424 5th Ave
Midtown South
New York, NY, 10018

Built in 1920 this 662,729 sq.ft. building is 96% Retail, 4% Office Space and contains 0 residential units and 4 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av Route BRoute DRoute FRoute MRoute 7 3 Minute walk, 0.2 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 7 Minute walk, 0.3 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 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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    • Mortgage Agreement for $0.00 dated 2016-07-19 between Lord & Taylor LLC & Lt 424 LLC and Canadian Imperial Bank Of Commerce Show Details
    • Mortgage Agreement for $400,000,000.00 dated 2016-07-19 between Lt 424 LLC and Canadian Imperial Bank Of Commerce Show Details
    • Lt 424 LLC took a mortgage for $150,000,000.00 from Canadian Imperial Bank Of Commerce on 2016-07-19. Show Details
    • On 2016-07-19 a mortgage on this property was transferred from Canadian Imperial Bank Of Commerce to Canadian Imperial Bank Of Commerce. Show Details
    • Initial UCC1 dated 2016-08-12, Debtor: Lt 424 LLC, Secured Party: Canadian Imperial Bank Of Commerce, Assignee: Show Details
    • Hudson'S Bay Company sold this property to General Public for $124,696,263.00 on 2013-11-04. Show Details
    • Hudson'S Bay Company sold this property to General Public for $53,256,000.00 on 2012-11-26. Show Details
    • UCC3 Termination dated 2012-09-28, Debtor: Lt Propco LLC, Secured Party: Cayman Island Branch Credit Suisse Ag, Assignee: Show Details
    • Initial UCC1 dated 2012-09-28, Debtor: Lt 424 LLC, Secured Party: Canadian Imperial Bank Of Commerce, Assignee: Show Details
    • Mortgage Agreement for $250,000,000.00 dated 2012-09-07 between Lt 424 LLC and Canadian Imperial Bank Of Commerce Show Details
    • Lt 424 LLC took a mortgage for $7,545,801.20 from Canadian Imperial Bank Of Commerce on 2012-09-07. Show Details
    • On 2012-09-07 a mortgage on this property was transferred from Credit Suisse Ag to Canadian Imperial Bank Of Commerce. Show Details
    • Lt Propco LLC sold this property to Lt 424 LLC for $0.00 on 2012-09-07. Show Details
    • Initial UCC1 dated 2012-07-23, Debtor: Lt Propco LLC, Secured Party: Inc. The Credit Bureau Of New York, Assignee: Show Details
    • Zoning Lot Description (Other Documents) was filed on 2012-06-07. Parties: Lt Propco LLC Show Details
    • Certificate (Other Documents) was filed on 2012-06-07. Parties: Chicago Title Insurance Company Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-03-07. Parties: Lt Propco LLC, Inc. Mortgage Electronic Registration Systems Show Details
    • Initial UCC1 dated 2012-03-07, Debtor: Lt Propco LLC, Secured Party: Credit Suisse Ag, Assignee: Show Details
    • Mortgage Agreement for $375,000,000.00 dated 2012-01-11 between Lt Propco LLC and Credit Suisse Ag Show Details
    • An Assignment of Leases and Rents was granted to Lt Propco LLC by Inc. Mortgage Electronic Registration Systems or 2010-10-01 Show Details
    • Mortgage Agreement for $375,000,000.00 dated 2010-10-01 between Lt Propco LLC and Inc. Mortgage Electronic Registration Systems Show Details
    • An Assignment of Leases and Rents was granted to Lt Propco LLC by Inc. Mortgage Electronic Registration Systems or 2009-03-27 Show Details
    • Mortgage Agreement for $375,000,000.00 dated 2009-03-27 between Lt Propco LLC and Inc. Mortgage Electronic Registration Systems Show Details
    • An Assignment of Leases and Rents was granted to Lt Propco LLC by Inc. Mortgage Electronic Registration Systems or 2006-10-02 Show Details
    • Mortgage Correction filed 2009-07-02 Show Details
    • An Assignment of Leases and Rents was granted to Lt Propco LLC by Inc. Mortgage Electronic Registration Systems or 2006-10-02 Show Details
    • Landmark Designation (Other Documents) was filed on 2008-04-11. Parties: Nyc Landmarks Preservation Commission Show Details
    • Lt Propco LLC took a mortgage for $375,000,000.00 from Mortgage Electronic Registration Sytems, Inc., on 2006-10-02. Show Details
    • Initial UCC1 dated 2006-10-19, Debtor: Lt Propco LLC, Secured Party: Inc. Mortgage Electronic Registration Systems, Assignee: Show Details
    • sold this property to for $303,595,072.00 on 2006-10-02. Show Details
    • sold this property to for $44,290,000.00 on 2005-08-30. Show Details
    • Adcor Rlty Corp. Satisfied their Mortgage with Bankers Trust Co. on 1987-07-17. Show Details
    • Charlotte Roth Goldberg granted an easement to Associated Dry Goodscp. on 1986-12-18. Show Details
    • Mortgage Agreement for $0.00 dated 1981-07-24 between Security Pacific Etal and Associated Dry Gds Etal Show Details
    • Adcor Realty Corp took a mortgage for $0.00 from Bankers Trust Co Tr & James F Tr Conlan & Associated Dry Goods on 1977-05-31. Show Details
    • Adcor Realty Corp took a mortgage for $0.00 from Bankers Trust Co Tr & James F Tr Conlan & Associated Dry Goods on 1977-05-31. Show Details
    • Adcor Realty Corp sold this property to Associated Dry Goods for $0.00 on 1977-05-31. Show Details
    • Adcor Realty Corp took a mortgage for $0.00 from G R Inc & Banker Trust Co Tr on 1974-08-30. Show Details

    Lot

    Address
    424 5th Ave, 10018
    Square Footage
    46,500
    Lot Type
    Corner
    Dimensions
    148.08ft x 260.0ft
    BBL
    1008400042

    Neighborhood

    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
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    LORD & TAYLOR BUILDING

    Assessment

    Tax Class
    4
    MV Land
    $32,643,000
    MV Total
    $92,912,000
    AV Land
    $14,689,350
    AV Total
    $41,810,400

    Floor Area Ratio

    Built FAR
    14.25

    Residential
    Zoned FAR 10.0
    Max 465,000.0 sq. ft.
    Remaining -197,729.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 697,500.0 sq. ft.
    Remaining 34,771.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 697,500.0 sq. ft.
    Remaining 34,771.0 sq. ft.

    Building

    Category
    Store Buildings
    Class
    Department Store - Multi-Story
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1920
    Alterations
    N/A
    Floors
    12.0
    Residential Units
    0
    Total Units
    4
    Floor Area
    662729
    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