503 Broadway #1
Soho
New York, NY, 10012

Built in 1900 this 171,062 sq.ft. building is 76% Office Space, 24% Retail and contains 0 residential units and 5 non-residential units.

This property is currently Off Market.

    Transit

    • Spring St Route 6 3 Minute walk, 0.1 Miles
    • Canal St (UL) Route JRoute NRoute QRoute RRoute ZRoute 6 4 Minute walk, 0.2 Miles
    • Broadway-Lafayette St Route BRoute DRoute FRoute MRoute 6 5 Minute walk, 0.3 Miles
    • Spring St Route CRoute E 7 Minute walk, 0.4 Miles
    • Canal St Route ARoute CRoute E 8 Minute walk, 0.4 Miles
    • Canal St Route 1 10 Minute walk, 0.5 Miles
    • Chambers St Route JRoute ZRoute 4Route 5Route 6 13 Minute walk, 0.7 Miles
    • Chambers St Route ARoute CRoute ERoute 2Route 3 15 Minute walk, 0.8 Miles
    • Union Square Route LRoute NRoute QRoute RRoute 4Route 5Route 6 20 Minute walk, 1.0 Miles

    Schools

    • Elementary School

      • P.S. 130 Hernando De Soto
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Renny Fong
        • Phone: 212-226-8072
        • Address: 143 Baxter Street
        • Website: schools.nyc.gov
    • Middle School

      • Warning: This property is located near the boundary of it's school zone.
      • 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, students receive priority to Millennium High School (02M418).

    Public Records

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    • Mortgage Agreement for $60,000,000.00 dated 2015-09-21 between 507 Broadway LLC and Principal Life Insurance Company Show Details
    • 507 Broadway LLC took a mortgage for $5,000,000.00 from Principal Life Insurance Company on 2015-09-21. Show Details
    • On 2015-09-21 a mortgage on this property was transferred from Lcf 503 Bway LLC to Principal Life Insurance Company. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-09-28. Parties: Lcf 503 Bway LLC Show Details
    • UCC3 Termination dated 2015-09-24, Debtor: 507 Broadway LLC, Secured Party: Lcf 503 Bway LLC, Assignee: Show Details
    • Initial UCC1 dated 2015-09-24, Debtor: 507 Broadway LLC, Secured Party: Principal Life Insurance Company, Assignee: Show Details
    • Old Navy, LLC sold this property to 507 Broadway LLC & Fsf Soho, LLC for $20,302,500.00 on 2015-01-26. Show Details
    • Mortgage Agreement for $0.00 dated 2014-09-30 between Ladder Capital Finance LLC and Old Navy, LLC & 507 Broadway LLC Show Details
    • Mortgage Agreement for $0.00 dated 2014-09-30 between Ladder Capital Finance LLC and Bath & Body Works, LLC Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-11-13. Parties: Inc. Mortgage Electronic Registration Systems Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2014-11-05. Parties: 507 Broadway LLC, Tuebor Captive Insurance Company LLC, Lcf 503 Bway LLC Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2014-11-05. Parties: Tuebor Captive Insurance Company LLC, Lcf 503 Bway LLC Show Details
    • On 2014-10-31 a mortgage on this property was transferred from Tuebor Captive Insurance Company LLC to Lcf 503 Bway LLC. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2014-10-30. Parties: Ladder Capital Finance LLC, Tuebor Captive Insurance Company LLC Show Details
    • On 2014-10-01 a mortgage on this property was transferred from Ladder Capital Finance LLC to Tuebor Captive Insurance Company LLC. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2014-10-24. Parties: 507 Broadway LLC, Ladder Capital Finance LLC, Tuebor Captive Insurance Company LLC Show Details
    • Initial UCC1 dated 2014-10-16, Debtor: 507 Broadway LLC, Secured Party: Ladder Capital Finance LLC, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 507 Broadway LLC by Ladder Capital Finance, LLC or 2014-09-30 Show Details
    • Mortgage Agreement for $55,000,000.00 dated 2014-09-30 between 507 Broadway LLC and Ladder Capital Finance, LLC Show Details
    • 507 Broadway LLC took a mortgage for $25,000,000.00 from Ladder Capital Finance, LLC on 2014-09-30. Show Details
    • 503 Broadway LLC sold this property to 507 Broadway LLC for $0.00 on 2014-09-30. Show Details
    • On 2014-09-30 a mortgage on this property was transferred from Inc. Mortgage Electronic Registration Systems to Ladder Capital Finance LLC. Show Details
    • Maps filed 2014-08-25 Show Details
    • Condo Declaration (Deeds And Other Conveyances) was filed on 2014-08-25. Parties: 503-511 Broadway Condominium Show Details

    Lot

    Address
    503 Broadway #1, 10012
    Square Footage
    24,960
    Lot Type
    Dimensions
    0.57ft x 0.0ft
    BBL
    1004847502
    Condo Number
    2461

    Neighborhood

    Neighborhood
    Soho
    Historic District
    SoHo-Cast Iron
    Community District
    02
    City Council
    1
    Police Precinct
    1
    Fire Company
    E055
    School District
    2
    Census Tract
    49

    Zoning

    Zoning District
    M1-5B
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $9,488,750
    MV Total
    $45,113,000
    AV Land
    $4,269,937
    AV Total
    $20,300,850

    Floor Area Ratio

    Built FAR
    6.85

    Residential
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining -171,062.0 sq. ft.

    Commercial
    Zoned FAR 5.0
    Max 124,800.0 sq. ft.
    Remaining -46,262.0 sq. ft.

    Facility
    Zoned FAR 6.5
    Max 162,240.0 sq. ft.
    Remaining -8,822.0 sq. ft.

    Building

    Condo Number
    2461
    Category
    Condominiums
    Class
    Office Space
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1900
    Alterations
    N/A
    Floors
    5.0
    Residential Units
    0
    Total Units
    5
    Floor Area
    171062
    Basement
    Unknown
    Proximity
    Unknown

    Crime

    This property is located in the 1st Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the 1st Precinct saw 1816 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 1st Precinct saw 258 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