870 7th Ave #HOT25
Midtown
New York, NY, 10019

Built in 1925 this 174,539 sq.ft. building is 94% Retail, 6% Other and contains 0 residential units and 290 non-residential units.

This property is currently Off Market.

    Transit

    • 57th St Route NRoute QRoute R 1 Minute walk, 0.0 Miles
    • 7th Av Route BRoute DRoute E 3 Minute walk, 0.1 Miles
    • 57th St Route F 4 Minute walk, 0.2 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute M 7 Minute walk, 0.4 Miles
    • 47-50th Sts Rockefeller Center Route BRoute DRoute FRoute MRoute 7 10 Minute walk, 0.5 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute GSRoute 1Route 2Route 3Route 7 13 Minute walk, 0.7 Miles
    • Times Square Route ARoute CRoute ERoute NRoute QRoute RRoute SRoute 1Route 2Route 3Route 7 14 Minute walk, 0.7 Miles
    • Lexington Av-53rd St Route ERoute MRoute 6 15 Minute walk, 0.8 Miles
    • 59th St Route NRoute QRoute RRoute 4Route 5Route 6 16 Minute walk, 0.8 Miles

    Schools

    • Elementary School

      • P.S. 111 Adolph S. Ochs
        • Grades: PK,0K,01,02,03,04,05,08,SE
        • Principal: Edward Gilligan
        • Phone: 212-582-7420
        • Address: 440 West 53 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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    • Termination Of Lease Or Memo (Other Documents) was filed on 2012-02-15. Parties: Pc Festivus, LLC, Pch Operating Lessee LLC Show Details
    • UCC3 Termination dated 2012-02-10, Debtor: Pch Tic Owner LLC, Secured Party: As Trustee Us Bank National Association, Assignee: Show Details
    • UCC3 Termination dated 2012-02-10, Debtor: Pch Operating Lessee LLC, Secured Party: As Trustee Us Bank National Association, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to Park Central Hotel (De) LLC & Pch Tic Owner LLC & Pch Operating Lessee LLC by U.S. Bank National Association & Csfb Commercial Mortgage Pass Through Certicates & N.A. Wells Fargo Bank or 2011-12-08 Show Details
    • An Assignment of Leases and Rents was granted to Park Central Hotel (De) LLC & Pch Tic Owner LLC & Pch Operating Lessee LLC by U.S. Bank National Association & Csfb Commercial Mortgage Pass Through Certicates & N.A. Wells Fargo Bank or 2011-12-08 Show Details
    • Mortgage Agreement for $407,000,000.00 dated 2011-12-08 between Park Central Hotel (De) LLC & Pch Tic Owner LLC & Pch Operating Lessee LLC and U.S. Bank National Association & Csfb Commercial Mortgage Pass Through Certicates & N.A. Wells Fargo Bank Show Details
    • Memorandum Of Lease (Deeds And Other Conveyances) was filed on 2012-01-31. Parties: Park Central Hotel (De) LLC & Pch Tic Owner LLC, Pch Operating Lessee LLC Show Details
    • Pc Festivus LLC took a mortgage for $265,000,000.00 from Citibank N.A. on 2011-12-29. Show Details
    • On 2011-12-29 a mortgage on this property was transferred from As Trustee U.S. Bank National Association to Citibank N.A.. Show Details
    • Pch Tic Owner LLC sold this property to Pc Festivus, LLC for $53,949,470.00 on 2011-12-29. Show Details
    • Park Central Hotel (De) LLC sold this property to Pc Festivus, LLC for $51,858,700.00 on 2011-12-29. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-01-27. Parties: U.S. Bank National Association, Park Central Hotel (De) LLC Show Details
    • UCC3 Termination dated 2012-01-27, Debtor: Park Central Hotel (De) LLC, Secured Party: U.S. Bank National Association, Assignee: Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2012-01-27. Parties: U.S. Bank National Association Show Details
    • Initial UCC1 dated 2012-01-12, Debtor: Pch Tic Owner, LLC, Secured Party: Credit Suisse First Boston Commercial Mortgage & U.S. Bank National Association, Assignee: Show Details
    • Initial UCC1 dated 2012-01-12, Debtor: Pch Operating Lessee LLC, Secured Party: Credit Suisse First Boston Commercial Mortgage & U.S. Bank National Association, Assignee: Show Details
    • Park Central Hotel (De) LLC sold this property to Pch Tic Owner LLC for $0.00 on 2011-12-08. Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-08-12. Parties: Park Central Hotel (De) LLC, N.A. As Successor Trustee U. S. Bank Show Details
    • On 2009-12-23 a mortgage on this property was transferred from Wells Fargo Bank, N.A., As Predecessor Trustee to N.A. As Successor Trustee U.S. Bank. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2010-01-13. Parties: Wells Fargo Bank, N.A., As Predecessor Trustee, N.A. As Successor Trustee U.S. Bank Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2009-12-29. Parties: Park Central Hotel (De) LLC, N.A. As Predecessor Trustee Wells Fargo Bank, N.A. As Successor Trustee U. S. Bank Show Details
    • On 2006-11-09 a mortgage on this property was transferred from Column Financial to Wells Fargo Trust, NA. Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2008-04-02. Parties: Park Central Hotel (De) LLC, Column Financial, Wells Fargo Bank As Trustee Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2008-03-12. Parties: Column Financial Inc., Wells Fargo Bank Show Details
    • Amended Condo Declaration (Other Documents) was filed on 2007-03-01. Parties: The Park Central Condominium Show Details
    • An Assignment of Leases and Rents was granted to Inc. Column Financial by Park Central Hotel (De) LLC or 2006-11-09 Show Details
    • Mortgage Agreement for $407,000,000.00 dated 2006-11-09 between Park Central Hotel (De) LLC and Inc. Column Financial Show Details
    • took a mortgage for $127,000,000.00 from on 2006-11-09. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2006-12-01. Parties: Wells Fargo Bank, N.A., As Trustee, Park Central Hotel (De) LLC Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-12-01. Parties: Inc. Column Financial, Wells Fargo Bank, N.A., As Trustee Show Details
    • On 2006-11-09 a mortgage on this property was transferred from Wells Fargo Bank, N.A., As Trustee to Inc. Column Financial. Show Details
    • On 2006-05-10 a mortgage on this property was transferred from Inc. Column Financial to Wells Fargo Bank, N.A., As Trustee. Show Details
    • Initial UCC1 dated 2006-11-29, Debtor: Park Central Hotel (De) LLC, Secured Party: Inc. Column Financial, Assignee: Show Details
    • UCC3 Termination dated 2006-11-22, Debtor: Park Central Hotel (De) LLC, Secured Party: Inc. Column Financial, Assignee: Show Details
    • UCC3 Termination dated 2006-11-22, Debtor: Park Central Hotel (De) LLC, Secured Party: Wells Fargo Bank, N.A., As Trustee, Assignee: Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-05-03. Parties: Inc. Column Financial, Wells Fargo Bank, N.A., As Trustee Show Details
    • Ucc3 Assignment (Ucc And Federal Liens) was filed on 2006-05-01. Parties: Park Central Hotel (De) LLC, Inc. Column Financial, Wells Fargo Bank N.A. As Trustee Show Details
    • Initial UCC1 dated 2006-02-02, Debtor: Park Central Hotel (De) LLC, Secured Party: Inc. Column Financial, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to by or 2006-01-05 Show Details
    • Mortgage Agreement for $280,000,000.00 dated 2006-01-05 between Park Central Hotel (De) LLC and Inc. Column Financial Show Details
    • Park Central Hotel (De) LLC took a mortgage for $110,000,000.00 from Inc. Column Financial on 2006-01-05. Show Details
    • On 2006-01-05 a mortgage on this property was transferred from N.A. As Trustee Wells Fargo Bank & Wachovia Bank, National Association, to Inc. Column Financial. Show Details
    • Asgn Of Asgn Of L&R (Mortgages & Instruments) was filed on 2006-02-02. Parties: Inc. Column Financial, N.A. As Trustee Wells Fargo Bank Show Details
    • On 2005-04-07 a mortgage on this property was transferred from Inc. Column Financial to N.A. As Trustee Wells Fargo Bank. Show Details
    • An Assignment of Leases and Rents was granted to Column Financial Inc by Park Central Hotel (De)Llc or 2004-12-06 Show Details
    • Mortgage Agreement for $170,000,000.00 dated 2004-12-06 between and Show Details
    • Park Central Hotel (De)Llc took a mortgage for $15,000,000.00 from Column Financial Inc on 2004-12-06. Show Details
    • On 2004-12-06 a mortgage on this property was transferred from Lehman Brothers Holdings Inc to Column Financial Inc. Show Details
    • H. Park Central L.L.C. sold this property to Park Central Hotel (De) LLC for $0.00 on 2004-12-06. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2005-06-10. Parties: Lehman Brothers Holdings Inc Show Details
    • Initial UCC1 dated 2005-06-10, Debtor: Park Central Hotel (De) LLC, Secured Party: Column Financial Inc, Assignee: Show Details
    • UCC3 Termination dated 2005-06-10, Debtor: H. Park Central L.L.C., Secured Party: Lehman Brothers Holdings Inc, Assignee: Show Details
    • Certificate (Other Documents) was filed on 2005-03-02. Parties: Nyc Department Of Finance Show Details
    • Amended Condo Declaration (Other Documents) was filed on 2003-11-20. Parties: The Park Central Condominium Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2003-01-10. Parties: H. Park Central L.L.C., Lehman Brothers Holdings Inc. Show Details
    • Maps filed 2002-06-12 Show Details
    • Declaration (Other Documents) was filed on 2001-12-13. Parties: Park Central Condominium Show Details
    • Maps filed 2001-10-10 Show Details
    • Maps filed 1998-02-26 Show Details
    • Initial Coop UCC1 dated 1998-01-29, Debtor: H. Park Central L.L.C., Secured Party: Lehman Brothers Holdings Inc, Assignee: Show Details

    HPD Registration

    This building was last registered at the Department of Housing Preservation and Development on Oct. 6, 2015 and the registration expires Sept. 1, 2016.

    • Corporate Owner: Pc Festivus Lessee Llc, 3 Bethesda Metro Center #1200, Bethesda, None 20814
    • Managing Agent: Highgate Management, Donald Fraser, 870 7Th Ave, New York, NY 10019
    • Head Officer: Larry Kaminsky, 3 Bethesda Metro Center #1200, Bethesda, None 20814
    • Officer: Ian Guam, 3 Bethesda Metro Center #1200, Bethesda, None 20814
    • Site Manager: Michael Akakpo,
    • Lessee: Donald Fraser, 561 10Th Ave #31B, Ny, NY 10036

    Building Tips

    Lot

    Address
    870 7th Ave #HOT25, 10019
    Square Footage
    35,145
    Lot Type
    Dimensions
    200.83ft x 175.0ft
    BBL
    1010277501
    Condo Number
    958

    Neighborhood

    Historic District
    N/A
    Community District
    05
    City Council
    4
    Police Precinct
    18
    Fire Company
    E023
    School District
    2
    Census Tract
    137

    Zoning

    Zoning District
    C6-6
    Commercial Overlay
    N/A
    Special Purpose
    M
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $38,106,090
    MV Total
    $155,512,057
    AV Land
    $17,147,741
    AV Total
    $69,980,426

    Floor Area Ratio

    Built FAR
    4.97

    Residential
    Zoned FAR 10.0
    Max 351,450.0 sq. ft.
    Remaining 176,911.0 sq. ft.

    Commercial
    Zoned FAR 15.0
    Max 527,175.0 sq. ft.
    Remaining 352,636.0 sq. ft.

    Facility
    Zoned FAR 15.0
    Max 527,175.0 sq. ft.
    Remaining 352,636.0 sq. ft.

    Building

    Condo Number
    958
    Category
    Condominiums
    Class
    Hotel/Board
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1925
    Alterations
    N/A
    Floors
    30.0
    Residential Units
    0
    Total Units
    290
    Floor Area
    174539
    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