487 3rd Ave #3
Kips Bay
New York, NY, 10016

Built in 1972 this 351,560 sq.ft. building is 97% Residential, 3% Retail and contains 300 residential units and 11 non-residential units.

This property is currently Off Market.

    Transit

    • 33rd St Route 6 4 Minute walk, 0.2 Miles
    • Grand Central-42nd St Route GSRoute 4Route 5Route 6Route 7 10 Minute walk, 0.5 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 11 Minute walk, 0.6 Miles
    • 34th St Route 1Route 2Route 3 15 Minute walk, 0.8 Miles
    • 34th St Route ARoute CRoute E 18 Minute walk, 0.9 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 20 Minute walk, 1.0 Miles

    Schools

    • Elementary School

      • P.S. 116 Mary Lindley Murray
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Jane Hsu
        • Phone: 212-685-4366
        • Address: 210 East 33 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 Coop UCC1 dated 2004-05-12, Secured Party: Inc. Citimortgage Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Sept. 21, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Laurence Towers Company Llc, 183 Madison Avenue, New York, NY 10016
    • Managing Agent: Algin Management Co Llc, Kathy Frangipane, 183 Madison Ave, New York, NY 10016
    • Head Officer: Laurence Ginsberg, 183 Madison Avenue, New York, NY 10016
    • Officer: Liane Ginsberg, 183 Madison Avenue, New York, NY 10016
    • Shareholder: Laurence Ginsberg, 183 Madison Avenue, New York, NY 10016
    • Shareholder: Hilary Feshbach, 183 Madison Avenue, New York, NY 10016
    • Shareholder: Liane Ginsberg, 183 Madison Avenue, New York, NY 10016
    • Site Manager: Jerry Zakowicz,
    • Lessee: Laurence Towers Company Llc, Laurence Ginsberg, 471 Third Ave, New York, NY 10016

    Building Tips

    Lot

    Address
    487 3rd Ave #3, 10016
    Square Footage
    24,237
    Lot Type
    Corner
    Dimensions
    197.5ft x 86.0ft
    BBL
    1009130001

    Neighborhood

    Neighborhood
    Kips Bay
    Historic District
    N/A
    Community District
    06
    City Council
    2
    Police Precinct
    17
    Fire Company
    L007
    School District
    2
    Census Tract
    70

    Zoning

    Zoning District
    C1-9
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2
    MV Land
    $12,100,000
    MV Total
    $81,013,000
    AV Land
    $5,445,000
    AV Total
    $36,455,850

    Floor Area Ratio

    Built FAR
    14.51

    Residential
    Zoned FAR 10.0
    Max 242,370.0 sq. ft.
    Remaining -109,190.0 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 48,474.0 sq. ft.
    Remaining -303,086.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 242,370.0 sq. ft.
    Remaining -109,190.0 sq. ft.

    Building

    Category
    Elevator Apartments
    Class
    Elevator Apt; Fireproof With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    1
    Year Built
    1972
    Alterations
    N/A
    Floors
    33.0
    Residential Units
    300
    Total Units
    311
    Floor Area
    351560
    Basement
    Full Basement Above Grade
    Proximity
    Detached

    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