520 2nd Ave
Kips Bay
New York, NY, 10016

Built in 1975 this 829,024 sq.ft. building is 98% Residential, 2% Retail and contains 894 residential units and 8 non-residential units.

This property is currently Off Market.

    Transit

    • 28th St Route 6 7 Minute walk, 0.3 Miles
    • 28th St Route NRoute R 12 Minute walk, 0.6 Miles
    • 34th St Route BRoute DRoute FRoute MRoute NRoute QRoute R 16 Minute walk, 0.8 Miles
    • 28th St Route 1 18 Minute walk, 0.9 Miles
    • 34th St Route 1Route 2Route 3 19 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

      • For 2015-2016: Grades K-2 are zoned to PS 281 and Grades 2-5 are zoned to PS 116.
      • The River School
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Jessica Orleans
        • Phone: 212-251-6640
        • Address: 425 East 35Th Street
        • Website: schools.nyc.gov
      • 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
    K401Off Market1
    20AOff Market0
    RESOff Market1

    Public Records

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    • UCC3 Amendment dated 2016-12-15, Secured Party: Fannie Mae Show Details
    • Initial UCC1 dated 2016-12-13, Secured Party: National Association Wells Fargo Bank & Fannie Mae Show Details
    • On 2016-12-08 a mortgage on this property was transferred from National Association Wells Fargo Bank to Fannie Mae. Show Details
    • A $92,402,000.00 mortgage was taken from National Association Wells Fargo Bank on 2016-12-08. Show Details
    • On 2016-12-08 the mortgage granted by Fannie Mae was assumed by a new party. Show Details
    • A Power of Attorney associated with this address was filed on 2016-05-25 Show Details
    • This property was sold for $620,000,000.00 on 2016-12-08. Show Details
    • This property was sold for $69,852,905.01 on 2014-09-30. Show Details
    • UCC3 Termination dated 2013-10-11, Secured Party: Federal Home Loan Mortgage Corporation, Assignee: Show Details
    • A mortgage agreement for $0.00 was filed on 2013-07-30 Show Details
    • Initial UCC1 dated 2013-08-27, Secured Party: National Association Wells Fargo Bank Show Details
    • On 2013-07-30 a mortgage on this property was transferred from National Association Wells Fargo Bank to Fannie Mae. Show Details
    • A mortgage agreement for $200,100,000.00 was filed on 2013-07-30 Show Details
    • A $110,100,000.00 mortgage was taken from National Association Wells Fargo Bank on 2013-07-30. Show Details
    • On 2013-07-23 a mortgage on this property was transferred from Federal Home Loan Mortgage Corporation to National Association Wells Fargo Bank. Show Details
    • UCC3 Termination dated 2013-08-27, Secured Party: Federal Home Loan Mortgage Corporation, Assignee: Show Details
    • A Miscellaneous legal document filed on 2013-08-27. Show Details
    • A mortgage with New York State Housing Finance Agency was satisfied on 2013-07-30. Show Details
    • UCC3 Termination dated 2012-12-24, Secured Party: Inc. The Cit Group/Equipment Financing, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2012-08-13. Show Details
    • UCC3 Amendment dated 2009-06-16, Secured Party: Federal Home Loan Mortgage Corporation Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2009-03-25. Show Details
    • UCC3 Termination dated 2009-03-06, Secured Party: Ny Branch Societe Generale, Assignee: Show Details
    • Initial UCC1 dated 2008-01-30, Secured Party: Inc. The Cit Group/Equipment Financing Show Details
    • This property was sold for $362,419,501.00 on 2006-02-03. Show Details
    • Initial UCC1 dated 2005-08-16, Secured Party: United Acquisition Leasing Corp Show Details
    • Initial UCC1 dated 2004-09-03, Secured Party: Federal Home Loan Mortgage Corporation (002781972) & Manufacturers And Traders Trust Company Show Details
    • On 2004-08-05 a mortgage on this property was transferred from Manufacturers And Traders Trust Company to Federal Home Loan Mortgage Corporation. Show Details
    • A mortgage agreement for $90,000,000.00 was filed on 2004-08-05 Show Details
    • A $54,581,356.00 mortgage was taken from Manufacturers And Traders Trust Company on 2004-08-05. Show Details
    • On 2004-07-29 a mortgage on this property was transferred from M & T Real Estate Trust to Manufacturers And Traders Trust Company. Show Details
    • UCC3 Termination dated 2004-09-03, Secured Party: M & T Real Estate Trust, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2004-09-03. Show Details
    • A mortgage agreement for $0.00 was filed on 2004-08-04 Show Details
    • A mortgage agreement for $0.00 was filed on 2004-08-05 Show Details
    • Subordination Of Mortgage (Mortgages & Instruments) was filed on 2004-09-03. Show Details
    • A Miscellaneous legal document filed on 2003-09-22. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2003-09-22. Show Details
    • UCC3 Termination dated 2003-09-17, Secured Party: Fa Washington Mutual Bank, Assignee: Show Details
    • Subordination Of Mortgage (Mortgages & Instruments) was filed on 2003-08-08. Show Details
    • A $1,250,000.00 mortgage was taken from New York State Housing Finance Agency on 2002-05-14. Show Details
    • A mortgage agreement for $0.00 was filed on 2003-05-14 Show Details
    • Initial UCC1 dated 2003-08-08, Secured Party: M&T Real Estate Trust Show Details
    • An Assignment of Leases and Rents was filed on 2003-07-29 Show Details
    • A mortgage agreement for $0.00 was filed on 2003-07-29 Show Details
    • A $7,030,000.00 mortgage was taken from M&T Real Estate Trust on 2003-07-29. Show Details
    • On 2003-07-29 a mortgage on this property was transferred from New York State Housing Finance Agency to M&T Real Estate Trust. Show Details
    • This property was sold for $0.00 on 2003-07-29. Show Details
    • This property was leased on 2003-03-20 Show Details
    • Declaration (Other Documents) was filed on 1996-09-27. Show Details
    • Initial UCC1 dated 1996-08-21, Secured Party: New York State Housing Finance Agency Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1989-09-21. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1989-09-21. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1978-05-10. Show Details
    • Certificate (Other Documents) was filed on 1978-05-05. Show Details
    • This property was leased on 1977-02-02 Show Details
    • A mortgage agreement for $0.00 was filed on 1977-02-02 Show Details
    • A $0.00 mortgage was taken from New Yrk St Hsg Fnc Agncy on 1974-02-01. Show Details
    • Declaration (Other Documents) was filed on 1974-02-01. Show Details
    • This property was sold for $0.00 on 1974-02-01. Show Details
    • A Miscellaneous legal document filed on 1974-02-01. Show Details
    • A Miscellaneous legal document filed on 1968-03-14. Show Details
    • A Miscellaneous legal document filed on 1968-03-14. Show Details
    • A Miscellaneous legal document filed on 1966-12-13. Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on July 5, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: Bellevue South Associate, Lp, 902 Broadway #13, New York, NY 10010
    • Managing Agent: Phipps Houses Services, Miriam Rubinton, 500 Second Avenue #5A, New York, NY 10016
    • Head Officer: Adam Weinstein, 902 Broadway #13, New York, NY 10010
    • Officer: Michael Wadman, 902 Broadway #13, New York, NY 10010
    • Site Manager: Miriam Rubinton,

    Building Tips

    Lot

    Address
    520 2nd Ave, 10016
    Square Footage
    141,836
    Lot Type
    Corner
    Dimensions
    692.5ft x 185.0ft
    BBL
    1009340001

    Neighborhood

    Neighborhood
    Kips Bay
    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
    C1-8
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    T
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    2
    MV Land
    $27,701,000
    MV Total
    $188,084,000
    AV Land
    $12,465,450
    AV Total
    $84,637,800

    Floor Area Ratio

    Built FAR
    5.84

    Residential
    Zoned FAR 7.52
    Max 1,066,606.72 sq. ft.
    Remaining 237,582.72 sq. ft.

    Commercial
    Zoned FAR 2.0
    Max 283,672.0 sq. ft.
    Remaining -545,352.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 1,418,360.0 sq. ft.
    Remaining 589,336.0 sq. ft.

    Building

    Category
    Elevator Apartments
    Class
    Elevator Apt; Fireproof With Stores
    Land Use
    Mixed Residential & Commercial Buildings
    Buildings
    8
    Year Built
    1975
    Alterations
    N/A
    Floors
    28.0
    Residential Units
    894
    Total Units
    902
    Floor Area
    829024
    Basement
    Unknown
    Proximity
    Unknown

    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