488 3rd Ave
Kips Bay
New York, NY, 10016

Built in 1975 this 182,767 sq.ft. building is 89% Residential, 7% Retail, 4% Garage Space and contains 218 residential units and 5 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 9 Minute walk, 0.5 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 12 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 19 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

    Units at this Address

    PriceUnitLast UpdateStatusPublic Records
    18FOff Market0
    VARSTOff Market0
    20GOff Market0
    VAR2BR1BTOff Market0
    VAR1BOff Market0
    VAR1BDOff Market0
    VARF1Off Market0
    VAR2BOff Market0
    152Off Market0
    VAR1BROff Market0
    VARL1Off Market0

    Public Records

    Get a free price estimate for this property to determine how much it should sell for. Start Now

    • A mortgage with L.L.C. State Farm Realty Mortgage was satisfied on 2016-10-07. Show Details
    • UCC3 Termination dated 2016-06-22, Secured Party: L.L.C. State Farm Realty Mortgage, Assignee: Show Details
    • This property was sold for $5,941,469.48 on 2014-09-30. Show Details
    • A mortgage agreement for $0.00 was filed on 2014-03-06 Show Details
    • A mortgage agreement for $0.00 was filed on 2014-03-08 Show Details
    • UCC3 Termination dated 2014-03-20, Secured Party: John Hancock Life Insurance Company Of New York, Assignee: Show Details
    • Initial UCC1 dated 2014-03-20, Secured Party: L.L.C. State Farm Realty Mortgage Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-03-18. Show Details
    • An Assignment of Leases and Rents was filed on 2014-03-06 Show Details
    • A $30,000,000.00 mortgage was taken from L.L.C. State Farm Realty Mortgage on 2014-03-06. Show Details
    • A mortgage agreement for $30,000,000.00 was filed on 2014-03-06 Show Details
    • A $28,366,041.82 mortgage was taken from L.L.C. State Farm Realty Mortgage on 2014-03-06. Show Details
    • On 2014-02-19 a mortgage on this property was transferred from John Hancock Life Insurance Company Of New York to L.L.C. State Farm Realty Mortgage. Show Details
    • This property was leased on 2014-03-06 Show Details
    • Assignment Of Lease (Other Documents) was filed on 2014-03-18. Show Details
    • Termination Of Lease Or Memo (Other Documents) was filed on 2014-03-18. Show Details
    • This property was sold for $3,637,500.00 on 2013-09-01. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2012-06-01. Show Details
    • Initial UCC1 dated 2011-01-25, Secured Party: John Hancock Life Insurance Company Of New York Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2011-01-25. Show Details
    • On 2010-01-01 a mortgage on this property was transferred from John Hancock Life Insurance Company (U.S.A.) to John Hancock Life Insurance Company Of New York. Show Details
    • Initial UCC1 dated 2007-11-02, Secured Party: L.L.C State Farm Realty Mortgage Show Details
    • An Assignment of Leases and Rents was filed on 2007-05-17 Show Details
    • A mortgage agreement for $3,750,000.00 was filed on 2007-05-17 Show Details
    • A mortgage agreement for $3,750,000.00 was filed on 2007-05-17 Show Details
    • A $76,655.62 mortgage was taken from L.L.C State Farm Realty Mortgage on 2007-05-17. Show Details
    • On 2007-05-15 a mortgage on this property was transferred from Sovereign Bank to L.L.C State Farm Realty Mortgage. Show Details
    • This property was sold for $7,275,632.00 on 2006-02-03. Show Details
    • A mortgage agreement for $0.00 was filed on 2005-12-20 Show Details
    • This property was leased on 1999-04-29 Show Details
    • This property was leased on 1999-04-29 Show Details
    • This property was leased on 1997-04-17 Show Details
    • A mortgage agreement for $0.00 was filed on 1999-04-29 Show Details
    • A mortgage with Emigrant Savings Bank was satisfied on 1998-08-18. Show Details
    • On 1997-08-22 a mortgage on this property was transferred from General Electric Capital Corporation to L.L.C. Ds&D Land Company. Show Details
    • A mortgage agreement for $0.00 was filed on 1997-08-22 Show Details
    • On 1997-08-22 a mortgage on this property was transferred from General Electric Capital Corporation to Independence Savingsbank. Show Details
    • A Miscellaneous legal document filed on 1997-08-22. Show Details
    • On 1997-07-31 a mortgage on this property was transferred from Republic National Bank Of New York to John Hancock Mutuallife Insurance Company. Show Details
    • A mortgage agreement for $0.00 was filed on 1997-07-31 Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1997-07-31. Show Details
    • On 1997-07-31 a mortgage on this property was transferred from L.P. Murray Hill Manor Company to John Hancock Mutuallife Insurance Company. Show Details
    • A $2,248,201.20 mortgage was taken from John Hancock Mutuallife Insurance Company on 1997-07-31. Show Details
    • UCC3 Termination dated 1997-06-26, Secured Party: General Electric Capital Corporation, Assignee: Show Details
    • Initial UCC1 dated 1997-06-26, Secured Party: Independence Savingsbank Show Details
    • Initial UCC1 dated 1997-06-13, Secured Party: John Hancock Mutuallife Insurance Company Show Details
    • UCC3 Amendment dated 1997-01-30, Secured Party: General Electric Capital Corporation Show Details
    • Certificate Of Reduction (Mortgages & Instruments) was filed on 1997-01-29. Show Details
    • On 1997-01-29 a mortgage on this property was transferred from L.L.C. Ds&D Land Company to General Electric Capital Corporation. Show Details
    • A $4,525,000.00 mortgage was taken from General Electric Capital Corporation on 1997-01-29. Show Details
    • This property was sold for $0.00 on 1996-12-17. Show Details
    • A Miscellaneous legal document filed on 1997-01-29. Show Details
    • Certificate Of Reduction (Mortgages & Instruments) was filed on 1997-01-29. Show Details
    • On 1997-01-29 a mortgage on this property was transferred from L.L.C. Ds & D Land Company to General Electric Capital Corporation. Show Details
    • On 1997-01-29 a mortgage on this property was transferred from General Electric Capital Corporation to L.L.C. Ds & D Land Company. Show Details
    • A mortgage with L.L.C. Bs & D Land Company was satisfied on 1997-01-29. Show Details
    • A Miscellaneous legal document filed on 1997-01-29. Show Details
    • A mortgage agreement for $0.00 was filed on 1996-09-04 Show Details
    • A $3,320,000.00 mortgage was taken from Llc Ds & D Land Company on 1996-08-22. Show Details
    • A $4,525,519.00 mortgage was taken from L.L.C. Ds & D Land Company on 1996-08-22. Show Details
    • Initial UCC1 dated 1996-01-22, Secured Party: General Electric Capital Corporation Show Details
    • On 1996-01-04 a mortgage on this property was transferred from L.L.C. Ds&D Land Company to General Electric Capital Corporation. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1995-12-22. Show Details
    • On 1995-12-14 a mortgage on this property was transferred from Wiana Realty Corp. to L.L.C. Ds & D Land Company. Show Details
    • On 1995-12-14 a mortgage on this property was transferred from Wiana Realty Corp. to L.L.C. D&S D Land Company. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1995-11-16. Show Details
    • On 1995-09-29 a mortgage on this property was transferred from Federal Deposit Insurance Corporation to Wiana Relaty Corp.. Show Details
    • On 1995-09-29 a mortgage on this property was transferred from Emigrant Savings Bank to Federal Deposit Insurance Corporation. Show Details
    • On 1995-09-29 a mortgage on this property was transferred from Federal Deposit Insurance Corporation to Wiana Relaty Corp.. Show Details
    • On 1995-09-29 a mortgage on this property was transferred from Emigrant Savings Bank to Federal Deposit Insurance Corporation. Show Details
    • A $12,240,943.38 mortgage was taken from Emigrant Savings Bank on 1995-04-27. Show Details
    • Declaration (Other Documents) was filed on 1995-04-27. Show Details
    • A mortgage agreement for $0.00 was filed on 1995-04-27 Show Details
    • Release dated 1995-04-27. Show Details
    • This property was sold for $0.00 on 1995-03-31. Show Details
    • On 1994-04-01 a mortgage on this property was transferred from Federal Deposit Insurance Corporation to Emigrant Savings Bank. Show Details
    • A mortgage agreement for $0.00 was filed on 1994-04-01 Show Details
    • A $12,356,885.78 mortgage was taken from Emigrant Savings Bank on 1994-04-01. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1992-07-09. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1992-07-09. Show Details
    • This property was sold for $0.00 on 1991-05-01. Show Details
    • A mortgage agreement for $0.00 was filed on 1991-05-20 Show Details
    • This property was sold for $0.00 on 1991-05-01. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1991-05-20. Show Details
    • Release dated 1991-05-20. Show Details
    • A $10,400,000.00 mortgage was taken from Dollar Dry Dock Bank on 1991-05-20. Show Details
    • On 1989-01-23 a mortgage on this property was transferred from Crossland Savings FSB to Crossland Savings FSB. Show Details
    • This property was sold for $0.00 on 1987-06-02. Show Details
    • On 1987-07-27 a mortgage on this property was transferred from Preferred Entity Etal to Dollar Dry Dock Svgsbk. Show Details
    • A mortgage agreement for $0.00 was filed on 1987-07-27 Show Details
    • A $21,036,430.14 mortgage was taken from Dollary Dry Dock Svgs Bk on 1987-07-27. Show Details
    • A mortgage agreement for $0.00 was filed on 1987-07-27 Show Details
    • On 1987-07-27 a mortgage on this property was transferred from Marine Midland Bank to Dollar Dry Dock Svgsbk. Show Details
    • On 1987-07-27 a mortgage on this property was transferred from Preferred Enty Advcinc to Marine Midland Bank. Show Details
    • On 1987-07-27 a mortgage on this property was transferred from Watford Properties Ltd to Dollar Dry Dock Svgsbk. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1987-07-27. Show Details
    • This property was sold for $0.00 on 1987-06-02. Show Details
    • Initial UCC1 dated 1987-07-27, Secured Party: Dollar Dry Dock Savings Bank Show Details
    • On 1987-04-22 a mortgage on this property was transferred from Dollar Dry Dock Svgsny to Waterford Propertiesltd. Show Details
    • On 1987-02-24 a mortgage on this property was transferred from Preferred Entity Etal to Marine Midland Bank. Show Details
    • ... and 71 older documents.

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Aug. 19, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Mhm Realty Llc, 103 West 55 Street, New York, NY 10019
    • Managing Agent: Manhattan Skyline Mgt Co, Thomas Eschmann, 103 West 55 Street, New York, NY 10019
    • Head Officer: Donald Zucker, 101 West 55 Street, New York, NY 10019
    • Officer: Albert Berkowitz, 103 West 55 Street, New York, NY 10019
    • Site Manager: Nick Jahovic,

    Building Tips

    Lot

    Address
    488 3rd Ave, 10016
    Square Footage
    15,553
    Lot Type
    Corner
    Dimensions
    197.5ft x 60.0ft
    BBL
    1008890039

    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
    72

    Zoning

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

    Assessment

    Tax Class
    2
    MV Land
    $6,220,000
    MV Total
    $49,155,000
    AV Land
    $2,799,000
    AV Total
    $22,119,750

    Floor Area Ratio

    Built FAR
    11.75

    Residential
    Zoned FAR 10.0
    Max 155,530.0 sq. ft.
    Remaining -27,237.0 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 31,106.0 sq. ft.
    Remaining -151,661.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 155,530.0 sq. ft.
    Remaining -27,237.0 sq. ft.

    Building

    Category
    Elevator Apartments
    Class
    Elevator Apt; Fireproof With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    1
    Year Built
    1975
    Alterations
    N/A
    Floors
    20.0
    Residential Units
    218
    Total Units
    223
    Floor Area
    182767
    Basement
    Full Basement Above Grade
    Proximity
    Unknown

    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