498 7th Ave
Midtown South
New York, NY, 10018

Built in 1920 this 842,295 sq.ft. building is 97% Office Space, 3% Retail and contains 0 residential units and 1 non-residential units.

This property is currently Off Market.

    Transit

    • 34th St Route 1Route 2Route 3 3 Minute walk, 0.2 Miles
    • 33rd St Route 6 14 Minute walk, 0.7 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 GSRoute 1Route 2Route 3Route 7 7 Minute walk, 0.4 Miles

    Schools

    • Elementary School

      • 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

      • Zoned to District 2. No zoned school. Contact 718-935-2383 for more information.
    • High School

      • Citywide High School Choice

    Public Records

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

    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2015-10-08. Parties: 498 Seventh, LLC, U S Bank National Association, As Trustee, In Trus Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2013-05-02. Parties: 498 Seventh LLC, Citibank, N.A., As Trustee, As Trustee U.S. Bank National Association Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-05-02. Parties: Citibank, N.A., As Trustee, As Trustee U.S. Bank National Association Show Details
    • On 2013-03-19 a mortgage on this property was transferred from Citibank, N.A., As Trustee to As Trustee U.S. Bank National Association. Show Details
    • The Ming Trust sold this property to Galloway Investment LLC for $15,737,767.00 on 2013-01-01. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2011-10-17. Parties: German American Capital Corporation, Citibank, N.A., As Trustee Show Details
    • On 2011-06-09 a mortgage on this property was transferred from German American Capital Corporation to Citibank, N.A., As Trustee. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2011-10-14. Parties: 498 Seventh, LLC, German American Capital Corporation, Citibank, N.A., As Trustee Show Details
    • Ltd. Fernback International sold this property to Ltd. Fernback International for $15,737,767.00 on 2011-03-31. Show Details
    • Initial UCC1 dated 2011-04-05, Debtor: 498 Seventh, LLC, Secured Party: German American Capital Corporation, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 498 Seventh, LLC by German American Capital Corporation or 2011-03-29 Show Details
    • Mortgage Agreement for $200,000,000.00 dated 2011-03-29 between 498 Seventh, LLC and German American Capital Corporation Show Details
    • 498 Seventh, LLC took a mortgage for $28,968,951.09 from German American Capital Corporation on 2011-03-29. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2011-04-05. Parties: Westdeutsche Immobilienbank Ag Show Details
    • On 2011-03-29 a mortgage on this property was transferred from Westdeutsche Immobilienbank Ag to German American Capital Corporation. Show Details
    • UCC3 Termination dated 2011-04-01, Debtor: 498 Seventh, LLC, Secured Party: Westdeutsche Immobilienbank Ag, Assignee: Show Details
    • Initial UCC1 dated 2010-01-27, Debtor: 498 Seventh, LLC, Secured Party: Westdeutsche Immobilienbank Ag, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 498 Seventh, LLC by Westdeutsche Immobilienbank Ag or 2009-12-23 Show Details
    • Mortgage Agreement for $181,500,000.00 dated 2009-12-23 between 498 Seventh, LLC and Westdeutsche Immobilienbank Ag Show Details
    • On 2009-12-21 a mortgage on this property was transferred from As Trustee For Lasalle Bank National Association to Westdeutsche Immobilienbank Ag. Show Details
    • Release dated 2009-12-21 between 498 Seventh, LLC and As Trustee For Lasalle Bank National Association Show Details
    • Initial UCC1 dated 2006-12-19, Debtor: Inc. Tyla Holding, Secured Party: Grake LLC, Assignee: Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2005-03-22. Parties: Goldman Sachs Mortgage Company, Lasalle Bank National Association Show Details
    • On 2005-02-10 a mortgage on this property was transferred from Goldman Sachs Mortgage Company to Lasalle Bank National Association. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2004-12-23. Parties: Archon Financial L.P., Goldman Sachs Mortgage Company Show Details
    • On 2004-12-09 a mortgage on this property was transferred from Archon Financial L.P. to Goldman Sachs Mortgage Company. Show Details
    • An Assignment of Leases and Rents was granted to Archon Financial L.P. by 498 Seventh LLC or 2004-12-13 Show Details
    • 498 Seventh Avenue LLC took a mortgage for $66,500,000.00 from Archon Financial L.P. on 2004-12-13. Show Details
    • On 2004-12-08 a mortgage on this property was transferred from Wells Fargo Bank Minnesota N.A. to Archon Financial L.P.. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2004-12-23. Parties: Wells Fargo Bank Minnesota N.A. Show Details
    • Inc. Shareholders Of Cordiant Us Holdings sold this property to Inc. Wpp Group Us Investments for $333,844.00 on 2003-08-01. Show Details
    • Mortgage Agreement for $0.00 dated 2002-11-08 between Inc. Interpublic Group Ofcompanies and Goldman Sachs Mortgage Company Show Details
    • Mortgage Agreement for $0.00 dated 2002-11-08 between Inc. Chubb Institute and Goldman Sachs Mortgage Company Show Details
    • Mortgage Agreement for $0.00 dated 2002-11-08 between Bates Advertising, Usa, Inc. and Goldman Sachs Mortgage Company Show Details
    • On 2002-09-24 a mortgage on this property was transferred from Goldman Sachs Mortgage Company to N.A. Wells Fargo Bank Minnesota. Show Details
    • On 2002-09-24 a mortgage on this property was transferred from Goldman Sachs Mortgage Company to N.A. Wells Fargo Bank Minnesota. Show Details
    • Mortgage Agreement for $0.00 dated 2002-08-26 between Massachusetts Mutuallife Insurance Company & 498 Seventh, LLC and N.A. Trustee Lasalle Bank Show Details
    • On 2002-07-26 a mortgage on this property was transferred from L.P. Archon Financial to Goldman Sachs Mortgage Company. Show Details
    • On 2002-07-26 a mortgage on this property was transferred from 498 Seventh, LLC to L.P. Archon Financial. Show Details
    • On 2002-07-26 a mortgage on this property was transferred from Lasalle Bank National Association As Trustee & Inc. Midland Loan Services to L.P. Archon Financial. Show Details
    • On 2002-07-26 a mortgage on this property was transferred from Lasalle Bank National Association As Trustee to L.P. Archon Financial. Show Details
    • Inc. Salomon Brothers Mortgage Securities Vii & Cdc Securitization Corporation was granted Power of Attorney for Inc. Midland Loan Services on 2002-07-26 Show Details
    • On 2002-07-26 a mortgage on this property was transferred from Salomon Brothers Realty Corp. to Lasalle Bank National Association. Show Details
    • On 2002-07-26 a mortgage on this property was transferred from Salomon Brothers Realty Corp. to Lasalle Bank National Association As Trustee. Show Details
    • On 2002-07-26 a mortgage on this property was transferred from L.P. Archon Financial to Goldman Sachs Mortgage Company. Show Details
    • 498 Seventh, LLC took a mortgage for $115,000.00 from L.P. Archon Financial on 2002-07-26. Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: As Trustee Lasalle Bank National Associaton, Assignee: Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: As Trustee Lasalle Bank National Association, Assignee: Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: Lasalle Bank National Association As Trustee, Assignee: Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: As Trustee Lasalle Bank National Association, Assignee: Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: As Trustee Lasalle Bank National Association, Assignee: Show Details
    • UCC3 Termination dated 2002-05-31, Debtor: 498 Seventh, LLC, Secured Party: As Trustee Lasalle Bank National Association, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., As Trustee Lasalle Bank National Associaton Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., As Trustee Lasalle Bank National Association Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., As Trustee Lasalle Bank National Association Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., As Trustee Lasalle Bank National Association Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., Lasalle Bank National Association As Trustee Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2002-02-06. Parties: 498 Seventh, LLC, Salomon Brothers Realty Corp., As Trustee Lasalle Bank National Association Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Sapient Corporation and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Hazen & Sawyer P.C. and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Inc. Cintra Software Andservices and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Data Broadcasting Corporation and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Inc. Victoria'S Secret Stores and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Inc. Modell'S Ii and Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2001-01-12 between Interpublic Group Ofcompanies and Salomon Brothers Realty Corporation Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Brothers Holdings Inc. & Lehman Capital Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from 498 Seventh, LLC to Salomon Brothers Realty Corp.. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2000-11-22 between 498 Seventh, LLC and Salomon Brothers Realty Corp. Show Details
    • 498 Seventh, LLC took a mortgage for $14,704,235.40 from Salomon Brothers Realty Corp. on 2000-11-22. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lasalle National Bank As Trustee to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lasalle National Bank As Trustee to Salomon Brothers Realty Corp.. Show Details
    • On 2000-11-22 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Salomon Brothers Realty Corp.. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • A Miscellaneous legal document filed on 2000-11-22. Parties: Salomon Brothers Realty Corp. Show Details
    • 498 Seventh, LLC Satisfied their Mortgage with Lehman Capital & Lehman Brothers Holdings Inc. on 2000-11-22. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2000-10-23. Parties: 498 Seventh, LLC, Lehman Brothers Holdings Inc, Salomon Brothers Realty Corp. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2000-10-23. Parties: 498 Seventh, LLC, Lehman Brothers Holdings Inc, Salomon Brothers Realty Corp. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2000-10-23. Parties: 498 Seventh, LLC, Lehman Brothers Holdings Inc., Salomon Brothers Realty Corp. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2000-10-23. Parties: 498 Seventh, LLC, Lehman Brothers Holdings Inc., Salomon Brothers Realty Corp. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2000-10-23. Parties: 498 Seventh, LLC, Lehman Brothers Holdings Inc., Salomon Brothers Realty Corp. Show Details
    • Initial UCC1 dated 2000-10-23, Debtor: 498 Seventh, LLC, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • On 2000-05-24 a mortgage on this property was transferred from Lehman Capital & Lehman Brothers Holdings Inc. to Lasalle National Bank. Show Details
    • On 1999-12-16 a mortgage on this property was transferred from Lehman Capital & Lehman Bros. Holdings Inc. to La Salle National Bank As Trustee. Show Details
    • Mortgage Agreement for $0.00 dated 1999-10-01 between Lehman Brothers Holdings Inc. and Inc. Hatfield Philips Show Details
    • A Miscellaneous legal document filed on 1999-09-03. Parties: Inc. Colliers Abr Show Details
    • On 1999-05-21 a mortgage on this property was transferred from 498 Seventh, LLC to Lehman Capital & Lehman Brothers Holdings Inc.. Show Details
    • Mortgage Agreement for $0.00 dated 1999-05-21 between Inc. Bates Advertising Usa and Lehman Capital & Lehman Brothers Holdings Inc. Show Details
    • ... and 53 older documents.

    Lot

    Address
    498 7th Ave, 10018
    Square Footage
    38,800
    Lot Type
    Corner
    Dimensions
    98.75ft x 225.0ft
    BBL
    1007860051

    Neighborhood

    Neighborhood
    Midtown South
    Historic District
    N/A
    Community District
    05
    City Council
    3
    Police Precinct
    14
    Fire Company
    E026
    School District
    2
    Census Tract
    109

    Zoning

    Zoning District
    M1-6
    Commercial Overlay
    N/A
    Special Purpose
    G
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $20,100,000
    MV Total
    $206,221,000
    AV Land
    $9,045,000
    AV Total
    $92,799,450

    Floor Area Ratio

    Built FAR
    21.71

    Residential
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining -842,295.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 388,000.0 sq. ft.
    Remaining -454,295.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 388,000.0 sq. ft.
    Remaining -454,295.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1920
    Alterations
    N/A
    Floors
    24.0
    Residential Units
    0
    Total Units
    1
    Floor Area
    842295
    Basement
    Unknown
    Proximity
    Unknown

    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