587 5th Ave
Midtown
New York, NY, 10017

Built in 1921 this 33,922 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

    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute M 4 Minute walk, 0.2 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute MRoute 7 5 Minute walk, 0.3 Miles
    • 5th Av-53rd St Route ERoute M 6 Minute walk, 0.3 Miles
    • 49th St Route NRoute QRoute R 7 Minute walk, 0.4 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 8 Minute walk, 0.4 Miles
    • 50th St Route 1 10 Minute walk, 0.5 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 11 Minute walk, 0.6 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 12 Minute walk, 0.6 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • P.S. 059 Beekman Hill International
        • Grades: 0K,01,02,03,04,05,SE
        • Principal: Adele Schroeter
        • Phone: 212-888-7870
        • Address: 231-249 East 56 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

    Get a free price estimate for this property to determine how much it should sell for. Start Now

    • Initial UCC1 dated 2017-05-18, Secured Party: Sterling National Bank Show Details
    • UCC3 Termination dated 2017-04-12, Secured Party: Lp Rcg Lv Debt V Reit, Assignee: Show Details
    • UCC3 Termination dated 2017-04-12, Secured Party: Lp Rcg Lv Debt V Reit, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2017-04-12. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2017-04-12. Show Details
    • An Assignment of Leases and Rents was filed on 2017-03-30 Show Details
    • A mortgage agreement for $36,000,000.00 was filed on 2017-03-30 Show Details
    • A $9,331,604.10 mortgage was taken from Sterling National Bank on 2017-03-30. Show Details
    • On 2017-03-30 a mortgage on this property was transferred from Lp Rcg Lv Debt V Reit to Sterling National Bank. Show Details
    • On 2017-03-30 a mortgage on this property was transferred from Lp Rcg Lv Debt V Reit to Sterling National Bank. Show Details
    • Initial UCC1 dated 2017-04-03, Secured Party: Sterling National Bank Show Details
    • Assignment Of Lease (Other Documents) was filed on 2017-03-22. Show Details
    • Assignment Of Lease (Other Documents) was filed on 2016-12-21. Show Details
    • Assignment Of Lease (Other Documents) was filed on 2016-12-21. Show Details
    • This property was sold for $8,000,000.00 on 2016-12-06. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2016-12-14. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2016-12-14. Show Details
    • On 2016-12-06 a mortgage on this property was transferred from Signature Bank to Lp Rcg Lv Debt V Reit. Show Details
    • A mortgage agreement for $0.00 was filed on 2014-08-08 Show Details
    • A mortgage agreement for $0.00 was filed on 2014-09-02 Show Details
    • Initial UCC1 dated 2014-10-09, Secured Party: Lp Rcg Lv Debt V Reit Show Details
    • An Assignment of Leases and Rents was filed on 2014-09-02 Show Details
    • A $10,523,050.00 mortgage was taken from Lp Rcg Lv Debt V Reit on 2014-09-02. Show Details
    • A mortgage agreement for $16,471,842.13 was filed on 2014-07-31 Show Details
    • A mortgage agreement for $0.00 was filed on 2014-03-12 Show Details
    • A mortgage agreement for $0.00 was filed on 2014-02-24 Show Details
    • This property was sold for $947,830.00 on 2013-02-28. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2013-03-04. Show Details
    • A mortgage agreement for $0.00 was filed on 2009-10-23 Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2009-07-28. Show Details
    • A mortgage with Lasalle Bank N.A. was satisfied on 2009-07-20. Show Details
    • UCC3 Termination dated 2009-04-29, Secured Party: As Trustee For The Registered H Lasalle Bank N.A., Assignee: Show Details
    • Initial UCC1 dated 2008-12-03, Secured Party: As Trustee For The Registered H Lasalle Bank N.A. Show Details
    • UCC3 Termination dated 2008-08-14, Secured Party: As Trustee Lasalle Bank National Association, Assignee: Show Details
    • Release dated 2008-07-31. Show Details
    • Initial UCC1 dated 2008-08-14, Secured Party: Signature Bank Show Details
    • An Assignment of Leases and Rents was filed on 2008-07-31 Show Details
    • A mortgage agreement for $18,000,000.00 was filed on 2008-07-31 Show Details
    • A mortgage agreement for $18,000,000.00 was filed on 2008-07-31 Show Details
    • A $11,924,126.62 mortgage was taken from Signature Bank on 2008-07-31. Show Details
    • On 2008-07-31 a mortgage on this property was transferred from As Trustee Lasalle Bank National Association to Signature Bank. Show Details
    • On 2004-04-15 a mortgage on this property was transferred from Emigrant Savings Bank to As Trustee Lasalle Bank N.A.. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-09-12. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2005-06-01. Show Details
    • On 2004-02-02 a mortgage on this property was transferred from N.A. Wachovia Bank to N.A. Lasalle Bank. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-02-04. Show Details
    • UCC3 Termination dated 2004-08-25, Secured Party: Hsbc Bank Usa, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2004-08-25. Show Details
    • An Assignment of Leases and Rents was filed on 2004-06-02 Show Details
    • A mortgage agreement for $0.00 was filed on 2004-06-03 Show Details
    • A $2,378,830.00 mortgage was taken from National Association Wachovia Bank on 2004-06-02. Show Details
    • On 2004-06-02 a mortgage on this property was transferred from Hsbc Bank Usa to National Association Wachovia Bank. Show Details
    • Initial UCC1 dated 2004-07-16, Secured Party: National Association Wachovia Bank Show Details
    • Initial UCC1 dated 2004-05-12, Secured Party: Emigrant Mortgage Company Show Details
    • Initial UCC1 dated 2003-03-20, Secured Party: Hsbc Bank Usa Show Details
    • An Assignment of Leases and Rents was filed on 2003-01-29 Show Details
    • A $4,125,000.00 mortgage was taken from Hsbc Bank Usa on 2003-01-29. Show Details
    • Assignment Of Lease (Other Documents) was filed on 2003-03-20. Show Details
    • This property was sold for $0.00 on 2001-11-15. Show Details
    • Initial UCC1 dated 2000-01-24, Secured Party: Hemisphere Nationalbank Show Details
    • A mortgage agreement for $0.00 was filed on 1999-06-30 Show Details
    • On 1991-03-04 a mortgage on this property was transferred from Seacom, INC to 587 5Th Realty Co D/B/A & Joseph Tobias & Sons. Show Details
    • A mortgage agreement for $0.00 was filed on 1990-03-15 Show Details
    • Initial UCC1 dated 1990-02-26, Secured Party: Emigrant Svgs Bank Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1990-02-26. Show Details
    • A mortgage agreement for $0.00 was filed on 1990-02-23 Show Details
    • A Miscellaneous legal document filed on 1984-09-28. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1984-05-03. Show Details
    • A mortgage with Norman Kemper was satisfied on 1984-05-03. Show Details
    • A mortgage agreement for $0.00 was filed on 1984-05-03 Show Details
    • A $4,680,998.60 mortgage was taken from Emigrant Savings Bank on 1984-05-03. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1984-05-03. Show Details
    • On 1982-04-09 a mortgage on this property was transferred from Norman Kemper to Sol Goldman. Show Details
    • A mortgage with Norman & Ano Kemper was satisfied on 1982-03-11. Show Details
    • This property was leased on 1980-08-21 Show Details
    • This property was leased on 1980-04-25 Show Details
    • This property was sold for $0.00 on 1978-03-21. Show Details
    • A $0.00 mortgage was taken from Norman Adolf & Norman Kemper on 1977-12-30. Show Details
    • A mortgage agreement for $0.00 was filed on 1977-12-30 Show Details
    • On 1977-12-30 a mortgage on this property was transferred from Mollie Strauss to Norman Kemper. Show Details
    • A mortgage agreement for $0.00 was filed on 1977-12-30 Show Details
    • On 1976-02-13 a mortgage on this property was transferred from Norman Kemper to Mollie Strauss. Show Details
    • This property was leased on 1974-05-03 Show Details
    • This property was sold for $0.00 on 1974-05-02. Show Details
    • A $0.00 mortgage was taken from New York Bnk Svngs on 1974-05-02. Show Details
    • A $0.00 mortgage was taken from Norman Kemper on 1974-05-02. Show Details
    • On 1974-05-02 a mortgage on this property was transferred from Avon Assc Inc to New York Bnk Svngs. Show Details
    • This property was leased on 1972-01-20 Show Details

    Lot

    Address
    587 5th Ave, 10017
    Square Footage
    3,750
    Lot Type
    Inside
    Dimensions
    30.0ft x 125.0ft
    BBL
    1012830072

    Neighborhood

    Neighborhood
    Midtown
    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
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $5,000,000
    MV Total
    $11,755,000
    AV Land
    $2,250,000
    AV Total
    $5,289,750

    Floor Area Ratio

    Built FAR
    9.05

    Residential
    Zoned FAR 10.0
    Max 37,500.0 sq. ft.
    Remaining 3,578.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 56,250.0 sq. ft.
    Remaining 22,328.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 56,250.0 sq. ft.
    Remaining 22,328.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1921
    Alterations
    N/A
    Floors
    10.0
    Residential Units
    0
    Total Units
    2
    Floor Area
    33922
    Basement
    Full Basement Below Grade
    Proximity
    Unknown

    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