501 7th Ave
Midtown South
New York, NY, 10018

Built in 1923 this 433,330 sq.ft. building is 96% Office Space, 4% Retail, 1% Other and contains 0 residential units and 120 non-residential units.

This property is currently Off Market.

    Transit

    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 2 Minute walk, 0.1 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 14 Minute walk, 0.7 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 5 Minute walk, 0.2 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 6 Minute walk, 0.3 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

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    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2014-09-18. Parties: Erst 501 Seventh Avenue L.L.C., National Association Capital One Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2014-09-18. Parties: Erst 501 Seventh Avenue L.L.C., National Association Capital One Show Details
    • UCC3 Termination dated 2014-09-03, Debtor: L.L.C. Esrt 501 Seventh Avenue, Secured Party: Capital One, National Association, As Successor-In, Assignee: Show Details
    • UCC3 Termination dated 2014-09-03, Debtor: L.L.C. Esrt 501 Seventh Avenue, Secured Party: Capital One, National Association, As Successor-In, Assignee: Show Details
    • Mortgage Agreement for $6,540,000.00 dated 2014-07-30 between Seventh & 37Th Building Associates L.L.C. & L.L.C. Erst 501 Seventh Avenue and National Association Capital One Show Details
    • Mortgage Agreement for $39,621,055.12 dated 2014-07-30 between L.L.C. Erst 501 Seventh Avenue and North Fork Bank & National Association Capital One Show Details
    • Supervisory Management Corp. sold this property to Lmh 501 LLC for $10.00 on 2013-09-20. Show Details
    • The Estate Of Leona M. Helmsley (See Rider) sold this property to L.P. Empire State Realty Op for $21,849,508.00 on 2013-10-07. Show Details
    • UCC3 Termination dated 2013-10-16, Debtor: L.L.C. Seventh & 37Th Building Associates, Secured Party: North Fork Bank & National Association Capital One, Assignee: Show Details
    • UCC3 Termination dated 2013-10-16, Debtor: L.L.C. Seventh & 37Th Building Associates, Secured Party: North Fork Bank & National Association Capital One, Assignee: Show Details
    • UCC3 Termination dated 2013-10-16, Debtor: L.L.C. Seventh & 37Th Building Associates, Secured Party: North Fork Bank & National Association Capital One, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2013-10-16. Parties: National Association Capital One, Seventh & 37Th Building Associates L.L.C. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2013-10-16. Parties: National Association Capital One, Seventh & 37Th Building Associates L.L.C. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2013-10-16. Parties: National Association Capital One, Seventh & 37Th Building Associates L.L.C. Show Details
    • Initial UCC1 dated 2013-10-16, Debtor: L.L.C. Esrt 501 Seventh Avenue, Secured Party: National Association Capital One, Assignee: Show Details
    • Initial UCC1 dated 2013-10-16, Debtor: L.L.C. Esrt 501 Seventh Avenue, Secured Party: National Association Capital One, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to L.L.C. Esrt 501 Seventh Avenue by National Association Capital One or 2013-10-07 Show Details
    • On 2013-10-07 L.L.C. Seventh & 37Th Building Associates & L.L.C. Esrt 501 Seventh Avenue assumed the mortgage granted by National Association Capital One Show Details
    • An Assignment of Leases and Rents was granted to L.L.C. Esrt 501 Seventh Avenue by National Association Capital One or 2013-10-07 Show Details
    • Mortgage Agreement for $39,621,055.12 dated 2013-10-07 between L.L.C. Esrt 501 Seventh Avenue and National Association Capital One Show Details
    • Mortgage Agreement for $0.00 dated 2013-10-07 between L.L.C. Esrt 501 Seventh Avenue and L.L.C. Esrt 501 Seventh Avenue Show Details
    • Assignment Of Lease (Other Documents) was filed on 2013-10-16. Parties: 501 Seventh Avenue Associates & 501 Seventh Avenue Associates L.L.C., L.L.C. Esrt 501 Seventh Avenue Show Details
    • Seventh & 37Th Building Associates L.L.C. & Seventh & 37Th Building Associates sold this property to L.L.C. Esrt 501 Seventh Avenue for $95,555,929.00 on 2013-10-07. Show Details
    • Mortgage Agreement for $6,540,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Mortgage Agreement for $47,700,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Mortgage Agreement for $1,300,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Mortgage Agreement for $47,700,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Mortgage Agreement for $1,300,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Mortgage Agreement for $6,540,000.00 dated 2013-06-06 between Seventh & 37Th Building Associates L.L.C. and National Association Capital One & 501 Seventh Avenue Associates L.L.C. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2013-03-26. Parties: Seventh&37Th Building Associates L.L.C., North Fork Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2013-03-25. Parties: L.L.C. Seventh & 37Th Building Associates, North Fork Bank Show Details
    • Mortgage Agreement for $41,568,145.92 dated 2011-06-29 between Seventh & 37Th Building Associates L.L.C. & 501 Seventh Avenue Associates L.L.C. and National Association Capital One Show Details
    • Mortgage Agreement for $1,126,392.11 dated 2011-06-29 between Seventh & 37Th Building Associates L.L.C. & 501 Seventh Avenue Associates L.L.C. and National Association Capital One Show Details
    • An Assignment of Leases and Rents was granted to Seventh & 37Th Building Associates L.L.C. by National Association Capital One or 2011-06-29 Show Details
    • Seventh & 37Th Building Associates L.L.C. took a mortgage for $6,540,000.00 from National Association Capital One on 2011-06-29. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2008-11-06. Parties: L.L.C. Seventh And 37Th Building Associates, North Fork Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2008-04-10. Parties: Seventh & 37Th Building Associates L.L.C., North Fork Bank Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2008-02-21. Parties: L.L.C. Seventh & 37Th Building Associates, North Fork Bank Show Details
    • Mortgage Agreement for $47,700,000.00 dated 2005-01-01 between L.L.C. Seventh And 37Th Building Associates and North Fork Bank Show Details
    • Mortgage Agreement for $1,300,000.00 dated 2005-01-01 between Seventh And 37Th Building Associates L.L.C. and North Fork Bank Show Details
    • Initial UCC1 dated 2004-04-16, Debtor: L.L.C. Seventh And 37Th Building Associates, Secured Party: North Fork Bank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to North Fork Bank by L.L.C. Seventh And 37Th Building Associates or 2004-02-20 Show Details
    • Mortgage Agreement for $1,300,000.00 dated 2004-02-20 between L.L.C. Seventh And 37Th Building Associates and North Fork Bank Show Details
    • Mortgage Agreement for $47,700,000.00 dated 2004-02-20 between L.L.C. Seventh And 37Th Building Associates and North Fork Bank Show Details
    • L.L.C. Seventh And 37Th Building Associates took a mortgage for $17,400,000.00 from North Fork Bank on 2004-02-20. Show Details
    • Mortgage Agreement for $0.00 dated 2003-08-26 between North Fork Bank and Warnaco Inc Show Details
    • Mortgage Agreement for $0.00 dated 2003-08-27 between Seventh & 37Th Associates LLC and Warnaco Inc Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2004-01-13. Parties: Lp 49/50 Plaza Partners, Hsbc Bank Usa Fka Marine Midland Bank Show Details
    • Initial UCC1 dated 2003-09-19, Debtor: Seventh & 37Th Building Associates L.L.C., Secured Party: North Fork Bank, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2003-09-05. Parties: North Fork Bank, L.L.C. Seventh & 37Th Building Associates Show Details
    • An Assignment of Leases and Rents was granted to North Fork Bank by L.L.C. Seventh & 37Th Building Associates or 2003-08-01 Show Details
    • L.L.C. Seventh & 37Th Building Associates took a mortgage for $30,300,000.00 from North Fork Bank on 2003-08-01. Show Details
    • Mortgage Agreement for $0.00 dated 2003-08-01 between L.L.C. Seventh & 37Th Building Associates and North Fork Bank Show Details
    • An Assignment of Leases and Rents was granted to North Fork Bank by Seventh & 37Th Building Associates L.L.C. or 2003-05-30 Show Details
    • Mortgage Agreement for $0.00 dated 2003-05-30 between Seventh & 37Th Building Associates L.L.C. and North Fork Bank Show Details
    • Seventh & 37Th Building Associates L.L.C. took a mortgage for $359,139.27 from North Fork Bank on 2003-05-30. Show Details
    • On 2003-05-30 a mortgage on this property was transferred from Emigrant Savings Bank to North Fork Bank. Show Details
    • UCC3 Termination dated 2003-07-01, Debtor: Seventh And 37Th Building Associates, Secured Party: Emigrant Savings Bank, Assignee: Show Details
    • Initial UCC1 dated 2003-07-01, Debtor: L.L.C. Seventh & 37Th Building Associates, Secured Party: North Fork Bank, Assignee: Show Details
    • Initial UCC1 dated 1997-05-08, Debtor: Seventh And 37Th Building Associates, Secured Party: Emigrant Savings Bank, Assignee: Show Details
    • UCC3 Termination dated 1997-05-08, Debtor: Seventh & 37Th Building Associates, Secured Party: Apple Bank For Savings, Assignee: Show Details
    • On 1997-04-14 a mortgage on this property was transferred from Apple Bank For Savings to Emigrant Savings Bank. Show Details
    • Seventh & 37Th Building Associates took a mortgage for $60,810.79 from Emigrant Savings Bank on 1997-04-14. Show Details
    • Mortgage Agreement for $0.00 dated 1997-04-14 between Seventh & 37Th Building Associates and Emigrant Savings Bank Show Details
    • A Miscellaneous legal document filed on 1997-04-14. Parties: Apple Bank Savings Show Details
    • Initial UCC1 dated 1994-01-04, Debtor: Seventh & 37Th Building Associates, Secured Party: Apple Bank For Savings, Assignee: Show Details
    • Mortgage Agreement for $0.00 dated 1993-12-10 between Seventh & 37Th Bldngetc and Apple Bank For Savings Show Details
    • 37 Building Assocs took a mortgage for $42,990.05 from Apple Bank For Savings on 1988-01-19. Show Details
    • On 1988-01-19 a mortgage on this property was transferred from Seventh & 37 Bldg Assoc to Apple Bank For Savings. Show Details
    • On 1988-01-19 a mortgage on this property was transferred from Crossland Savings to Apple Bank For Savings. Show Details
    • Mortgage Agreement for $0.00 dated 1987-12-17 between Seventh & 37 Bldg Assocs and Apple Bank For Savings Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1987-12-15. Parties: Seventh & 37 Bldg Asocs, Apple Bank For Savings Show Details
    • Mortgage Agreement for $0.00 dated 1977-10-21 between Grancent Corp & 501 Seventh Ave Assoc and Greenwich Savings Bank Show Details
    • Grancent Corp sold this property to Seventh 37 Bldg Assoc for $0.00 on 1977-10-17. Show Details
    • Grancent Corp took a mortgage for $0.00 from Greenwich Savings Bank on 1977-10-17. Show Details
    • On 1977-10-17 a mortgage on this property was transferred from Metropolitan Lf Insco to Greenwich Savings Bank. Show Details
    • Seventh 37 Bldg Assoc sold this property to Grancent Corp for $0.00 on 1977-10-17. Show Details
    • Mortgage Agreement for $0.00 dated 1975-11-05 between Seventh & 37 Bldg Assoc and Metropolitan Lf Insco Show Details
    • A Miscellaneous legal document filed on 1971-04-22. Parties: Patrica Fair, INC & Seventh & 37Th Building Show Details
    • Patricia Fair Inc leased this property from 501 Seventh Avenue Assc on 1971-04-22 Show Details
    • Patricia Fair Inc leased this property from 501 Seventh Avenue Assc on 1971-01-08 Show Details
    • A Miscellaneous legal document filed on 1971-01-08. Parties: Seventh & 37Th Building & Patricia Fair, INC Show Details
    • Patricia Fair Inc leased this property from 501 Seventh Avenue Assc on 1971-01-08 Show Details
    • Patricia Fair Inc leased this property from 501 Seventh Avenue Assc on 1971-01-08 Show Details

    Lot

    Address
    501 7th Ave, 10018
    Square Footage
    24,095
    Lot Type
    Corner
    Dimensions
    98.75ft x 244.0ft
    BBL
    1008130001

    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
    $40,800,000
    MV Total
    $80,950,000
    AV Land
    $18,360,000
    AV Total
    $36,427,500

    Floor Area Ratio

    Built FAR
    17.98

    Residential
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining -433,330.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 240,950.0 sq. ft.
    Remaining -192,380.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 240,950.0 sq. ft.
    Remaining -192,380.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1923
    Alterations
    N/A
    Floors
    17.0
    Residential Units
    0
    Total Units
    120
    Floor Area
    433330
    Basement
    Full Basement Below Grade
    Proximity
    Attached

    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