550 7th Ave
Midtown South
New York, NY, 10018

Built in 1924 this 225,981 sq.ft. building is 95% Office Space, 5% Retail and contains 0 residential units and 30 non-residential units.

This property is currently Off Market.

    Transit

    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 0 Minute walk, 0.0 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 12 Minute walk, 0.6 Miles
    • 42nd St Route BRoute DRoute FRoute MRoute 7 4 Minute walk, 0.2 Miles

    Schools

    • Elementary School

      • 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

      • 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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    • A mortgage agreement for $0.00 was filed on 2016-07-22 Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-04-14. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-04-14. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2015-04-14. Show Details
    • Initial UCC1 dated 2015-04-14, Secured Party: Apple Bank For Savings Show Details
    • An Assignment of Leases and Rents was filed on 2015-03-12 Show Details
    • An Assignment of Leases and Rents was filed on 2015-03-12 Show Details
    • A $1,000.00 mortgage was taken from Apple Bank For Savings on 1201-03-12. Show Details
    • A mortgage agreement for $26,000,000.00 was filed on 1015-03-12 Show Details
    • A $4,439,915.17 mortgage was taken from Apple Bank For Savings on 2015-03-12. Show Details
    • On 2015-03-04 a mortgage on this property was transferred from New York State Teachers' Retirement System to Apple Bank For Savings. Show Details
    • This property was sold for $0.00 on 2015-03-12. Show Details
    • UCC3 Amendment dated 2011-08-19, Secured Party: Nec Financial Services, LLC Show Details
    • Initial UCC1 dated 2008-09-30, Secured Party: Nec Financial Services, LLC Show Details
    • A mortgage agreement for $0.00 was filed on 2005-12-27 Show Details
    • An Assignment of Leases and Rents was filed on 2005-12-16 Show Details
    • An Assignment of Leases and Rents was filed on 2005-12-16 Show Details
    • A mortgage agreement for $23,461,065.95 was filed on 2005-12-16 Show Details
    • A $1,507,168.65 mortgage was taken from New York State Teachers' Retirement System on 2005-12-16. Show Details
    • Subordination Of Mortgage (Mortgages & Instruments) was filed on 2004-02-11. Show Details
    • A mortgage agreement for $0.00 was filed on 2003-07-01 Show Details
    • A mortgage agreement for $0.00 was filed on 2003-03-10 Show Details
    • This property was sold for $0.00 on 2002-07-01. Show Details
    • This property was leased on 2002-07-01 Show Details
    • A mortgage agreement for $0.00 was filed on 2002-12-17 Show Details
    • A Miscellaneous legal document filed on 2002-12-17. Show Details
    • A mortgage agreement for $0.00 was filed on 2002-09-05 Show Details
    • UCC3 Amendment dated 2002-08-02, Secured Party: New York State Teachers' Retirement System Show Details
    • A mortgage agreement for $0.00 was filed on 2001-11-08 Show Details
    • A $24,418,483.47 mortgage was taken from New York State Teachers' Retirement System on 2001-11-08. Show Details
    • A $839,947.83 mortgage was taken from New York State Teachers' Retirement System on 2001-11-08. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-11-08 Show Details
    • On 2001-11-08 a mortgage on this property was transferred from G&S Realty 2, LLC to New York State Teachers' Retirement System. Show Details
    • On 2001-11-08 a mortgage on this property was transferred from Adler Holdings Ii, LLC to New York State Teachers' Retirement Systems. Show Details
    • This property was leased on 2001-07-26 Show Details
    • This property was leased on 2001-07-26 Show Details
    • Initial UCC1 dated 2001-08-30, Secured Party: New York State Teachers' Retirement System Show Details
    • Initial UCC1 dated 2001-08-30, Secured Party: New York State Teacher'S Retirement System Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2001-08-21. Show Details
    • This property was leased on 2000-12-01 Show Details
    • This property was leased on 2000-12-01 Show Details
    • Initial UCC1 dated 1996-08-21, Secured Party: New York State Teachers' Retirement System Show Details
    • A mortgage agreement for $0.00 was filed on 1996-08-13 Show Details
    • A Power of Attorney associated with this address was filed on 1996-08-13 Show Details
    • A $2,479,486.09 mortgage was taken from Nys Teachers' Retirement System on 1996-08-13. Show Details
    • A mortgage agreement for $0.00 was filed on 1995-04-06 Show Details
    • This property was sold for $0.00 on 1995-01-01. Show Details
    • A $50,000,000.00 mortgage was taken from New York State Etc on 1990-10-10. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1990-08-31. Show Details
    • This property was sold for $0.00 on 1974-03-06. Show Details

    Lot

    Address
    550 7th Ave, 10018
    Square Footage
    9,875
    Lot Type
    Corner
    Dimensions
    98.75ft x 100.0ft
    BBL
    1007890036

    Neighborhood

    Neighborhood
    Midtown South
    Historic District
    N/A
    Community District
    05
    City Council
    3
    Police Precinct
    14
    Fire Company
    E026
    School District
    2
    Census Tract
    113

    Zoning

    Zoning District
    M1-6
    Commercial Overlay
    N/A
    Special Purpose
    G
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $12,900,000
    MV Total
    $55,720,000
    AV Land
    $5,805,000
    AV Total
    $25,074,000

    Floor Area Ratio

    Built FAR
    22.88

    Residential
    Zoned FAR 0.0
    Max 0.0 sq. ft.
    Remaining -225,981.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 98,750.0 sq. ft.
    Remaining -127,231.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 98,750.0 sq. ft.
    Remaining -127,231.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Office Building; Tower Type
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1924
    Alterations
    N/A
    Floors
    23.0
    Residential Units
    0
    Total Units
    30
    Floor Area
    225981
    Basement
    Full Basement Below Grade
    Proximity
    Attached

    Crime

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

    Property Crime

    Very high
    In 2015 the Midtown South Precinct saw 11196 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

    Very high
    In 2015 the Midtown South Precinct saw 2014 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).

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