623 5th Ave #B
Midtown
New York, NY, 10022

Built in 1923 this 1,042,944 sq.ft. building is 64% Retail, 36% Office Space and contains 0 residential units and 2 non-residential units.

This property is currently Off Market.

    Transit

    • 5th Av-53rd St Route ERoute M 4 Minute walk, 0.2 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute MRoute 7 6 Minute walk, 0.3 Miles
    • 50th St Route 1 8 Minute walk, 0.4 Miles
    • 49th St Route NRoute QRoute R 9 Minute walk, 0.4 Miles
    • 50th St Route CRoute E 11 Minute walk, 0.6 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 15 Minute walk, 0.8 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 16 Minute walk, 0.8 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 2017-02-23, Debtor: Fifth Avenue Building Company LLC, Secured Party: Principal Life Insurance Company & Allianz Life Insurance Company Of North America Ll, Assignee: Show Details
    • UCC3 Termination dated 2015-01-09, Debtor: Fifth Avenue Building Company LLC, Secured Party: As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee & Registered Holders Of Lb-Ubs Commercial Mortgage, Assignee: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2015-01-09. Parties: Fifth Avenue Building Company LLC, Commercial Mortgage Pass-Through Certificates & Registered Holders Of Lb-Ubs Commercial Mortgage & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee, Commercial Mortgage Pass-Through Certificates & As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee & Registered Holders Of Lb-Ubs Commercial Mortgage Show Details
    • Mortgage Agreement for $120,000,000.00 dated 2014-12-11 between Fifth Avenue Building Company LLC and Princpial Life Insurance Company & Allianz Life Insurance Company Of North America Show Details
    • Fifth Avenue Building Company LLC took a mortgage for $34,188,386.17 from Princpial Life Insurance Company & Allianz Life Insurance Company Of North America on 2014-12-11. Show Details
    • On 2014-12-11 a mortgage on this property was transferred from As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3 & Bank Of America, N.A., As Trustee to Princpial Life Insurance Company & Allianz Life Insurance Company Of North America. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-12-22. Parties: As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3 & Bank Of America, N.A., As Trustee Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2014-12-22. Parties: As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee & Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3, As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee & Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3 Show Details
    • On 2014-11-17 a mortgage on this property was transferred from Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3 & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee to As Trustee U.S. Bank National Association & As Trustee Lasalle Bank National Association & Bank Of America, N.A., As Trustee & Registered Holders Of Lb-Ubs Comm. Mtg. Tr.2006-C3. Show Details

    Lot

    Address
    623 5th Ave #B, 10022
    Square Footage
    59,629
    Lot Type
    Corner
    Dimensions
    200.83ft x 300.0ft
    BBL
    1012857501
    Condo Number
    910

    Neighborhood

    Neighborhood
    Midtown
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    L004
    School District
    2
    Census Tract
    102

    Zoning

    Zoning District
    C5-3
    Commercial Overlay
    N/A
    Split Zoning
    Yes
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    SAKS FIFTH AVENUE

    Assessment

    Tax Class
    4
    MV Land
    $66,617,647
    MV Total
    $157,403,000
    AV Land
    $29,977,941
    AV Total
    $70,831,350

    Floor Area Ratio

    Built FAR
    17.49

    Residential
    Zoned FAR 10.0
    Max 596,290.0 sq. ft.
    Remaining -446,654.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 894,435.0 sq. ft.
    Remaining -148,509.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 894,435.0 sq. ft.
    Remaining -148,509.0 sq. ft.

    Building

    Condo Number
    910
    Category
    Condominiums
    Class
    Office Space
    Land Use
    Commercial & Office Buildings
    Buildings
    2
    Year Built
    1923
    Alterations
    N/A
    Floors
    36.0
    Residential Units
    0
    Total Units
    2
    Floor Area
    1042944
    Basement
    Unknown
    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