588 5th Ave
Midtown
New York, NY, 10036

Built in 1987 this 93,123 sq.ft. building is 94% Office Space, 6% Retail and contains 0 residential units and 14 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
    • 51st St Route ERoute MRoute 6 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. 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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    • A mortgage agreement for $0.00 was filed on 2016-07-26 Show Details
    • UCC3 Termination dated 2013-11-07, Secured Party: National Association Wells Fargo Bank, Assignee: Show Details
    • A mortgage agreement for $0.00 was filed on 2013-10-28 Show Details
    • Initial UCC1 dated 2013-11-07, Secured Party: Midland National Life Insurance Company Show Details
    • An Assignment of Leases and Rents was filed on 2013-10-28 Show Details
    • A mortgage agreement for $90,000,000.00 was filed on 2013-10-28 Show Details
    • A $27,500,000.00 mortgage was taken from Midland National Life Insurance Company on 2013-10-28. Show Details
    • On 2013-10-28 a mortgage on this property was transferred from National Association Wells Fargo Bank to Midland National Life Insurance Company. Show Details
    • UCC3 Termination dated 2012-08-16, Secured Party: U.S. Bank National Association, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2012-08-16. Show Details
    • UCC3 Termination dated 2012-08-16, Secured Party: U.S.Bank National Association, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2012-08-16. Show Details
    • Initial UCC1 dated 2012-07-12, Secured Party: National Association Wells Fargo Bank Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-07-12. Show Details
    • A mortgage agreement for $62,500,000.00 was filed on 2012-06-22 Show Details
    • A $24,285,060.24 mortgage was taken from National Association Wells Fargo Bank on 2012-06-22. Show Details
    • On 2012-06-22 a mortgage on this property was transferred from U.S.Bank National Association to National Association Wells Fargo Bank. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2012-07-12. Show Details
    • On 2012-06-18 a mortgage on this property was transferred from N.A. Bank Of America to U.S.Bank National Association. Show Details
    • This property was sold for $0.00 on 2012-06-22. Show Details
    • Correction Deed filed 2012-07-12 Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2012-06-26. Show Details
    • A mortgage agreement for $0.00 was filed on 2009-04-06 Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2009-11-25. Show Details
    • UCC3 Amendment dated 2009-11-12, Secured Party: Wachovia Bank, Na, As Master Servicer On Behalf Of Show Details
    • UCC3 Amendment dated 2007-12-21, Secured Party: Lasalle Bank National Association Show Details
    • Initial UCC1 dated 2007-12-21, Secured Party: Lasalle Bank National Association Show Details
    • A mortgage agreement for $40,000,000.00 was filed on 2007-11-29 Show Details
    • This property was sold for $90,000,000.00 on 2007-11-29. Show Details
    • On 2005-03-01 a mortgage on this property was transferred from Wachovia Bank National Association to As Trustee For Lasalle Bank National Association. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2006-09-22. Show Details
    • UCC3 Termination dated 2005-04-04, Secured Party: North Fork Bank, Assignee: Show Details
    • Initial UCC1 dated 2005-04-04, Secured Party: National Association Wachovia Bank Show Details
    • An Assignment of Leases and Rents was filed on 2005-03-01 Show Details
    • A mortgage agreement for $40,000,000.00 was filed on 2005-03-01 Show Details
    • A $16,344,363.73 mortgage was taken from National Association Wachovia Bank on 2005-03-01. Show Details
    • On 2005-02-11 a mortgage on this property was transferred from North Fork Bank to National Association Wachovia Bank. Show Details
    • This property was sold for $53,500,000.00 on 2005-03-01. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-04-04. Show Details
    • On 2002-06-28 a mortgage on this property was transferred from 590 5Th LLC to North Fork Bank. Show Details
    • A mortgage agreement for $0.00 was filed on 2002-06-28 Show Details
    • A $3,000,000.00 mortgage was taken from North Fork Bank on 2002-06-28. Show Details
    • A mortgage agreement for $0.00 was filed on 2002-06-28 Show Details
    • On 2002-06-28 a mortgage on this property was transferred from N.A. Bank Of America to North Fork Bank. Show Details
    • This property was sold for $0.00 on 2002-05-01. Show Details
    • A Miscellaneous legal document filed on 2002-06-28. Show Details
    • Initial UCC1 dated 2002-05-15, Secured Party: North Fork Bank Show Details
    • A $218,973,925.00 mortgage was taken from 590 Fifth Avenue Associates LLC on 2001-04-23. Show Details
    • A $106,026,075.00 mortgage was taken from 590 Fifth Avenue Associates LLC on 2001-04-23. Show Details
    • On 2001-04-23 a mortgage on this property was transferred from Lehman Brothers Holdings Inc. to Lasalle Bank National Assoc. As Trustee. Show Details
    • On 2001-04-23 a mortgage on this property was transferred from Lehman Brothers Holdings Inc. to Lasalle Bank National Assoc. As Trustee. Show Details
    • Release dated 2001-04-23. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-04-23 Show Details
    • On 2001-04-23 a mortgage on this property was transferred from 590 Fifth Avenue Associates LLC to Bank/America N.A.. Show Details
    • A mortgage agreement for $0.00 was filed on 2001-04-23 Show Details
    • A mortgage agreement for $0.00 was filed on 2001-04-23 Show Details
    • A Miscellaneous legal document filed on 2001-04-23. Show Details
    • This property was sold for $0.00 on 2001-02-15. Show Details
    • On 2001-04-23 a mortgage on this property was transferred from Lasalle Bank National Assoc As Trustee to N.A. Bank/America. Show Details
    • On 2001-04-23 a mortgage on this property was transferred from 590 Spe, LLC to Bank/America N.A.. Show Details
    • On 1998-12-07 a mortgage on this property was transferred from 590 Fifth Avenue Associates LLC to Lehman Brothers Holdings Inc.. Show Details
    • A Miscellaneous legal document filed on 1998-12-07. Show Details
    • On 1998-12-07 a mortgage on this property was transferred from 590 Fifth Property LLC to Lehman Brothers Holdings Inc.. Show Details
    • This property was sold for $0.00 on 1998-09-23. Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-07 Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-07 Show Details
    • A mortgage agreement for $0.00 was filed on 1998-12-07 Show Details
    • A $250,000.00 mortgage was taken from 590 Fifth Avenue Associates LLC on 1998-12-07. Show Details
    • A $3,000,000.00 mortgage was taken from 590 Fifth Avenue Associates LLC. on 1998-12-07. Show Details
    • A $3,250,000.00 mortgage was taken from 590 Fifth Avenue Assocaites LLC on 1998-12-07. Show Details
    • A $1,500,000.00 mortgage was taken from Lehman Brothers Holdings Inc. on 1998-12-07. Show Details
    • UCC3 Termination dated 1998-12-01, Secured Party: 590 Fifth Avenue Associates LLC, Assignee: Show Details
    • On 1997-12-16 a mortgage on this property was transferred from Fuji Bank to 590 Fifth Avenue Associates LLC. Show Details
    • On 1997-12-16 a mortgage on this property was transferred from Fuji Bank to 590 Fifth Avenue Associates LLC. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 1997-10-02. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 1994-09-23. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 1993-02-02. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1989-10-10. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1989-10-10. Show Details
    • Initial UCC1 dated 1989-10-06, Secured Party: Limited New York Branch Fuji Bank Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1989-10-06. Show Details
    • A Miscellaneous legal document filed on 1989-10-04. Show Details
    • On 1989-10-04 a mortgage on this property was transferred from Saxonia Realty Crp to Fuji Bank. Show Details
    • A $22,000,000.00 mortgage was taken from Fuji Bank Ltd on 1989-10-04. Show Details
    • On 1989-10-04 a mortgage on this property was transferred from Banque Paribas to Limited Fuju Bank. Show Details
    • On 1989-10-04 a mortgage on this property was transferred from Banque Paribas to Limited Fuju Bank. Show Details
    • A mortgage agreement for $0.00 was filed on 1988-11-23 Show Details
    • A mortgage agreement for $0.00 was filed on 1988-11-21 Show Details
    • On 1987-10-21 a mortgage on this property was transferred from Saxonia Realty Corp.N.V to Banque Paribas. Show Details
    • A $4,000,000.00 mortgage was taken from Banque Paribas on 1987-10-21. Show Details
    • On 1987-06-15 a mortgage on this property was transferred from Saxonia Realty Corp to Banque Paribas. Show Details
    • A $4,000,000.00 mortgage was taken from Banque Paribas on 1987-06-15. Show Details
    • On 1987-02-02 a mortgage on this property was transferred from Saxonia Realty Corp to Banque Paribas. Show Details
    • A $4,000,000.00 mortgage was taken from Banque Paribas on 1987-02-02. Show Details
    • Uniform Commercial Code 3 (Ucc And Federal Liens) was filed on 1987-01-06. Show Details
    • Uniform Commercial Code 1 (Ucc And Federal Liens) was filed on 1986-05-19. Show Details
    • On 1986-05-19 a mortgage on this property was transferred from Saxonia Realty Corpn V to Banque Paribas. Show Details
    • A $1,613,368.39 mortgage was taken from Banque Paribas on 1986-05-19. Show Details
    • A $5,886,631.61 mortgage was taken from Banque Paribas on 1986-05-19. Show Details
    • A mortgage agreement for $0.00 was filed on 1986-03-27 Show Details
    • ... and 15 older documents.

    Lot

    Address
    588 5th Ave, 10036
    Square Footage
    5,496
    Lot Type
    Inside
    Dimensions
    55.17ft x 100.0ft
    BBL
    1012630038

    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
    $11,700,000
    MV Total
    $47,743,000
    AV Land
    $5,265,000
    AV Total
    $21,484,350

    Floor Area Ratio

    Built FAR
    16.94

    Residential
    Zoned FAR 10.0
    Max 54,960.0 sq. ft.
    Remaining -38,163.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 82,440.0 sq. ft.
    Remaining -10,683.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 82,440.0 sq. ft.
    Remaining -10,683.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1987
    Alterations
    N/A
    Floors
    18.0
    Residential Units
    0
    Total Units
    14
    Floor Area
    93123
    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