547 5th Ave
Midtown
New York, NY, 10017

Built in 1927 this 427,178 sq.ft. building is 92% Office Space, 8% Retail, 0% Storage, 0% Other and contains 0 residential units and 107 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av Route BRoute DRoute FRoute MRoute 7 4 Minute walk, 0.2 Miles
    • 5th Av-53rd St Route ERoute M 9 Minute walk, 0.5 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 10 Minute walk, 0.5 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 5 Minute walk, 0.2 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

    Public Records

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    • Myron Kaplan sold this property to Kleinberg, Kaplan, Wolff & Cohen Pc for $0.00 on 2014-12-31. Show Details
    • An Assignment of Leases and Rents was granted to French Partners, LLC & New York French Soundview L.L.C. & New York 551 Fifth Avenue Co-Investors L.L.C. by Metropolitan Life Insurance Company A Ny Corp. or 2012-10-01 Show Details
    • Mortgage Agreement for $130,000,000.00 dated 2012-10-01 between French Partners, LLC & New York French Soundview L.L.C. & New York 551 Fifth Avenue Co-Investors L.L.C. and Metropolitan Life Insurance Company A Ny Corp. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-10-16. Parties: Metropolitan Life Insurance Company, French Partners, LLC & New York French Building Co-Investors L.L.C. Show Details
    • An Assignment of Leases and Rents was granted to French Partners, LLC & New York French Soundview L.L.C. & New York 551 Fifth Avenue Co-Investors L.L.C. by Metropolitan Life Insurance Company or 2012-08-09 Show Details
    • French Partners, LLC & New York French Soundview L.L.C. & New York 551 Fifth Avenue Co-Investors L.L.C. took a mortgage for $62,441,233.45 from Metropolitan Life Insurance Company on 2012-08-09. Show Details
    • Mortgage Agreement for $0.00 dated 2011-11-01 between Metropolitan Life Insurance Company and Jeffrey Management Corp. & Tommy Bahama R & R Holdings Inc. Show Details
    • Soundview Plaza Associates L.L.C. sold this property to Spa-Ny L.L.C. for $0.00 on 2008-12-31. Show Details
    • Wien & Malkin Co-Investor Capital L.P. sold this property to Cic-Ny L.L.C. for $0.00 on 2008-12-31. Show Details
    • New York French Soundview L.L.C. sold this property to New York French Soundview L.L.C. & New York 551 Fifth Avenue Co-Investors L.L.C. for $0.00 on 2006-12-31. Show Details
    • French Partners, LLC & New York French Building Co-Investors L.L.C. granted an easement to The National Architectural Trust on 2003-12-30. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2003-05-27. Parties: Metropolitan Life Insurance Company, 551 Fifth Avenue Corporation Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2003-05-27. Parties: Metropolitan Life Insurance Company, 551 Fifth Avenue Corporation Show Details
    • Memorandum Of Contract (Deeds And Other Conveyances) was filed on 2003-05-27. Parties: French Partners, LLC & New York French Building Co-Investors L.L.C., L.L.C. Soundview Plaza Associates & Delmar Realty Co. Inc. & Ics French LLC & Bldg Met Partners, LLC & Feil French LLC & French Otis Buildings LLC Show Details
    • 551 Fifth Ave. Inc. Satisfied their Mortgage with Manufacturers Trust Company on 2002-12-20. Show Details
    • An Assignment of Leases and Rents was granted to Metropolitan Life Insurance Company by French Partners, LLC & New York French Building Co-Investors L.L.C. or 2002-12-23 Show Details
    • French Partners, LLC & New York French Building Co-Investors L.L.C. took a mortgage for $80,000,000.00 from Metropolitan Life Insurance Company on 2002-12-23. Show Details
    • Metropolitan Life Insurance Company sold this property to French Partners, LLC & New York French Building Co-Investors L.L.C. for $128,000,000.00 on 2002-12-23. Show Details
    • UCC3 Amendment dated 2002-10-22, Debtor: Inc. Wesley Bober, Secured Party: Commercial Capital Corporation, Assignee: Show Details
    • Initial UCC1 dated 2002-09-20, Debtor: Inc. Wesley Bober, Secured Party: Commercial Capital Corporation, Assignee: Show Details
    • On 2001-06-21 a mortgage on this property was transferred from Seb Ag to Landesbank Hessen-Thuringen Girozentrale As Agent. Show Details
    • UCC3 Termination dated 1999-07-01, Debtor: Co. Morton'S Of Chicago/Fifth Avenue, Secured Party: Bancboston Leasing Inc., Assignee: Show Details
    • Initial UCC1 dated 1994-08-01, Debtor: Co. Morton'S Of Chicago/Fifth Avenue, Secured Party: Bancboston Leasing Inc., Assignee: Show Details
    • A Miscellaneous legal document filed on 1993-08-30. Parties: Shorenstein Co. East-Etc Show Details
    • Certificate (Other Documents) was filed on 1993-08-30. Parties: Chicago Title Ins Co Show Details
    • Landmark Designation (Other Documents) was filed on 1989-05-25. Parties: Landmarks Preserv/Cmmssn, City Of New York Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1987-01-14. Parties: Windsor Total Videoinc, Rca Corp Show Details
    • 551 Fifth Ave Corp. sold this property to Metropolitan Life Ins Co for $0.00 on 1985-01-31. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1984-06-01. Parties: 595 Fifth Ave. Inc. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1983-09-12. Parties: 551 Fifth Ave.Corp. Show Details
    • Mortgage Agreement for $14,644,979.00 dated 1983-08-16 between 551 Fifth Avenue Corp. and Metropolitan Life Ins Co Show Details
    • 551 Fifth Avenue Corp took a mortgage for $14,644,979.78 from Metropolitan Life Ins Co on 1983-08-16. Show Details
    • On 1983-08-16 a mortgage on this property was transferred from 551 Fifth Avenue Corp to Metropolitan Life Ins Co. Show Details
    • On 1983-08-16 a mortgage on this property was transferred from Fred F. French Etc. to Metropolitan Life Ins Co. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1983-08-16. Parties: 551 Fifth Ave Corp. Show Details
    • 551 Fifth Avenue Corp. took a mortgage for $6,000,000.00 from Inc Fred F.French Inv.Co on 1982-04-12. Show Details
    • On 1973-09-07 a mortgage on this property was transferred from 351 Fifth Ave Corp to Metropolitan Life Ins. Show Details
    • Mortgage Agreement for $0.00 dated 1973-09-07 between 551 Fifth Ave Corp and Metropolitan Life Ins Show Details
    • 351 Fifth Ave Corp took a mortgage for $0.00 from Metropolitan Life Ins on 1973-09-07. Show Details
    • Sundry Mortgage (Mortgages & Instruments) was filed on 1973-09-07. Parties: Robert D Tr Stern & B H Decd Tr Gordon, Metropolitan Life Ins Show Details
    • A Miscellaneous legal document filed on 1973-09-07. Parties: 551 Fifth Ave Corp & Tudor City Parks Inc Show Details

    Lot

    Address
    547 5th Ave, 10017
    Square Footage
    18,950
    Lot Type
    Corner
    Dimensions
    78.42ft x 200.0ft
    BBL
    1012810001

    Neighborhood

    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    L004
    School District
    2
    Census Tract
    94

    Zoning

    Zoning District
    C5-3
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    FRED F. FRENCH BUILDING

    Assessment

    Tax Class
    4
    MV Land
    $20,800,000
    MV Total
    $123,115,000
    AV Land
    $9,360,000
    AV Total
    $55,401,750

    Floor Area Ratio

    Built FAR
    22.54

    Residential
    Zoned FAR 10.0
    Max 189,500.0 sq. ft.
    Remaining -237,678.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 284,250.0 sq. ft.
    Remaining -142,928.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 284,250.0 sq. ft.
    Remaining -142,928.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1927
    Alterations
    N/A
    Floors
    38.0
    Residential Units
    0
    Total Units
    107
    Floor Area
    427178
    Basement
    Full Basement Below Grade
    Proximity
    Semi-Attached

    Crime

    This property is located in the Midtown North Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the Midtown North Precinct saw 3618 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

    High
    In 2015 the Midtown North Precinct saw 603 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