701 7th Ave
Midtown
New York, NY, 10036

Built in 1909 this 40,000 sq.ft. building is 69% Office Space, 31% Retail and contains 0 residential units and 4 non-residential units.

This property is currently Off Market.

    Transit

    • 49th St Route NRoute QRoute R 0 Minute walk, 0.0 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 4 Minute walk, 0.2 Miles
    • 50th St Route 1 3 Minute walk, 0.1 Miles
    • Grand Central Route GSRoute 4Route 5Route 6Route 7 14 Minute walk, 0.7 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 6 Minute walk, 0.3 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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    • Initial UCC1 dated 2014-08-28, Debtor: 701 Seventh Property Owner LLC, Secured Party: L.L.C. Starwood Property Mortgage, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 701 Seventh Property Owner LLC by L.L.C. Starwood Property Mortgage or 2014-08-15 Show Details
    • 701 Seventh Property Owner LLC took a mortgage for $27,500,000.00 from L.L.C. Starwood Property Mortgage on 2014-08-15. Show Details
    • Initial UCC1 dated 2014-08-28, Debtor: 701 Seventh Property Owner LLC, Secured Party: L.L.C. Starwood Property Mortgage, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 701 Seventh Property Owner LLC by L.L.C. Starwood Property Mortgage or 2014-08-15 Show Details
    • 701 Seventh Property Owner LLC took a mortgage for $50,000,000.00 from L.L.C. Starwood Property Mortgage on 2014-08-15. Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2014-04-09. Parties: Schoenfeld Theatre LLC, 701 Seventh Property Owner LLC Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2014-04-09. Parties: Shubert And Booth Theatre, LLC, 701 Seventh Property Owner LLC Show Details
    • UCC3 Termination dated 2014-03-04, Debtor: 701 Seventh Property Owner LLC, Secured Party: Berkadia Proprietary LLC, Assignee: Show Details
    • UCC3 Termination dated 2014-01-28, Debtor: 701 Seventh Property Owner LLC, Secured Party: Berkadia Proprietary LLC, Assignee: Show Details
    • Initial UCC1 dated 2014-01-27, Debtor: 701 Seventh Property Owner LLC, Secured Party: L.L.C. Starwood Property Mortgage, Assignee: Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2014-01-27. Parties: L.L.C. Starwood Property Mortgage & Inc. Marriott Hotel Services, 701 Seventh Property Owner LLC Show Details
    • Sundry Miscellaneous (Other Documents) was filed on 2014-01-27. Parties: 701 Seventh Property Owner LLC, Inc. Marriott Hotel Services Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2014-01-27. Parties: Berkadia Proprietary LLC, 701 Seventh Property Owner LLC Show Details
    • An Assignment of Leases and Rents was granted to 701 Seventh Property Owner LLC by L.L.C. Starwood Property Mortgage or 2014-01-14 Show Details
    • Mortgage Agreement for $237,500,000.00 dated 2014-01-14 between 701 Seventh Property Owner LLC and L.L.C. Starwood Property Mortgage Show Details
    • On 2014-01-14 a mortgage on this property was transferred from Berkadia Proprietary LLC to L.L.C. Starwood Property Mortgage. Show Details
    • R&J Restaurant Corp. sold this property to 701 Seventh Property Owner LLC for $6,750,000.00 on 2013-03-25. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2013-04-23. Parties: 701 Seventh Property Owner LLC, L.P. Spt-Ix 701 Lender, Berkadia Proprietary LLC Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-04-17. Parties: L.P. Spt-Ix 701 Loan Holdings, Berkadia Proprietary LLC Show Details
    • On 2013-03-27 a mortgage on this property was transferred from L.P. Spt-Ix 701 Loan Holdings to Berkadia Proprietary LLC. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2013-03-11. Parties: L.P. Spt-Ix 701 Loan Holdings, L.P. Spt-Ix 701 Lender, L.P. Spt-Ix 701 Loan Holdings Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2013-03-05. Parties: L.P. Spt-Ix 701 Lender, L.P. Spt-Ix 701 Loan Holdings Show Details
    • On 2013-02-08 a mortgage on this property was transferred from L.P. Spt-Ix 701 Lender to L.P. Spt-Ix 701 Loan Holdings. Show Details
    • Zoning Lot Description (Other Documents) was filed on 2012-11-01. Parties: 701 Seventh Property Owner LLC Show Details
    • Certificate (Other Documents) was filed on 2012-11-01. Parties: Fidelity National Title Insurance Company Show Details
    • Jfk Gifts, LLC sold this property to 701 Seventh Property Owner LLC for $48,218,437.50 on 2012-10-17. Show Details
    • Inc. City Outdoor sold this property to 701 Seventh Property Owner LLC for $6,001,206.25 on 2012-10-16. Show Details
    • Initial UCC1 dated 2012-11-01, Debtor: 701 Seventh Property Owner LLC, Secured Party: L.P. Spt-Ix 701 Lender, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 701 Seventh Property Owner LLC by L.P. Spt-Ix 701 Lender or 2012-10-16 Show Details
    • Mortgage Agreement for $237,500,000.00 dated 2012-10-16 between 701 Seventh Property Owner LLC and L.P. Spt-Ix 701 Lender Show Details
    • 701 Seventh Property Owner LLC took a mortgage for $231,284,217.20 from L.P. Spt-Ix 701 Lender on 2012-10-16. Show Details
    • On 2012-10-15 a mortgage on this property was transferred from Safra National Bank Of New York to L.P. Spt-Ix 701 Lender. Show Details
    • Termination Of Lease Or Memo (Other Documents) was filed on 2012-11-01. Parties: City Outdoor Partners, LLC, 701 Seventh Property Owner LLC Show Details
    • Vimar Realty Corp. sold this property to 701 Seventh Property Owner LLC for $250,000,000.00 on 2012-10-16. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-11-01. Parties: Safra National Bank Of New York Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2010-08-02. Parties: Vimar Realty Corp, City Outdoor Partners, LLC Show Details
    • Initial UCC1 dated 2007-08-13, Debtor: Vimar Realty Corp, Secured Party: Safra National Bank Of New York, Assignee: Show Details
    • UCC3 Termination dated 2007-08-13, Debtor: Vimar Realty Corp, Secured Party: N.A. As Trustee Lasalle Bank, Assignee: Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2007-06-29. Parties: Safra National Bank Of New York, Vimar Realty Corp Show Details
    • An Assignment of Leases and Rents was granted to Vimar Realty Corp by Safra National Bank Of New York or 2007-06-01 Show Details
    • Mortgage Agreement for $800,000.00 dated 2007-06-01 between Vimar Realty Corp and Safra National Bank Of New York Show Details
    • Vimar Realty Corp took a mortgage for $3,160,488.89 from Safra National Bank Of New York on 2007-06-01. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2007-06-29. Parties: Capmark Finance Inc. & Lasalle Bank, NA & Gmac Commerical Mortgage Corporation & Registered Holder Of Citigroup Commerical Mortgage, Vimar Realty Corp Show Details
    • On 2007-05-24 a mortgage on this property was transferred from Capmark Finance Inc. & Lasalle Bank, NA & Gmac Commerical Mortgage Corporation & Registered Holder Of Citigroup Commerical Mortgage to Safra National Bank Of New York. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-03-10. Parties: Emigrant Savings Bank, Lasalle Bank, N.A., As Trustee Show Details
    • On 2004-04-15 a mortgage on this property was transferred from Emigrant Savings Bank to Lasalle Bank, N.A., As Trustee. Show Details
    • Partial Release Of Mortgage (Mortgages & Instruments) was filed on 2006-02-03. Parties: Lasalle Bank Na Assoc. Trustee Regist.Hol., 1552 Lonsdale LLC & Algm Leasehold Ii LLC & Algm Leasehold Ix LLC & Algm Leasehold Viii LLC & Algm Leasehold Xii LLC & 729 Demi-Tasse LLC & Algm Leasehold Vi LLC & Algm Leasehold Iii LLC & Algm Leasehold X LLC Show Details
    • UCC3 Termination dated 2006-01-26, Debtor: Algm Leasehold Vi LLC, Secured Party: Lasalle Bank Na. Assoc. Trustee Regis. Hol., Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-12-16. Parties: Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2005-11-15. Parties: Vimar Realt Corp., Emigrant Savings Bank, Lasalle Bank Na As Trustee For The Registered Show Details
    • Mortgage Agreement for $43,000,000.00 dated 2005-06-30 between and Show Details
    • Algm I Equity, LLC & Northstar Capital Investment Corp & Lp Northstar Partnership & Nrfc Sub-Reit Corp & Lp Northstar Realty Finance sold this property to Lp Northstar Realty Finance & Nrfc Nnn Holdings, LLC & Nrfc Sub-Reit Corp for $74,119,171.00 on 2004-10-29. Show Details
    • On 2004-08-03 a mortgage on this property was transferred from Greenwich Capital Financial Products, INC to As Trustee For The Registered Hol Lasalle Bank Na. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2004-09-01. Parties: Greenwich Capital Financial Products, INC, As Trustee For The Registered Hol Lasalle Bank Na Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2004-05-11. Parties: Algm Leasehold Vi LLC, Greenwich Capital Financial Products, INC, Lasalle Bank N.A. As Trustee For The Registered Ho Show Details
    • An Assignment of Leases and Rents was granted to Emigrant Savings Bank by Vimar Realty Corp. or 2003-01-28 Show Details
    • Mortgage Agreement for $0.00 dated 2003-01-28 between Vimar Realty Corp. and Emigrant Savings Bank Show Details
    • took a mortgage for $4,326,819.32 from on 2003-01-28. Show Details
    • On 2003-01-28 a mortgage on this property was transferred from Emigrant Funding Corporation to Emigrant Savings Bank. Show Details
    • Cancellation of Assignment of Leases and Rents was filed on 2003-03-24 Show Details
    • UCC3 Termination dated 2003-03-07, Debtor: Vimar Realty Corp., Secured Party: Emigrant Funding Corp., Assignee: Show Details
    • Initial UCC1 dated 2003-03-06, Debtor: Vimar Realty Corp., Secured Party: Emigrant Savings Bank, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Algm Leasehold Vi LLC by Inc. Greenwich Capital Financial Products or 2002-12-04 Show Details
    • Mortgage Agreement for $0.00 dated 2002-12-04 between 1552 Lonsdale LLC & Algm Leasehold Ii LLC & Algm Leasehold Ix LLC & Algm Leasehold Viii LLC & Algm Leasehold Xii LLC & 729 Demi-Tasse LLC & Algm Leasehold Vi LLC & Algm Leasehold Iii LLC & Algm Leasehold X LLC and Inc. Greenwich Capital Financial Products Show Details
    • 1552 Lonsdale LLC & Algm Leasehold Ii LLC & Algm Leasehold Ix LLC & Algm Leasehold Viii LLC & Algm Leasehold Xii LLC & 729 Demi-Tasse LLC & Algm Leasehold Vi LLC & Algm Leasehold Iii LLC & Algm Leasehold X LLC took a mortgage for $12,728,557.22 from Inc. Greenwich Capital Financial Products on 2002-12-04. Show Details
    • Cancellation of Assignment of Leases and Rents was filed on 2003-02-25 Show Details
    • Cancellation of Assignment of Leases and Rents was filed on 2003-02-25 Show Details
    • Initial UCC1 dated 2003-01-31, Debtor: Algm Leasehold Vi LLC, Secured Party: Inc. Greenwich Capital Financial Products, Assignee: Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Rockefeller Group, INC to Rockefeller Group International Inc.. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Rockefeller Group International Inc. to Emigrant Funding Corporation. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Rock-Forty-Ninth Inc. to Inc. Rockefeller Group. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Inc. Rockefeller Group to Rockefeller Group International Inc.. Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between Vimar Realty Corp. and Emigrant Funding Corp Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Rockefeller Group International Inc. to Emigrant Funding Corporation. Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between Vimar Realty Corp. and Emigrant Funding Corp Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between Inc. Rockefeller Group International and Vimar Realty Corp. & 157 West 49Th St. Realty Corp. Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between Inc. Rockefeller Group International and Vimar Realty Corp. & 157 West 49Th St. Realty Corp. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Vimar Realty Corp to Emigrant Funding Corporation. Show Details
    • Mortgage Agreement for $0.00 dated 2002-10-10 between Vimar Realty Corp. and Emigrant Funding Corp Show Details
    • 157 West 47Th St Realty Corp Satisfied their Mortgage with Inc. Rockefeller Group on 2002-10-10. Show Details
    • On 2002-10-10 a mortgage on this property was transferred from Rock-Forty-Ninth Inc. to Rockefeller Group Inc.. Show Details
    • Initial UCC1 dated 2002-08-21, Debtor: Vimar Relaty Corp., Secured Party: Emigrant Funding Corp., Assignee: Show Details
    • UCC3 Termination dated 2001-05-08, Debtor: 701 Operating Inc, Secured Party: Bank Of Tokyo-Mitsubishi Trust Company & Bank Of Tokyo Trustcompany, Assignee: Show Details
    • Inc. Intervine leased this property from Vimar Realty Corp. & 157 West 49Th St. Realty Corp. on 2000-04-19 Show Details
    • On 2000-03-03 a mortgage on this property was transferred from Algm Leasehold Viiillc & Algm Leasehold Ii LLC & Algm Leasehold Ix LLC & Algm Leasehold Iv LLC & Algm Leasehold Xii LLC & Algm Leasehold Vii LLC & Algm Leasehold Xi LLC & Algm Leasehold Vi LLC & Algm Leasehold X LLC to Salomon Brothers Realty Corp.. Show Details
    • On 2000-03-03 a mortgage on this property was transferred from Algm Leasehold Vi LLC to Salomon Brothers Realty Corp.. Show Details
    • Release dated 2000-03-03 between Algm I LLC and Algm Leasehold Vi LLC Show Details
    • Algm Leasehold Vi LLC leased this property from 701 Operating Inc. on 1999-03-31 Show Details
    • On 2000-03-03 a mortgage on this property was transferred from Inc. Natrest Funding I to Algm I LLC. Show Details
    • On 1999-05-20 a mortgage on this property was transferred from Algm I LLC to Natrest Funding Inc.. Show Details
    • Release dated 1999-05-20 between 701 Operating Inc. and Inc. Natrest Funding I Show Details
    • On 1999-04-28 a mortgage on this property was transferred from Algm I LLC to Inc. Natrest Funding I. Show Details
    • On 1998-09-17 a mortgage on this property was transferred from Bank Of Tokyo-Mitsubishi Trust Company to Algm I LLC. Show Details
    • Initial UCC1 dated 1997-01-10, Debtor: 701 Operating Inc, Secured Party: Bank Of Tokyo-Mitsubishi Trust Company & Bank Of Tokyo Trustcompany, Assignee: Show Details
    • Initial UCC1 dated 1996-08-15, Debtor: 701 7Th Avenue , INC, Secured Party: Asagent Bank Of New York, Assignee: Show Details
    • 701 Seventh Avenue Sign Corp. leased this property from Vimar Realty Corp. & 157 West 49Th St. Realty Corp. on 1995-07-20 Show Details
    • 569 Operating Inc. & 701 Operating Inc took a mortgage for $670,000.00 from Bank/Tokyo Trust Co on 1993-07-23. Show Details
    • 701 Operating Inc & 569 Operating Inc took a mortgage for $3,350,000.00 from Bank/Tokyo Trust Co on 1993-07-23. Show Details
    • A Miscellaneous legal document filed on 1987-01-21. Parties: Rock-Forty-Ninth Inc Show Details
    • ... and 23 older documents.

    Lot

    Address
    701 7th Ave, 10036
    Square Footage
    16,066
    Lot Type
    Corner
    Dimensions
    160.0ft x 100.42ft
    BBL
    1010000001

    Neighborhood

    Neighborhood
    NeighborhoodContent object
    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    L004
    School District
    2
    Census Tract
    125

    Zoning

    Zoning District
    C6-7T
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $24,099,000
    MV Total
    $25,643,000
    AV Land
    $10,844,550
    AV Total
    $11,539,350

    Floor Area Ratio

    Built FAR
    2.49

    Residential
    Zoned FAR 10.0
    Max 160,660.0 sq. ft.
    Remaining 120,660.0 sq. ft.

    Commercial
    Zoned FAR 14.0
    Max 224,924.0 sq. ft.
    Remaining 184,924.0 sq. ft.

    Facility
    Zoned FAR 14.0
    Max 224,924.0 sq. ft.
    Remaining 184,924.0 sq. ft.

    Building

    Category
    Office Buildings
    Class
    Bank Building - Designed Exclusively For Banking
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1909
    Alterations
    N/A
    Floors
    10.0
    Residential Units
    0
    Total Units
    4
    Floor Area
    40000
    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