700 8th Ave #HOTEL
Midtown
New York, NY, 10036

Built in 1961 this 26,883 sq.ft. building is 100% Retail and contains 0 residential units and 1332 non-residential units.

This property is currently Off Market.

    Transit

    • 42nd St Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 1 Minute walk, 0.0 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 15 Minute walk, 0.8 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 5 Minute walk, 0.3 Miles
    • 42nd St Route BRoute DRoute FRoute MRoute 7 8 Minute walk, 0.4 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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    • Mortgage Agreement for $160,000,000.00 dated 2014-03-27 between Lp Rp/Hh Milford Plaza Ground Tenant & Lp Rp/Hh Milford Plaza Lessee and Nrfc Participator, LLC Show Details
    • Maps filed 2014-03-26 Show Details
    • Amended Condo Declaration (Other Documents) was filed on 2014-03-26. Parties: 700 Eighth Avenue Condominium Show Details
    • Amended Condo Declaration (Other Documents) was filed on 2013-11-04. Parties: 700 Eighth Avenue Condominium Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2013-09-25. Parties: Lp Rp/Hh Milford Plaza Ground Tenant & Lp Rp/Hh Milford Plaza Lessee, Northstar Mp Senior Loan, LLC, Nrfc Participator, LLC Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-09-25. Parties: Northstar Mp Senior Loan, LLC, Nrfc Participator, LLC Show Details
    • On 2013-09-03 a mortgage on this property was transferred from Northstar Mp Senior Loan, LLC to Nrfc Participator, LLC. Show Details
    • Initial UCC1 dated 2013-05-24, Debtor: Lp Rp/Hh Milford Plaza Ground Tenant & Lp Rp/Hh Milford Plaza Lessee, Secured Party: Northstar Mp Senior Loan, LLC, Assignee: Show Details
    • On 2013-04-30 a mortgage on this property was transferred from Morgan Stanley Mortgage Capital Holdings LLC to Wells Fargo Bank, National Association, As Trustee. Show Details
    • Mortgage Agreement for $0.00 dated 2013-04-30 between Northstar Mp Senior Loan, LLC and Lp Rp/Hh Milford Plaza Lessee Show Details
    • An Assignment of Leases and Rents was granted to Lp Rp/Hh Milford Plaza Ground Tenant & Lp Rp/Hh Milford Plaza Lessee by Northstar Mp Senior Loan, LLC or 2013-04-30 Show Details
    • Lp Rp/Hh Milford Plaza Ground Tenant & Lp Rp/Hh Milford Plaza Lessee took a mortgage for $160,000,000.00 from Northstar Mp Senior Loan, LLC on 2013-04-30. Show Details
    • Amended Condo Declaration (Other Documents) was filed on 2013-05-08. Parties: 700 Eighth Avenue Condominium Show Details
    • Milford Plaza Lp & Rp/Hh Milford Plaza Owner Gp, LLC sold this property to Rp/Hh Milford Plaza Ground Tenant Gp, LLC & Lp Mp Ground Tenant Mezz for $0.00 on 2013-04-26. Show Details
    • Milford Plaza Lessee Lp sold this property to Lp Mp/Ns Lessee for $0.00 on 2013-04-26. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2013-03-14. Parties: L.P. Gsremp Origination Joint Holding Show Details
    • 700 Milford Holdings LLC was granted Power of Attorney for Condominium Board on 2013-03-08 Show Details
    • Mortgage Agreement for $0.00 dated 2013-03-08 between Morgan Stanley Mortgage Capital Holdings LLC and Lp Rp/Hh Milford Plaza Ground Tenant & 700 Milford Holdings LLC Show Details
    • Mortgage And Consolidation (Mortgages & Instruments) was filed on 2013-03-14. Parties: 700 Milford Holdings LLC, Morgan Stanley Mortgage Capital Holdings LLC Show Details
    • Mortgage Agreement for $0.00 dated 2013-03-08 between Morgan Stanley Mortgage Capital Holdings LLC and Lp Rp/Hh Milford Plaza Ground Tenant Show Details
    • Mortgage Agreement for $0.00 dated 2013-03-08 between Morgan Stanley Mortgage Capital Holdings LLC and L.P. Rp/Hh Milford Plaza Owner Show Details
    • On 2013-03-08 a mortgage on this property was transferred from L.P. Gsremp Origination Joint Holding to Morgan Stanley Mortgage Capital Holdings LLC. Show Details
    • Assignment Of Lease (Other Documents) was filed on 2013-03-14. Parties: Lp Rp/Hh Milford Plaza Owner, 700 Milford Holdings LLC Show Details
    • Lp Rp/Hh Milford Plaza Owner sold this property to 700 Milford Holdings LLC for $325,000,000.00 on 2013-03-08. Show Details
    • Mortgage Agreement for $175,000,000.00 dated 2013-03-08 between Lp Rp/Hh Milford Plaza Owner and L.P. Gsremp Origination Joint Holding Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2013-03-14. Parties: Lp Rp/Hh Milford Plaza Owner, Lp Rp/Hh Milford Plaza Ground Tenant Show Details
    • Maps filed 2013-03-06 Show Details
    • Condo Declaration (Deeds And Other Conveyances) was filed on 2013-03-06. Parties: 700 Eighth Avenue Condominium Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Oct. 16, 2015 and the registration expires Sept. 1, 2016.

    • Corporate Owner: Rp/Hh Milford Plaza Owner Lp, 700 8Th Avenue, New York, NY 10036
    • Managing Agent: Maurizio Bonivento, 700 8Th Avenue, New York, NY 10036
    • Head Officer: Mr. Maurizio Bonivento, 700 8Th Avenue, New York, NY 10036
    • Officer: Eric Foley, 700 8Th Ave, New York, NY 10036
    • Site Manager: Maurizio Bonivento,

    Building Tips

    Lot

    Address
    700 8th Ave #HOTEL, 10036
    Square Footage
    19,982
    Lot Type
    Dimensions
    200.83ft x 99.5ft
    BBL
    1010167501
    Condo Number
    2375

    Neighborhood

    Historic District
    N/A
    Community District
    05
    City Council
    3
    Police Precinct
    14
    Fire Company
    L004
    School District
    2
    Census Tract
    119

    Zoning

    Zoning District
    C6-4
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $64,607,040
    MV Total
    $192,251,000
    AV Land
    $29,073,168
    AV Total
    $86,512,950

    Floor Area Ratio

    Built FAR
    1.35

    Residential
    Zoned FAR 10.0
    Max 199,820.0 sq. ft.
    Remaining 172,937.0 sq. ft.

    Commercial
    Zoned FAR 10.0
    Max 199,820.0 sq. ft.
    Remaining 172,937.0 sq. ft.

    Facility
    Zoned FAR 10.0
    Max 199,820.0 sq. ft.
    Remaining 172,937.0 sq. ft.

    Building

    Condo Number
    2375
    Category
    Condominiums
    Class
    Hotel/Board
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1961
    Alterations
    N/A
    Floors
    30.0
    Residential Units
    0
    Total Units
    1332
    Floor Area
    26883
    Basement
    Unknown
    Proximity
    Semi-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).

    Street View