501 2nd Ave
Kips Bay
New York, NY, 10016

Built in 1978 this 108,614 sq.ft. building is 92% Residential, 8% Retail and contains 128 residential units and 2 non-residential units.

This property is currently Off Market.

    Transit

    • 28th St Route 6 6 Minute walk, 0.3 Miles
    • 28th St Route NRoute R 12 Minute walk, 0.6 Miles
    • 3rd Av Route L 16 Minute walk, 0.8 Miles
    • Grand Central-42nd St Route GSRoute 4Route 5Route 6Route 7 17 Minute walk, 0.9 Miles
    • 34th St Route 1Route 2Route 3 20 Minute walk, 1.0 Miles
    • Times Square-42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 25 Minute walk, 1.3 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • 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
    11GOff Market0
    11EOff Market0
    11DOff Market0
    11COff Market0
    11BOff Market0
    11AOff Market0
    4COff Market0
    11HOff Market0
    PROFOff Market0
    6HOff Market0
    14HOff Market0
    6DOff Market0
    6COff Market0
    6AOff Market0
    10AOff Market0
    8BOff Market0
    8DOff Market0
    8EOff Market0
    10FOff Market0
    8GOff Market0
    8HOff Market0
    10DOff Market0
    7HOff Market0
    7FOff Market0
    7COff Market0
    10EOff Market0
    5COff Market0
    17COff Market0
    17BOff Market0
    17EOff Market0
    17DOff Market0
    5EOff Market0
    5DOff Market0
    17HOff Market0
    5HOff Market0
    16BOff Market0
    16AOff Market0
    16FOff Market0
    16GOff Market0
    16DOff Market0
    16EOff Market0
    16HOff Market0
    1Off Market0
    5Off Market0
    15HOff Market0
    15COff Market0
    15AOff Market0
    15GOff Market0
    15EOff Market0
    15DOff Market0
    2BOff Market0
    2FOff Market0
    2GOff Market0
    2DOff Market0
    2HOff Market0
    4DOff Market0
    4EOff Market0
    4FOff Market0
    14GOff Market0
    4AOff Market0
    14BOff Market0
    14COff Market0
    4HOff Market0
    3AOff Market0
    17AOff Market0
    3COff Market0
    3EOff Market0
    3DOff Market0
    3GOff Market0
    3FOff Market0
    3HOff Market0
    FOff Market0
    5GOff Market0
    5FOff Market0
    8AOff Market0
    13EOff Market0
    9HOff Market0
    9GOff Market0
    13DOff Market0
    13AOff Market0
    9BOff Market0
    13COff Market0
    13BOff Market0
    8FOff Market0
    9COff Market0
    10HOff Market0
    12FOff Market0
    12DOff Market0
    12EOff Market0
    12BOff Market0
    12COff Market0
    14DOff Market0
    14FOff Market0
    4GOff Market0
    14AOff Market0

    Public Records

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    • Initial UCC1 dated 2014-02-18, Debtor: Mb Grayson LLC, Secured Party: New York Branch Bank Of China, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Mb Grayson LLC by New York Branch Bank Of China or 2014-02-12 Show Details
    • Mortgage Agreement for $40,000,000.00 dated 2014-02-12 between Mb Grayson LLC and New York Branch Bank Of China Show Details
    • Mb Grayson LLC took a mortgage for $1,500,000.00 from New York Branch Bank Of China on 2014-02-12. Show Details
    • UCC3 Termination dated 2014-02-18, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • UCC3 Termination dated 2014-02-18, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • UCC3 Termination dated 2014-02-18, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-02-18. Parties: Manufacturers And Traders Trust Company, 28Th Street Ny Investors LLC Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-02-18. Parties: Manufacturers And Traders Trust Company, 28Th Street Ny Investors LLC Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-02-18. Parties: Manufacturers And Traders Trust Company, 28Th Street Ny Investors LLC Show Details
    • On 2014-02-12 a mortgage on this property was transferred from Manufacturers And Traders Trust Company to New York Branch Bank Of China. Show Details
    • On 2014-02-12 a mortgage on this property was transferred from Manufacturers And Traders Trust Company to New York Branch Bank Of China. Show Details
    • On 2014-02-12 a mortgage on this property was transferred from Manufacturers And Traders Trust Company to New York Branch Bank Of China. Show Details
    • 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC & Spg 28Th Street Tic LLC sold this property to Mb Grayson LLC for $99,750,000.00 on 2014-02-12. Show Details
    • Mortgage Agreement for $2,700,677.00 dated 2013-08-28 between 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC & Spg 28Th Street Tic LLC and Manufacturers And Traders Trust Company Show Details
    • Mortgage Agreement for $7,799,323.00 dated 2013-08-28 between 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC & Spg 28Th Street Tic LLC and Manufacturers And Traders Trust Company Show Details
    • Mortgage Agreement for $28,000,000.00 dated 2013-08-28 between 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC & Spg 28Th Street Tic LLC and Manufacturers And Traders Trust Company Show Details
    • Mortgage Agreement for $38,500,000.00 dated 2013-08-28 between 28Th Street Ny Investors LLC & Spg 28Th Street Tic LLC & 28Th Street Achilles Fee Owner LLC & 28Th Street Ny Investors LLC and Manufacturers And Traders Trust Company Show Details
    • UCC3 Amendment dated 2013-09-30, Debtor: 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • UCC3 Amendment dated 2013-09-30, Debtor: 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • UCC3 Amendment dated 2013-09-30, Debtor: 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • 28Th Street Ny Investors LLC sold this property to 28Th Street Ny Investors LLC & 28Th Street Achilles Fee Owner LLC & Spg 28Th Street Tic LLC for $0.00 on 2013-08-28. Show Details
    • Mortgage Agreement for $0.00 dated 2012-02-16 between National Association Jpmorgan Chase Bank & 28Th Street Ny Investors LLC and Manufacturers And Traders Trust Company Show Details
    • Initial UCC1 dated 2012-03-06, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 28Th Street Ny Investors LLC by Manufacturers And Traders Trust Company or 2012-02-16 Show Details
    • 28Th Street Ny Investors LLC took a mortgage for $2,700,677.00 from Manufacturers And Traders Trust Company on 2012-02-16. Show Details
    • Initial UCC1 dated 2012-03-06, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 28Th Street Ny Investors LLC by Manufacturers And Traders Trust Company or 2012-02-16 Show Details
    • 28Th Street Ny Investors LLC took a mortgage for $7,799,323.00 from Manufacturers And Traders Trust Company on 2012-02-16. Show Details
    • Initial UCC1 dated 2012-03-06, Debtor: 28Th Street Ny Investors LLC, Secured Party: Manufacturers And Traders Trust Company, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 28Th Street Ny Investors LLC by Manufacturers And Traders Trust Company or 2012-02-16 Show Details
    • Mortgage Agreement for $28,000,000.00 dated 2012-02-16 between 28Th Street Ny Investors LLC and Manufacturers And Traders Trust Company Show Details
    • 28Th Street Ny Investors LLC took a mortgage for $3,000,000.00 from Manufacturers And Traders Trust Company on 2012-02-16. Show Details
    • On 2012-02-16 a mortgage on this property was transferred from Sovereign Bank & N.A. Sovereign Bank to Manufacturers And Traders Trust Company. Show Details
    • On 2012-01-24 a mortgage on this property was transferred from Fannie Mae to Sovereign Bank. Show Details
    • L.P. What Cheer Realty Co. sold this property to 28Th Street Ny Investors LLC for $53,000,000.00 on 2012-02-16. Show Details
    • UCC3 Termination dated 2012-03-05, Debtor: L.P. What Cheer Realty Co., Secured Party: Fannie Mae, Assignee: Show Details
    • On 2007-11-29 a mortgage on this property was transferred from Sovereign Bank to Fannie Mae. Show Details
    • Mortgage Agreement for $25,000,000.00 dated 2007-11-29 between L.P. What Cheer Realty Co. and Sovereign Bank Show Details
    • On 2007-11-27 a mortgage on this property was transferred from Lasalle Bank National Association to Sovereign Bank. Show Details
    • What Cheer Realty Co. L.P. took a mortgage for $15,823,075.31 from Sovereign Bank on 2007-11-29. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2008-01-11. Parties: What Cheer Realty Co. L.P., Lasalle Bank National Association Show Details
    • UCC3 Termination dated 2008-01-11, Debtor: What Cheer Realty Co. L.P., Secured Party: Lasalle National Bank, Assignee: Show Details
    • Wachovia Bank was granted Power of Attorney for L.P. Gemsa Loan Services on 2004-08-26 Show Details
    • Initial UCC1 dated 2007-12-24, Debtor: L.P. What Cheer Realty Co., Secured Party: Fannie Mae, Assignee: Show Details
    • Initial UCC1 dated 2003-04-24, Debtor: What Cheer Realty Co. L.P., Secured Party: As Trustee For The Register Lasalle National Bank, Assignee: Show Details
    • On 2000-03-29 a mortgage on this property was transferred from Gmac Commercial Mortgage Corporation to Lasalle National Bank As Trustee. Show Details
    • UCC3 Termination dated 1999-01-08, Debtor: Lp What Cheer Realty Co., Secured Party: Gmac Commercial Mortgage Corporation, Assignee: Show Details
    • L.P. What Cheer Realty Co. took a mortgage for $2,860,678.18 from Gmac Commercial Mortgage Corporation on 1998-12-28. Show Details
    • On 1998-12-28 a mortgage on this property was transferred from L.P. What Cheer Realty Co. to Gmac Commercial Mortgage Corporation. Show Details
    • Mortgage Agreement for $0.00 dated 1998-12-28 between L.P. What Cheer Realty Co. and Gmac Commercial Mortgage Corporation Show Details
    • Initial UCC1 dated 1998-12-10, Debtor: L.P. What Cheer Realty Co., Secured Party: Gmac Commercial Mortgage Corporation, Assignee: Show Details
    • On 1998-08-25 a mortgage on this property was transferred from First National Bankof Maryland to Gmac Commercial Mortgage Corporation. Show Details
    • On 1998-08-14 a mortgage on this property was transferred from First National Bankof Marylan to Gmac Commercial Mortgage Corporation. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1998-06-10. Parties: Lp What Cheer Realty Co., As Cust First National Bankof Maryland, Gmac Commercial Mortgage Corporation Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1998-06-10. Parties: Lp What Cheer Realty Co., Union Labor Life Ins. Co. The, As Cust First National Bankof Maryland Show Details
    • Initial UCC1 dated 1997-06-09, Debtor: Lp What Cheer Realty Co., Secured Party: Union Labor Life Ins. Co. The, Assignee: Show Details
    • On 1996-07-22 a mortgage on this property was transferred from Union Labor Life Insurance Company to First National Bankof Maryland. Show Details
    • On 1996-07-22 a mortgage on this property was transferred from Union Labor Life Insurance Company to Prudential Insurancecompany Of America. Show Details
    • What Cheer Realty Co. L.P. took a mortgage for $1,084,235.25 from Union Labor Life Insurance Company on 1995-01-11. Show Details
    • On 1995-01-11 a mortgage on this property was transferred from What Cheer Realty Co. L.P. to Union Labor Life Insurance Company. Show Details
    • Mortgage Agreement for $0.00 dated 1995-01-11 between What Cheer Realty Co. L.P. and Union Labor Life Insurance Company Show Details
    • On 1995-01-11 a mortgage on this property was transferred from John Hancock Mutuallife Insurance Company to Union Labor Life Insurance Company. Show Details
    • A Miscellaneous legal document filed on 1995-01-11. Parties: John Hancock Mutuallife Insurance Company Show Details
    • UCC3 Termination dated 1995-01-11, Debtor: What Cheer Realty Co., Secured Party: John Hancock Mutuallife Insurance Company, Assignee: Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1991-01-25. Parties: What Cheer Realty Co., John Hancock Etc Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1991-01-25. Parties: What Cheer Realty Co., John Hancock Mutuallife Insurance Company Show Details
    • On 1986-02-20 a mortgage on this property was transferred from What Cheer Rlty Co to John Hancock Mtl Lifetc. Show Details
    • Mortgage Agreement for $0.00 dated 1986-02-20 between What Cheer Realty Co. and John Hancock Mutl Lf.Etc Show Details
    • What Cheer Realty Co. took a mortgage for $1,776,019.28 from John Hancock Mutl Lf.Etc on 1986-02-20. Show Details
    • On 1986-02-20 a mortgage on this property was transferred from Inc. Topkow to John Hanck Mutl Lifeetc. Show Details
    • Initial UCC1 dated 1986-02-20, Debtor: What Cheer Realty Co., Secured Party: John Hancock Mutuallife Insurance Company, Assignee: Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1986-02-20. Parties: What Cheer Rlty Co., John Hancock Mutl Lf.Etc Show Details
    • On 1981-06-22 a mortgage on this property was transferred from John Hancock Mtl Lfins to Topkow Inc. Show Details
    • What Cheer Realty Co took a mortgage for $0.00 from John Hancock Mtl Lfins on 1981-06-22. Show Details
    • On 1981-06-22 a mortgage on this property was transferred from What Cheer Realty Co to John Hancock Mtl Lfins. Show Details
    • Mortgage Agreement for $0.00 dated 1981-06-22 between What Cheer Realty Co and John Hancock Mtl Lfins Show Details
    • On 1981-06-22 a mortgage on this property was transferred from Merrill Lynch Hntn Paige to John Hancock Mtl Lfins. Show Details
    • On 1981-04-10 a mortgage on this property was transferred from Government Natl Mtge to Merrill Lynch Hntn Paige. Show Details
    • Government Natl Mtge was granted Power of Attorney for Joseph R Eldred on 1981-04-10 Show Details
    • On 1980-01-10 a mortgage on this property was transferred from Huntoon Paige Assocltd to Government Natl Mtge. Show Details
    • Mortgage Agreement for $0.00 dated 1978-03-10 between What Cheer Realty Co & Sec Of Hud and Huntoon Paige Assocsltd Show Details
    • What Cheer Realty Co took a mortgage for $0.00 from Huntoon Paige Assocsltd on 1978-03-10. Show Details
    • 501 2 Ave Corp sold this property to What Cheer Realty Co for $0.00 on 1978-03-10. Show Details
    • Mortgage Agreement for $0.00 dated 1977-07-25 between 501 2Nd Ave Corp and Manhattan Savings Bank Show Details
    • A Miscellaneous legal document filed on 1974-11-07. Parties: 501 2Nd Ave Corp & I B M Rosen Realty Corp & Manhattan Savings Bank Show Details
    • Renovations For Today & John Street Coffee Corp & Edward Katz & Daniel Katz sold this property to 501 2Nd Ave Corp for $0.00 on 1974-10-10. Show Details
    • 501 2Nd Ave Corp took a mortgage for $0.00 from Manhattan Savings Bank on 1974-10-10. Show Details
    • On 1974-10-10 a mortgage on this property was transferred from 501 2Nd Ave Corp to Manhattan Savings Bank. Show Details
    • George Rolnick sold this property to John Street Coffee Corp for $0.00 on 1974-01-25. Show Details
    • Daniel Katz sold this property to John Street Coffee Corp for $0.00 on 1974-01-25. Show Details
    • George Rolnick sold this property to Daniel Katz for $0.00 on 1973-12-06. Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Sept. 2, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Mb Grayson Llc, 224 West 30Th Street #601, New York, NY 10001
    • Managing Agent: Starpointe Management, Llc, Jeffrey Tao, 224 West 30Th Street #601, New York, NY 10001
    • Head Officer: Donald Li, 224 West 30Th Street #601, New York, NY 10001
    • Officer: Ryan Zou, 224 West 30Th Street, New York, NY 10016
    • Site Manager: Jeffrey Tao,

    Building Tips

    Lot

    Address
    501 2nd Ave, 10016
    Square Footage
    13,915
    Lot Type
    Corner
    Dimensions
    98.75ft x 125.08ft
    BBL
    1009090028

    Neighborhood

    Historic District
    N/A
    Community District
    06
    City Council
    2
    Police Precinct
    13
    Fire Company
    E016
    School District
    2
    Census Tract
    66

    Zoning

    Zoning District
    C1-8A
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2
    MV Land
    $4,200,000
    MV Total
    $23,838,000
    AV Land
    $1,890,000
    AV Total
    $10,727,100

    Floor Area Ratio

    Built FAR
    7.81

    Residential
    Zoned FAR 7.52
    Max 104,640.8 sq. ft.
    Remaining -3,973.2 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 27,830.0 sq. ft.
    Remaining -80,784.0 sq. ft.

    Facility
    Zoned FAR 7.5
    Max 104,362.5 sq. ft.
    Remaining -4,251.5 sq. ft.

    Building

    Category
    Elevator Apartments
    Class
    Elevator Apt; Fireproof With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    1
    Year Built
    1978
    Alterations
    N/A
    Floors
    17.0
    Residential Units
    128
    Total Units
    130
    Floor Area
    108614
    Basement
    Full Basement Below Grade
    Proximity
    Semi-Attached

    Crime

    This property is located in the 13th Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the 13th Precinct saw 1756 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

    Low
    In 2015 the 13th Precinct saw 390 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