550 5th Ave
Midtown
New York, NY, 10036

Built in 1940 this 43,140 sq.ft. building is 91% Office Space, 9% Retail and contains 0 residential units and 2 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 8 Minute walk, 0.4 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 6 Minute walk, 0.3 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 9 Minute walk, 0.5 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • 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

      • Warning: This property is located near the boundary of it's school zone.
      • 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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    • Zoning Lot Description (Other Documents) was filed on 2015-06-18. Show Details
    • Certificate (Other Documents) was filed on 2015-06-18. Show Details
    • An easement was granted on 2013-07-17. Show Details
    • Certificate (Other Documents) was filed on 2006-01-11. Show Details
    • This property was sold for $7,920,000.00 on 2005-07-07. Show Details
    • This property was sold for $25,080,000.00 on 2005-07-07. Show Details
    • This property was sold for $0.00 on 2005-07-07. Show Details
    • This property was sold for $0.00 on 2005-07-07. Show Details
    • This property was sold for $0.00 on 2005-07-07. Show Details
    • A mortgage with Brt Realty Trust was satisfied on 2002-09-26. Show Details
    • A Miscellaneous legal document filed on 2001-05-21. Show Details
    • Withheld Satisfaction (Mortgages & Instruments) was filed on 2001-05-21. Show Details
    • A Miscellaneous legal document filed on 2001-05-21. Show Details
    • A Miscellaneous legal document filed on 2001-05-21. Show Details
    • Release dated 2001-05-21. Show Details
    • Release dated 2001-05-21. Show Details
    • UCC3 Termination dated 2001-04-30, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • Release dated 2001-03-20. Show Details
    • Release dated 2001-03-06. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-03-06 Show Details
    • A mortgage agreement for $0.00 was filed on 2001-02-14 Show Details
    • Release dated 2001-02-14. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-01-09 Show Details
    • A mortgage agreement for $0.00 was filed on 2001-01-09 Show Details
    • A mortgage agreement for $0.00 was filed on 2001-01-09 Show Details
    • Release dated 2000-12-26. Show Details
    • Release dated 2000-12-26. Show Details
    • A mortgage agreement for $0.00 was filed on 2000-12-26 Show Details
    • A mortgage agreement for $0.00 was filed on 2000-12-26 Show Details
    • UCC3 Release / UCC Amendment dated 2000-12-15, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • UCC3 Release / UCC Amendment dated 2000-11-24, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • A mortgage agreement for $0.00 was filed on 2000-06-26 Show Details
    • Release dated 2000-03-10. Show Details
    • Release dated 2000-03-10. Show Details
    • A $19,763,559.16 mortgage was taken from Salomon Brothers Realty Corp. on 2000-03-10. Show Details
    • Release dated 2000-03-10. Show Details
    • A $16,356,634.99 mortgage was taken from Salomon Brothers Realty Corp. on 2000-03-10. Show Details
    • A mortgage agreement for $0.00 was filed on 2000-02-17 Show Details
    • A mortgage agreement for $0.00 was filed on 2000-02-07 Show Details
    • A mortgage agreement for $0.00 was filed on 2000-02-07 Show Details
    • A mortgage agreement for $0.00 was filed on 2000-01-03 Show Details
    • A Miscellaneous legal document filed on 2000-01-03. Show Details
    • A mortgage agreement for $0.00 was filed on 2000-01-03 Show Details
    • A $4,993,333.33 mortgage was taken from Salomon Brothers Realty Corp. on 1999-11-15. Show Details
    • A mortgage agreement for $0.00 was filed on 1999-11-15 Show Details
    • UCC3 Release / UCC Amendment dated 1999-01-25, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • UCC3 Release / UCC Amendment dated 1999-01-11, Secured Party: Salomon Brothers Realty Corp., Assignee: Show Details
    • A $42,500,000.00 mortgage was taken from L.P. New Rock Asset Partners on 1998-12-01. Show Details
    • On 1998-12-01 a mortgage on this property was transferred from Nrp LLC I & Nrp LLC Ii to Salomon Brothers Realty Corp.. Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-01 Show Details
    • On 1998-12-01 a mortgage on this property was transferred from Salomon Brothers Realty Corp. to L.P. New Rock Asset Partners. Show Details
    • A $42,500,000.00 mortgage was taken from Salomon Brothers Realty Corp. on 1998-12-01. Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-01 Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-01 Show Details
    • On 1998-12-01 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Salomon Brothers Realty Corp.. Show Details
    • Initial UCC1 dated 1997-12-09, Secured Party: Salomon Brothers Realty Corp. Show Details
    • Court Order (Other Documents) was filed on 1997-09-15. Show Details
    • On 1997-08-20 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Salomon Brothers Realty Corp.. Show Details
    • A mortgage agreement for $0.00 was filed on 1997-08-20 Show Details
    • On 1997-08-20 a mortgage on this property was transferred from L.P. Rock Asset Partners to Salomon Brothers Realty Corp.. Show Details
    • A $10,972,505.11 mortgage was taken from L.P. New Rock Asset Partners on 1997-08-20. Show Details
    • A $60,689,011.38 mortgage was taken from L.P. New Rock Asset Partners on 1997-08-20. Show Details
    • On 1997-08-20 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Salomon Brothers Realty Corp.. Show Details
    • A Miscellaneous legal document filed on 1997-08-20. Show Details
    • This property was sold for $0.00 on 1997-06-24. Show Details
    • A mortgage agreement for $0.00 was filed on 1997-08-20 Show Details
    • On 1997-08-20 a mortgage on this property was transferred from Nrp LLC I & Nrp LLC Ii to Salomon Brothers Realty Corp.. Show Details
    • A mortgage agreement for $0.00 was filed on 1997-08-20 Show Details
    • This property was sold for $0.00 on 1996-07-31. Show Details
    • A Miscellaneous legal document filed on 1996-08-27. Show Details
    • On 1995-11-02 a mortgage on this property was transferred from Resolution Trust Corp to L.P. New Rock Asset Partners. Show Details
    • On 1995-05-31 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1995-05-31 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1995-05-31 a mortgage on this property was transferred from F.A. Farwest Savings & Loan Association to L.P. New Rock Asset Partners. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from Resolution Trsut Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Nomura Asset Capitalcorporation. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Nomur Asset Capitalcorporation. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Nomura Asset Capitalcorporation. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from L.P. New Rock Asset Partners to Nomura Asset Capitalcorporation. Show Details
    • On 1994-10-27 a mortgage on this property was transferred from Resolution Trust Corporation to L.P. New Rock Asset Partners. Show Details
    • On 1993-06-25 a mortgage on this property was transferred from Brt Realty Trust to Resolution Trust Corp.. Show Details
    • On 1993-06-25 a mortgage on this property was transferred from Brt Realty Trust to Resolution Trust Corp.. Show Details
    • On 1993-06-25 a mortgage on this property was transferred from Brt Realty Trust to Resolution Trust Corp.. Show Details
    • On 1993-06-25 a mortgage on this property was transferred from Brt Realty Trust to Resolution Trust Corp.. Show Details
    • On 1993-06-25 a mortgage on this property was transferred from Brt Realty Trust to Resolution Trust Corp. Show Details
    • On 1989-07-27 a mortgage on this property was transferred from Brt Realty Trust to Far West Svgs & Ln Assn. Show Details
    • On 1989-07-27 a mortgage on this property was transferred from Brt Realty Trust to Far West S&L Assn. Show Details
    • On 1989-07-27 a mortgage on this property was transferred from Brt Realty Trust to Far West Svgs & Ln Assn. Show Details
    • This property was sold for $0.00 on 1987-12-23. Show Details
    • On 1989-06-06 a mortgage on this property was transferred from Brt Realty Trust to Far West S&L Assn. Show Details
    • On 1989-05-26 a mortgage on this property was transferred from Brt Realty Trust to Far West Savg/Ln Assoc. Show Details
    • On 1989-05-26 a mortgage on this property was transferred from Brt Realty Trust to Far West S&L Assn. Show Details
    • On 1989-05-26 a mortgage on this property was transferred from Brt Realty Trust to Far West Sav/Ln Assoc. Show Details
    • On 1989-05-26 a mortgage on this property was transferred from Brt Realty Trust to Far West Savg/Ln Assoc. Show Details
    • A $557,349.57 mortgage was taken from Brt Realty Trust on 1988-10-28. Show Details
    • A $422,472.04 mortgage was taken from Brt Realty Trust on 1988-10-28. Show Details
    • A $630,151.00 mortgage was taken from Brt Realty Trust on 1988-10-28. Show Details
    • ... and 45 older documents.

    Lot

    Address
    550 5th Ave, 10036
    Square Footage
    5,000
    Lot Type
    Inside
    Dimensions
    50.0ft x 100.0ft
    BBL
    1012610036

    Neighborhood

    Neighborhood
    Midtown
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    L004
    School District
    2
    Census Tract
    96

    Zoning

    Zoning District
    C5-3
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $5,500,000
    MV Total
    $12,277,000
    AV Land
    $2,475,000
    AV Total
    $5,524,650

    Floor Area Ratio

    Built FAR
    8.63

    Residential
    Zoned FAR 10.0
    Max 50,000.0 sq. ft.
    Remaining 6,860.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 75,000.0 sq. ft.
    Remaining 31,860.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 75,000.0 sq. ft.
    Remaining 31,860.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1940
    Alterations
    N/A
    Floors
    9.0
    Residential Units
    0
    Total Units
    2
    Floor Area
    43140
    Basement
    Full Basement Below Grade
    Proximity
    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