425 E 53rd St
Midtown East
New York, NY, 10022

Built in 1926 this 33,750 sq.ft. building is 85% Storage, 15% Office Space and contains 0 residential units and 5 non-residential units.

This property is currently Off Market. View Listing

    Transit

    • Lexington Av-53rd St Route ERoute MRoute 6 7 Minute walk, 0.3 Miles
    • Lexington Av Route NRoute QRoute RRoute 4Route 5Route 6 14 Minute walk, 0.7 Miles
    • Grand Central-42nd St Route GSRoute 4Route 5Route 6Route 7 18 Minute walk, 0.9 Miles
    • Lexington Av Route F 19 Minute walk, 1.0 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute M 21 Minute walk, 1.1 Miles
    • 23rd St-Ely Av Route ERoute GRoute MRoute 7 146 Minute walk, 7.6 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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    • Initial UCC1 dated 2016-03-10, Debtor: Rakema Holdings, LLC, Secured Party: N.A. Citibank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Rakema Holdings, LLC by N.A. Citibank or 2016-02-29 Show Details
    • Rakema Holdings, LLC took a mortgage for $3,000,000.00 from N.A. Citibank on 2016-02-29. Show Details
    • Initial UCC1 dated 2016-03-10, Debtor: Rakema Holdings, LLC, Secured Party: N.A. Citibank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Rakema Holdings, LLC by N.A. Citibank or 2016-02-29 Show Details
    • Rakema Holdings, LLC took a mortgage for $1,800,000.00 from N.A. Citibank on 2016-02-29. Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2016-03-10. Parties: Rakema Holdings, LLC, Inc. Ruder Finn Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-05-05. Parties: Newel, LLC & Inc. Newel Art Galleries, Valley National Bank Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-05-05. Parties: Newel, LLC & Inc. Newel Art Galleries, Valley National Bank Show Details
    • An Assignment of Leases and Rents was granted to Rakema Holdings, LLC by N.A. Citibank or 2015-04-24 Show Details
    • Mortgage Agreement for $24,576,000.00 dated 2014-04-24 between Rakema Holdings, LLC and N.A. Citibank Show Details
    • Rakema Holdings, LLC took a mortgage for $15,573,560.34 from N.A. Citibank on 2015-04-24. Show Details
    • Newel, LLC sold this property to Rakema Holdings, LLC for $30,720,000.00 on 2015-04-24. Show Details
    • On 2015-04-09 a mortgage on this property was transferred from Llc Vnb New York to N.A. Citibank. Show Details
    • Initial UCC1 dated 2015-04-29, Debtor: Rakema Holdings, LLC, Secured Party: N.A. Citibank, Assignee: Show Details
    • UCC3 Termination dated 2015-04-29, Debtor: Newel, LLC, Secured Party: Valley National Bank & Vnb New York Corp., Assignee: Show Details
    • Initial UCC1 dated 2012-09-19, Debtor: Newell, LLC, Secured Party: Vnb New York Corp., Assignee: Show Details
    • Mortgage Agreement for $10,028,652.76 dated 2012-08-23 between Newell, LLC and Vnb New York Corp. Show Details
    • Newell, LLC took a mortgage for $185,836.44 from Vnb New York Corp. on 2012-08-23. Show Details
    • On 2012-08-23 a mortgage on this property was transferred from Valley National Bank to Vnb New York Corp.. Show Details
    • On 2012-08-23 a mortgage on this property was transferred from Valley National Bank to Vnb New York Corp.. Show Details
    • Inc. Newel Art Galleries sold this property to Newel, LLC for $0.00 on 2005-12-15. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-08-31. Parties: Independence Community Bank, Inc. Newel Art Galleries Show Details
    • UCC3 Termination dated 2005-08-31, Debtor: Inc. Newel Art Galleries, Secured Party: Independence Community Bank, Assignee: Show Details
    • UCC3 Termination dated 2005-08-31, Debtor: Inc. Newel Art Galleries, Secured Party: Independence Community Bank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Valley National Bank by Inc. Newel Art Galleries or 2005-05-26 Show Details
    • An Assignment of Leases and Rents was granted to Valley National Bank by Inc. Newel Art Galleries or 2005-05-26 Show Details
    • Inc. Newel Art Galleries took a mortgage for $1,900,000.00 from Valley National Bank on 2005-05-26. Show Details
    • Mortgage Agreement for $10,150,000.00 dated 2005-05-26 between Inc. Newel Art Galleries and Valley National Bank Show Details
    • Inc. Newel Art Galleries took a mortgage for $2,662,221.60 from Valley National Bank on 2005-05-26. Show Details
    • On 2005-05-26 a mortgage on this property was transferred from Independence Community Bank to Valley National Bank. Show Details
    • Initial UCC1 dated 2005-05-25, Debtor: Newel Art Galleries, INC, Secured Party: Valley National Bank, Assignee: Show Details
    • Initial UCC1 dated 2001-12-03, Debtor: Inc Newel Art Galleries, Secured Party: Independence Community Bank, Assignee: Show Details
    • Initial Coop UCC1 dated 2001-11-09, Debtor: Inc. Newel Art Galleries, Secured Party: Independence Community Bank, Assignee: Show Details
    • Newel Art Galleriesinc. took a mortgage for $8,000,000.00 from Independence Community Bank on 2001-09-26. Show Details
    • On 2001-09-26 a mortgage on this property was transferred from Inc. Newel Art Galleries to Independence Community Bank. Show Details
    • Newel Art Galleriesinc granted an easement to River Tower Associates on 1985-09-26. Show Details
    • Springdale Realty Corp. sold this property to Inc Newel Art Galleries for $0.00 on 1979-10-05. Show Details

    Building Tips

    Lot

    Address
    425 E 53rd St, 10022
    Square Footage
    6,837
    Lot Type
    Inside
    Dimensions
    75.0ft x 91.17ft
    BBL
    1013650016

    Neighborhood

    Neighborhood
    Midtown East
    Historic District
    N/A
    Community District
    06
    City Council
    4
    Police Precinct
    17
    Fire Company
    E008
    School District
    2
    Census Tract
    86.03

    Zoning

    Zoning District
    R10
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $1,460,000
    MV Total
    $4,057,000
    AV Land
    $657,000
    AV Total
    $1,825,650

    Floor Area Ratio

    Built FAR
    4.94

    Residential
    Zoned FAR 10.0
    Max 68,370.0 sq. ft.
    Remaining 34,620.0 sq. ft.

    Commercial
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining 0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 68,370.0 sq. ft.
    Remaining 34,620.0 sq. ft.

    Building

    Category
    Loft Buildings
    Class
    Loft; Fireproof And Storage Type Without Stores
    Land Use
    Industrial & Manufacturing Buildings
    Buildings
    1
    Year Built
    1926
    Alterations
    N/A
    Floors
    5.0
    Residential Units
    0
    Total Units
    5
    Floor Area
    33750
    Basement
    Full Basement Below Grade
    Proximity
    Semi-Attached

    Crime

    This property is located in the 17th Precinct of Manhattan.

    Property Crime

    High
    In 2015 the 17th Precinct saw 1014 felony property crimes (Burglary, Grand Larceny and Grand Larceny of Motor Vehicle) committed per 100,000 residents**. This is lower then the borough's property crime rate, which was 1219 over the same period.

    Violent Crime

    Very low
    In 2015 the 17th Precinct saw 158 felony violent crimes (Murder, Rape, Robbery and Felony Assault) committed per 100,000 residents**. This is lower 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