Ny Branch) As Admin., Assignee: Show Details
    • Court Order (Other Documents) was filed on 1998-02-18. Parties: Metropolitan Transportation Authority Show Details
    • Mortgage Agreement for $0.00 dated 1996-04-12 between Mid-City Associates and Department Of Transportation Show Details
    • Mortgage Agreement for $0.00 dated 1995-12-21 between Mid-City Associates and Metropolitan Life Insurance Co. Show Details
    • Mortgage Agreement for $0.00 dated 1995-04-27 between Mid-City Associates and Metropolitan Life Insurance Company Show Details
    • Kmart Corporation leased this property from Mid-City Associates on 1994-11-29 Show Details
    • Mortgage Agreement for $0.00 dated 1994-12-14 between Kmart Corporation and Elysabeth Kleinhans Show Details
    • Mortgage Agreement for $0.00 dated 1994-12-14 between Kmart Corporation and Metropolitan Life Insurance Company Show Details
    • On 1993-06-18 a mortgage on this property was transferred from Mid-City Associates to Metropolitan Life Ins Co. Show Details
    • Mortgage Agreement for $0.00 dated 1993-06-18 between Mid-City Associates and Metropolitian Life Etc Show Details
    • Mid-City Associates took a mortgage for $25,964,425.87 from Metropolitian Life Etc on 1993-06-18. Show Details
    • Mortgage Agreement for $0.00 dated 1993-04-15 between Metropolitan Life Etc and Mid-City Associates Show Details
    • Mortgage Agreement for $0.00 dated 1992-10-28 between Metropolitan Life Ins Co and Mid-City Associates Show Details
    • Mortgage Agreement for $0.00 dated 1992-06-03 between Mid-City Associates and Metropolitan Life Ins Co Show Details
    • Sarah Korein sold this property to Elysabeth Kleinhans for $0.00 on 1992-03-02. Show Details
    • Sarah Korein sold this property to Julius Korein for $0.00 on 1992-03-02. Show Details
    • Sarah Korein sold this property to James Korein for $0.00 on 1992-03-02. Show Details
    • Sarah Korein sold this property to Jonathan F/B/O Korein & Julius Trtee Korein for $0.00 on 1992-03-02. Show Details
    • Mortgage Agreement for $0.00 dated 1991-10-23 between Mid-City Associates and Metropolitan Life Ins Co Show Details
    • Mortgage Agreement for $0.00 dated 1991-06-05 between Metropolitan Life Ins Co and Mid-City Associataes Show Details
    • On 1990-06-20 a mortgage on this property was transferred from Equitable Life Etal to Metropolitan Life Etal. Show Details
    • Mortgage Agreement for $0.00 dated 1990-06-20 between Metropolitan Life Etal and Mid-City Associates Show Details
    • On 1990-06-20 a mortgage on this property was transferred from Equitable Life Etal to Metropolitan Life Etal. Show Details
    • Mortgage Agreement for $0.00 dated 1990-03-28 between Equitable Life Assuretc and Mid-City Associates Show Details
    • Mortgage Agreement for $0.00 dated 1990-01-02 between Metropolitan Life Ins Co & Equitable Life Assuetal and Mid-City Associates Show Details
    • Mortgage Agreement for $0.00 dated 1987-04-03 between Sarah Indv Korein & 715 Realty Company & Hoffland Realty Corp & S K Realty Company & Adams Hotel Associates & 390 Tower Assocs & 405 Company and Fuji Bank Ltd Ny Branch Show Details
    • On 1987-04-03 a mortgage on this property was transferred from Citibank Na to Lawland Corp. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1987-03-30. Parties: Sarah Korein, N.A. Citibank Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1987-03-30. Parties: Adams Hotel Assoc, N.A. Citibank Show Details
    • Sarah Korein & Adams Hotel Associates took a mortgage for $5,500,000.00 from Chemical Bank on 1986-04-17. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1985-05-16. Parties: Adams Hotel Associates Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1985-05-16. Parties: Sarah Korein Show Details
    • Sarah Korein & Adams Hotel Associates took a mortgage for $10,000,000.00 from Citibank N.A. on 1985-05-16. Show Details
    • Mortgage Agreement for $0.00 dated 1985-05-16 between Chemical Bank and N.A. Citibank Show Details
    • Sarah Korein & Adams Hotel Associates took a mortgage for $48,000,000.00 from Chemical Bank on 1985-03-11. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1984-11-16. Parties: Bowery Savings Bk & Mid-City Associates, Metropolitan Trnsptnetc Show Details
    • Sarah Korein & Adams Hotel Associates sold this property to Metropolitan Trnsptnetc for $0.00 on 1984-07-30. Show Details
    • Release dated 1984-11-16 between Equitable Life Asrcetc. & Metropolitan Life Ins Co and Mid-City Associates & One Penn Plaza Corp. Show Details
    • On 1984-04-09 a mortgage on this property was transferred from Bowery Savings Bank to Sarah Korein & Adams Hotel Associates. Show Details
    • Bowery Savings Bank sold this property to Sarah Korein & Adams Hotel Associates for $0.00 on 1984-04-05. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1983-07-08. Parties: Parsons Brinckerhoffetc Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1983-06-14. Parties: Brinckerhoffetc Parson Show Details
    • On 1979-01-24 a mortgage on this property was transferred from One Penn Plaza Corp to Mid-City Associates. Show Details
    • On 1979-01-22 a mortgage on this property was transferred from Mid-City Associates to One Penn Plaza Corp. Show Details
    • On 1978-12-04 a mortgage on this property was transferred from One Penn Plaza Corp to Mid-City Associates. Show Details
    • On 1978-11-27 a mortgage on this property was transferred from Mid-City Associates to One Penn Plaza Corp. Show Details
    • On 1978-10-11 a mortgage on this property was transferred from One Penn Plaza Corp to Mid-City Associates. Show Details
    • ... and 218 older documents.

    Lot

    Address
    420 7th Ave, 10001
    Square Footage
    17,773
    Lot Type
    Corner
    Dimensions
    197.5ft x 100.0ft
    BBL
    1007830034

    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
    C6-6
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $43,000,000
    MV Total
    $73,389,000
    AV Land
    $19,350,000
    AV Total
    $33,025,050

    Floor Area Ratio

    Built FAR
    1.91

    Residential
    Zoned FAR 10.0
    Max 177,730.0 sq. ft.
    Remaining 143,730.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 266,595.0 sq. ft.
    Remaining 232,595.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 266,595.0 sq. ft.
    Remaining 232,595.0 sq. ft.

    Building

    Category
    Store Buildings
    Class
    Store Building; One Story
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1969
    Alterations
    N/A
    Floors
    1.0
    Residential Units
    0
    Total Units
    7
    Floor Area
    34000
    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