501 3rd Ave
Kips Bay
New York, NY, 10016

Built in 1950 this 3,050 sq.ft. building is 100% Retail and contains 24 residential units and 3 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
    • 3rd Av Route L 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

    Units at this Address

    PriceUnitLast UpdateStatusPublic Records
    508Off Market1

    Public Records

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    • Zoning Lot Description (Other Documents) was filed on 2016-11-15. Parties: 497 Mm Associates LLC & Exrp Third LLC Show Details
    • Zoning Lot Description (Other Documents) was filed on 2016-11-15. Parties: Signature Bank Show Details
    • Certificate (Other Documents) was filed on 2016-11-15. Parties: Commonwealth Land Title Insurance Company Show Details
    • 497 Mm Associates LLC granted an easement to Exrp Third LLC on 2016-11-02. Show Details
    • Exrp Third LLC sold this property to Exrp Third LLC for $0.00 on 2015-12-01. Show Details
    • An Assignment of Leases and Rents was granted to 497 Mm Associates LLC & Exrp Third LLC by Signature Bank or 2016-03-16 Show Details
    • 497 Mm Associates LLC & Exrp Third LLC took a mortgage for $3,500,000.00 from Signature Bank on 2016-03-16. Show Details
    • An Assignment of Leases and Rents was granted to Exrp Third LLC by Signature Bank or 2015-12-01 Show Details
    • Exrp Third LLC took a mortgage for $12,400,000.00 from Signature Bank on 2015-12-01. Show Details
    • 501 LLC sold this property to Exrp Third LLC for $11,000,000.00 on 2015-12-01. Show Details
    • Initial Coop UCC1 dated 2010-10-25, Debtor: Benjamin Sheena, Secured Party: N.A. Bank Of America, Assignee: Show Details
    • Fund B & Will Of Manny E. Duell LLC sold this property to 501 LLC for $0.00 on 1998-01-30. Show Details
    • Manny E. L/W/T Duell & Irene As Trustee Duell sold this property to Fund B for $0.00 on 1997-11-05. Show Details
    • Irene As Executor Duell & Manny L/W/T Duell & Seth Asexecutor Rubenstein sold this property to Manny E. L/W/T Duell & Andrew As Trustee Duell & Irene As Trustee Duell for $0.00 on 1996-05-24. Show Details
    • Andrew John Realty Inc. sold this property to Manny E. Estate/ Duell & Andrew Executors Duell & Irene Executors Duell for $0.00 on 1979-12-26. Show Details
    • Mortgage Agreement for $0.00 dated 1987-07-21 between Evorg 52 Inc and Irene Ex Duell & Manny E. Est/ Duell Show Details
    • Sally Nadel Satisfied their Mortgage with East River Svgs Bank on 1987-06-04. Show Details
    • Mortgage Agreement for $0.00 dated 1980-01-24 between Andrew John Realty Inc and East River Savings Bank Show Details
    • Manny E Est Duell sold this property to Andrew John Realty Inc for $0.00 on 1980-01-24. Show Details
    • Morgan Holding Corp sold this property to Irene Duell & Andrea Ex Duell & Manny E Decd Duell for $0.00 on 1978-10-27. Show Details
    • 501 Third Ave Corp sold this property to Morgan Holding Corp for $0.00 on 1978-10-27. Show Details
    • Mortgage Agreement for $0.00 dated 1974-09-06 between East River Savings Bank and 501 Third Avenue Corp Show Details
    • 501 Third Ave Corp took a mortgage for $0.00 from Edwards Matilda & Edwards Philip on 1967-07-19. Show Details
    • Edwards Matilda & Edwards Philip sold this property to 501 Third Ave Corp for $0.00 on 1967-07-19. Show Details
    • A Miscellaneous legal document filed on 1966-10-13. Parties: Shapiro Bernard & Edwards Matilda Show Details
    • Edwards Phillps & Edwards Matilda took a mortgage for $0.00 from Shapiro Barnard on 1966-10-13. Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Sept. 23, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Exrp Third Llc, 805 Third Ave #7TH FL, New York, NY 10022
    • Managing Agent: Extell Development, Tzvi Grossman, 805 Third Ave #7TH FL, New York, NY 10022
    • Head Officer: Marc Kwestel, 805 Third Ave #7TH FL, New York, NY 10022
    • Officer: Asher Schepansky, 805 Third Ave #7TH FL, New York, NY 10022
    • Site Manager: Steve Howley,

    Lot

    Address
    501 3rd Ave, 10016
    Square Footage
    3,540
    Lot Type
    Corner
    Dimensions
    44.25ft x 80.0ft
    BBL
    1009140059

    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
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $2,500,000
    MV Total
    $5,378,000
    AV Land
    $1,125,000
    AV Total
    $2,420,100

    Floor Area Ratio

    Built FAR
    0.86

    Residential
    Zoned FAR 10.0
    Max 35,400.0 sq. ft.
    Remaining 32,350.0 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 7,080.0 sq. ft.
    Remaining 4,030.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 35,400.0 sq. ft.
    Remaining 32,350.0 sq. ft.

    Building

    Category
    Hotels
    Class
    Miscellaneous Hotel
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1950
    Alterations
    N/A
    Floors
    5.0
    Residential Units
    24
    Total Units
    27
    Floor Area
    3050
    Basement
    Full Basement Below Grade
    Proximity
    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