550 2nd Ave
Kips Bay
New York, NY, 10016

Built in 1998 this 173,364 sq.ft. building is 48% Retail, 52% Other and contains 0 residential units and 6 non-residential units.

This property is currently Off Market.

    Transit

    • 33rd St Route 6 7 Minute walk, 0.4 Miles
    • Grand Central-42nd St Route GSRoute 4Route 5Route 6Route 7 14 Minute walk, 0.7 Miles
    • 34th St Route 1Route 2Route 3 18 Minute walk, 0.9 Miles
    • 51st St Route ERoute MRoute 6 24 Minute walk, 1.2 Miles
    • 1st Av Route L 19 Minute walk, 1.0 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

    Public Records

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    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2016-06-16. Parties: Fairway East 86Th Street LLC & Fairway Georgetowne LLC & Fairway Group Plainview LLC & Fairway Bakery LLC & Fairway Chelsea LLC & Fairway Broadway LLC & Fairway Westbury LLC & Fairway Nanuet LLC & Fairway Uptown LLC & Fairway Pelham LLC & Fairway Kips Bay LLC & Fairway Redhook LLC & Fairway Douglaston LLC & Fairway Lake Grove LLC, Credit Suisse Ag Show Details
    • Mortgage Agreement for $0.00 dated 2012-07-18 between Dfd Development Limited Partnership and Fairway Kips Bay LLC Show Details
    • Mortgage Agreement for $0.00 dated 2012-05-08 between Dfd Development Limited Partnership & N.A. Td Bank and Westdeutsche Immobilienbank Ag Show Details
    • Mortgage Spreader Agreement (Mortgages & Instruments) was filed on 2013-04-01. Parties: Fairway Group Plainview LLC & Fairway Red Hook LLC & Fairway Kips Bay LLC & Fairway East 86Th Street LLC & Fairway Broadway LLC & Fairway Pelham LLC & Fairway Westbury LLC & Fairway Douglaston LLC & Fairway Uptown LLC, Credit Suisse Ag Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2013-04-01. Parties: Dfd Development Limited Partnership, Fairway Kip Bay LLC Show Details
    • Mortgage Agreement for $0.00 dated 2012-09-26 between The Prudential Insurance Company Of America and Jade 2Nd Ave LLC & Easy 30Th St LLC Show Details
    • UCC3 Termination dated 2012-10-26, Debtor: Kips Bay Development Limited Partnership & Dfd Development Limited Parnership, Secured Party: Westdeutsche Immobilienbank Ag, Assignee: Show Details
    • On 2012-09-26 a mortgage on this property was transferred from Westdeutsche Immobilienbank Ag to Jade 2Nd Ave LLC. Show Details
    • On 2012-09-26 a mortgage on this property was transferred from Westdeutsche Immobilienbank Ag to Jade 2Nd Ave LLC. Show Details
    • An Assignment of Leases and Rents was granted to Dfd Development Limited Partnership by The Prudential Insurance Company Of America or 2012-09-26 Show Details
    • An Assignment of Leases and Rents was granted to Kips Bay Development Limited Partnership by The Prudential Insurance Company Of America or 2012-09-26 Show Details
    • Dfd Development Limited Partnership took a mortgage for $18,700,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • Kips Bay Development Limited Partnership took a mortgage for $66,300,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • An Assignment of Leases and Rents was granted to Dfd Development Limited Partnership by The Prudential Insurance Company Of America or 2012-09-26 Show Details
    • An Assignment of Leases and Rents was granted to Kips Bay Development Limited Partnership by The Prudential Insurance Company Of America or 2012-09-26 Show Details
    • Mortgage Agreement for $66,300,000.00 dated 2012-09-26 between Dfd Development Limited Parnership and The Prudential Insurance Company Of America Show Details
    • Dfd Development Limited Partnership took a mortgage for $15,600,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • Mortgage Agreement for $18,700,000.00 dated 2012-09-26 between Kips Bay Development Limited Partnership and The Prudential Insurance Company Of America Show Details
    • Kips Bay Development Limited Partnership took a mortgage for $4,400,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • Dfd Development Limited Partnership took a mortgage for $50,700,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • Kips Bay Development Limited Partnership took a mortgage for $14,300,000.00 from The Prudential Insurance Company Of America on 2012-09-26. Show Details
    • Mortgage Agreement for $65,000,000.00 dated 2012-09-26 between Kips Bay Development Limited Partnership & Dfd Development Limited Partnership and The Prudential Insurance Company Of America Show Details
    • On 2012-09-26 a mortgage on this property was transferred from Westdeutsche Immobilienbank Ag to The Prudential Insurance Company Of America. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-10-26. Parties: Westdeutsche Immobilienbank Ag, Kips Bay Development Limited Partnership Show Details
    • Initial UCC1 dated 2012-10-05, Debtor: Kips Bay Development Limited Partnership, Secured Party: The Prudential Insurance Company Of America, Assignee: Show Details
    • Initial UCC1 dated 2012-10-05, Debtor: Dfd Development Limited Partnership, Secured Party: The Prudential Insurance Company Of America, Assignee: Show Details
    • Crunch Kips Bay, LLC sold this property to Dfd Development Limited Partnership for $1,150,000.00 on 2012-04-18. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2012-09-13. Parties: Kips Bay Development Limited Partnership & Dfd Development Limited Partnership, N.A. Td Bank Show Details
    • Subordination Of Mortgage (Mortgages & Instruments) was filed on 2012-06-28. Parties: Dfd Development Limited Partnership, Westdeutsche Immobilienbank Ag Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Inc. Rite Aid Of New York & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Inc. Petco Animal Supplies Stores & Petco Supplies & Fish & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Inc. Office Depot & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Crunch Kips Bay, LLC & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Dfd Development Limited Partnership & Inc. American Multi-Cinema & Inc. Loews Oakdale Mall Cinemas Show Details
    • Mortgage Agreement for $0.00 dated 2009-11-06 between Westdeutsche Immobilienbank Ag and Inc. Borders & Dfd Development Limited Partnership Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2010-01-11. Parties: The Union Labor Life Insurance Company Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2010-01-11. Parties: The Union Labor Life Insurance Company Show Details
    • On 2009-11-06 a mortgage on this property was transferred from The Union Labor Life Insurance Company to Easy 30Th St LLC. Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $4,994,000.00 from The Union Labor Life Insurance Company on 2009-11-06. Show Details
    • On 2009-11-06 a mortgage on this property was transferred from The Union Labor Life Insurance Company to Jade 2Nd Ave LLC. Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $5,006,000.00 from The Union Labor Life Insurance Company on 2009-11-06. Show Details
    • Mortgage Agreement for $10,000,000.00 dated 2009-11-06 between Kips Bay Development Limited Partnership & Dfd Development Limited Partnership and The Union Labor Life Insurance Company Show Details
    • On 2009-11-06 a mortgage on this property was transferred from Easy 30Th St LLC to Westdeutsche Immobilienbank Ag. Show Details
    • On 2009-11-06 a mortgage on this property was transferred from The Union Labor Life Insurance Company to Easy 30Th St LLC. Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $10,892,350.90 from The Union Labor Life Insurance Company on 2009-11-06. Show Details
    • On 2009-11-06 a mortgage on this property was transferred from Jade 2Nd Ave LLC to Westdeutsche Immobilienbank Ag. Show Details
    • On 2009-11-06 a mortgage on this property was transferred from The Union Labor Life Insurance Company to Jade 2Nd Ave LLC. Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $10,918,523.94 from The Union Labor Life Insurance Company on 2009-11-06. Show Details
    • Initial UCC1 dated 2009-11-13, Debtor: Kips Bay Development Limited Partnership & Dfd Development Limited Partnership, Secured Party: Westdeutsche Immobilienbank Ag, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Kips Bay Development Limited Partnership & Dfd Development Limited Partnership by Westdeutsche Immobilienbank Ag or 2009-11-06 Show Details
    • Mortgage Agreement for $65,000,000.00 dated 2009-11-06 between Kips Bay Development Limited Partnership & Dfd Development Limited Partnership and Westdeutsche Immobilienbank Ag Show Details
    • On 2009-11-06 a mortgage on this property was transferred from The Union Labor Life Insurance Company to Westdeutsche Immobilienbank Ag. Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $65,000,000.00 from The Union Labor Life Insurance Company on 2009-11-06. Show Details
    • Mortgage Agreement for $86,810,874.84 dated 2009-11-06 between Kips Bay Development Limited Partnership & Dfd Development Limited Partnership and The Union Labor Life Insurance Company Show Details
    • Initial UCC1 dated 2008-03-04, Debtor: Kips Bay Development Limited Partnership & Dfd Development Limited Partnership, Secured Party: The Union Labor Life Insurance Company, Assignee: Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $10,000,000.00 from The Union Labor Life Insurance Company on 2008-02-15. Show Details
    • Satisfied their Mortgage with on 2006-01-26. Show Details
    • UCC3 Termination dated 2006-02-07, Debtor: Inc. Kips Bay Cinemas, Secured Party: Inc. Citicorp North America, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-08-16. Parties: Kips Bay Development Limited Partnership & Dfd Development Limited Partership, The New York State Common Retirement Fund & The Union Labor Life Insurance Company, The Union Labor Life Insurance Company Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-08-16. Parties: Kips Bay Development Limited Partnership & Dfd Development Limited Partership, The New York State Common Retirement Fund & The Union Labor Life Insurance Company, The Union Labor Life Insurance Company Show Details
    • An Assignment of Leases and Rents was granted to by or 2005-07-22 Show Details
    • Mortgage Agreement for $90,000,000.00 dated 2005-07-22 between and Show Details
    • Kips Bay Development Limited Partnership & Dfd Development Limited Partnership took a mortgage for $36,295,577.41 from The Union Labor Life Insurance Company on 2005-07-22. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2005-08-16. Parties: F/K/A The New York State Common Retirement Fund & The Common Retirement Fund, The Union Labor Life Insurance Company Show Details
    • On 2005-07-22 a mortgage on this property was transferred from F/K/A The New York State Common Retirement Fund & The Common Retirement Fund to The Union Labor Life Insurance Company. Show Details
    • Loews Partners Lp & Ocm Cinema Holdings, LLC & John Bonnett Mc Coy & Loews Executive Investco LLC & Onex American Holding Subco LLC & Granite Investment Limited Partnership & As Attorney In Fact Onex American Holding Ii Llc & Allen Karp sold this property to Lce Acquisition Corporation for $13,795,329.00 on 2004-07-30. Show Details
    • Mortgage Agreement for $39,754,096.00 dated 2004-07-30 between and Show Details
    • On 2004-07-30 a mortgage on this property was transferred from Deutsche Bank Trust Company Americas to Inc. Citicorp North America. Show Details
    • Initial UCC1 dated 2004-08-19, Debtor: Inc. Kips Bay Cinemas, Secured Party: Inc. Citicorp North America, Assignee: Show Details
    • Inc. Kips Bay Cinemas took a mortgage for $820,126,000.00 from Bankers Trust Company on 2002-05-29. Show Details
    • A Miscellaneous legal document filed on 2001-12-26. Parties: Commissioner Of Finance Of The City Of New York Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Inc. Office Depot and Union Labor Life Insurance Company & New York State Common Retirement Fund & Dfd Development Limited Partnership Show Details
    • On 2000-05-12 a mortgage on this property was transferred from Inc. Cibc to Union Labor Life Insurance Company & The New York State Common Retirement Fund. Show Details
    • A Miscellaneous legal document filed on 2000-05-12. Parties: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership and Union Labor Life Insurance Company & New York State Common Retirement Fund Show Details
    • Dfd Development Limited Partnership took a mortgage for $9,608,172.00 from Union Labor Life Insurance Company on 2000-05-12. Show Details
    • On 2000-05-12 a mortgage on this property was transferred from Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership to Union Labor Life Insurance Company & New York State Common Retirement Fund. Show Details
    • Kips Bay Developmentlimited Partnership took a mortgage for $391,828.00 from Union Labor Life Insurance Company on 2000-05-12. Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Petco Supplies & Fish & Dfd Development Limited Partnership and New York State Common Retiremetn Fund & Union Labor Life Insurance Company Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Inc. Jack La Lanne Fitness Centers and Union Labor Life Insurance Company & New York State Common Retirement Fund & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Inc. Borders and Union Labor Life Insurance Company & New York State Common Retirement Fund & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Inc. Rite Aid Of New York and Union Labor Life Insurance Company & New York State Common Retirement Fund & Dfd Development Limited Partnership Show Details
    • Mortgage Agreement for $0.00 dated 2000-05-12 between Inc. Kips Bay Cinemas & Inc. Loews Oakdale Mall Cinemas and Union Labor Life Insurance Company & New York State Common Retirement Fund & Dfd Development Limited Partnership Show Details
    • Initial UCC1 dated 2000-05-04, Debtor: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership, Secured Party: Union Labor Life Insurance Company, Assignee: Show Details
    • Initial UCC1 dated 2000-05-04, Debtor: Dfd Development Limited Partership & Kips Bay Developmentlimited Partnership, Secured Party: Union Labor Life Insurance Company, Assignee: Show Details
    • UCC3 Termination dated 2000-05-04, Debtor: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership, Secured Party: Inc. Cibc, Assignee: Show Details
    • UCC3 Termination dated 2000-05-04, Debtor: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership, Secured Party: Inc. Cibc, Assignee: Show Details
    • Inc. Office Depot leased this property from Dfd Development Limited Partnership on 1999-05-21 Show Details
    • Mortgage Agreement for $0.00 dated 1999-05-21 between Kips Bay Developmentlimited Partnership and Inc. Office Depot Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1999-04-19. Parties: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership, Nationalassociation Fleet Bank, Inc. Cibc Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1999-04-19. Parties: Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership, Fleet Bank, Inc. Cibc Show Details
    • Mortgage Agreement for $0.00 dated 1999-03-31 between Inc. Jack La Lanne Fitness Centers and Inc. Cibc Show Details
    • Mortgage Agreement for $0.00 dated 1999-03-31 between Inc. Jack La Lanne Fitness Centers and Kips Bay Developmentlimited Partnership Show Details
    • Dfd Development Limited Partnership leased this property from Inc. Jack La Lanne Fitness Centers on 1997-11-05 Show Details
    • On 1998-11-30 a mortgage on this property was transferred from Ltd. Royalton to Inc. Cibc. Show Details
    • A Miscellaneous legal document filed on 1998-11-30. Parties: Fleet Bank Show Details
    • A Miscellaneous legal document filed on 1998-11-30. Parties: Fleet Bank Show Details
    • Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership took a mortgage for $26,536,330.00 from Inc. Cibc on 1998-11-30. Show Details
    • On 1998-11-30 a mortgage on this property was transferred from Dfd Development Limited Partnership to Kips Bay Developmentlimited Partnership. Show Details
    • Dfd Development Limited Partnership & Kips Bay Developmentlimited Partnership took a mortgage for $11,463,670.00 from Inc. Cibc on 1998-11-30. Show Details
    • ... and 49 older documents.

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on July 26, 2016 and the registration expires Sept. 1, 2017.

    • Corporate Owner: 326 East 85 Realty, Llc, 328 East 85 Realty, Llc, 419 Lafayette Street #5TH FL, New York, NY 10003
    • Managing Agent: Icon Realty Management Llc, Terrence Lowenberg, 419 Lafayette Street #5TH FL, New York, NY 10003
    • Head Officer: Terrence Lowenberg, 419 Lafayette Street #5TH FL, New York, NY 10003
    • Officer: Todd Cohen, 419 Lafayette Street #5TH FL, New York, NY 10003
    • Site Manager: Jovencio Mercado,

    Lot

    Address
    550 2nd Ave, 10016
    Square Footage
    54,162
    Lot Type
    Corner
    Dimensions
    429.75ft x 126.0ft
    BBL
    1009360001

    Neighborhood

    Neighborhood
    NeighborhoodContent object
    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
    R8
    Commercial Overlay
    C2-5
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $17,500,000
    MV Total
    $47,785,000
    AV Land
    $7,875,000
    AV Total
    $21,503,250

    Floor Area Ratio

    Built FAR
    3.2

    Residential
    Zoned FAR 6.02
    Max 326,055.24 sq. ft.
    Remaining 152,691.24 sq. ft.

    Commercial
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining 0 sq. ft.

    Facility
    Zoned FAR 6.5
    Max 352,053.0 sq. ft.
    Remaining 178,689.0 sq. ft.

    Building

    Category
    Theatres
    Class
    Theatre In Mixed-Use Building
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1998
    Alterations
    N/A
    Floors
    2.0
    Residential Units
    0
    Total Units
    6
    Floor Area
    173364
    Basement
    Unknown
    Proximity
    Unknown

    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