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551-553 Madison Avenue, New York, NY 10022

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551-553 Madison Avenue, New York, NY 10022

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Property Overview

Primary address 551-553 Madison Ave
Alternate address(es) 45 E 55 St
Zip code 10022
Borough Manhattan
Block & lot 01291-0021
Lot dimensions
Lot sq. ft. 7,541 ?
Buildings on lot 1
Building class Bank Building - Designed Exclusively for Banking (O6)
Year built 1922
Building Sq. Ft.
Zoning

Ownership Information

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Owner Name  
Owner Address  
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Building Management  
Representatives (from permits)  
Tenants  
Registered Voters  
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Other Critical Property Data

Neighborhood Central Midtown
School district number 2
Commercial units 1
Max Floor Area Ratio
Closest police station 0.28 Miles -
Closest fire station 0.54 Miles -
Certificate of occupancy

Sales & Property History

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Purchase date 12/27/2012
Purchase price

Permits

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Pre filing date Job type Job description
09/30/2016
08/25/2016
04/27/2016
02/25/2016
02/25/2016
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Property Taxes

Access detailed property tax data for 551-553 Madison Ave. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year 2015/2016
Tax assessor's market value $61,031,000
Current tax bill $2,127,966

Assessment History

Year Use code Market value Assessed value Taxable Tax rate% Base tax Property tax
2016/17 O6 $61,031,000 $27,463,950 $19,969,657 10.574% $2,662,983 $2,111,591
2015/16 O6 $56,943,000 $25,624,350 $17,855,017 10.656% $2,597,215 $1,902,630
2014/15 O3 $56,334,000 $25,350,300 $17,755,444 10.684% $2,593,401 $1,896,991
2013/14 O3 $53,497,000 $24,073,650 $17,555,400 10.323% $2,485,122 $1,812,243
2012/13 O3 $51,218,000 $23,048,100 $16,529,850 10.288% $2,371,188 $1,700,590
2011/12 O3 $54,735,000 $24,630,750 $17,512,346 10.152% $2,439,586 $1,777,853
2010/11 O3 $49,100,000 $22,095,000 $17,608,144 10.312% $2,249,629 $1,815,751
2009/10 O3 $47,400,000 $21,330,000 $19,650,977 10.426% $2,048,810 $2,048,810
2008/09 O3 $36,100,000 $16,245,000 $16,245,000 10.241% $1,663,650 $1,663,650
2007/08 O3 $40,000,000 $18,000,000 $15,975,000 10.059% $1,606,925 $1,606,925
2006/07 O3 $41,800,000 $18,810,000 $14,285,700 10.997% $1,570,998 $1,570,998
2005/06 O3 $36,000,000 $16,200,000 $12,143,700 11.306% $1,372,966 $1,372,966
2004/05 O3 $31,800,000 $14,310,000 $10,343,700 11.558% $1,195,524 $1,195,524
2003/04 O3 $27,900,000 $12,555,000 $8,847,700 11.431% $1,011,380 $1,011,380

Title Documents

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Document Date Type Amount Party1 name Party2 name Link To Doc
n/a
n/a
5/28/2013
4/17/2013
12/27/2012
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For Sale

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53 West 53rd Street, Manhattan, NY

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$5,475,000 1 Beds 1.5 Baths 1,817 Sqft


For Rent

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$7,080 3 Beds 2 Baths
635 West 42nd Street, Manhattan, NY

635 West 42nd Street, Manhattan, NY

$7,000 2 Beds 2 Baths 1,200 Sqft


Map

Neighbors

Here are the neighbors for 551-553 Madison Ave.

Address Property class Square feet Purchase date Purchase price
36 E 56 St, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 147,000 n/a
57-59 E 55 St, New York, NY Miscellaneous Indoor Public Assembly(P9) 14,541 n/a
25-35 Sutton Pl S, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 537,750 6/28/2004
65-75 E 55 St, New York, NY Office Building - Tower Type(O4) 528,562 7/31/2014
113 E 55 St, New York, NY Office Building - 10+ Stories (Side Street Type)(O2) 4,421 6/27/2016
115 E 55 St, New York, NY Office Building - 10+ Stories (Side Street Type)(O2) 5,408 6/27/2016
117 E 55 St, New York, NY Office Building with Residential Apartments(O8) 7,070 6/27/2016
119 E 55 St, New York, NY Office Building with Residential Apartments(O8) 4,930 6/27/2016
121-125 E 55 St, New York, NY Community Center(P5) 46,204 6/7/2016
127 E 55 St, New York, NY Hotel - Transient Occupancy-Midtown Manhattan Area(H3) 140,559 6/5/2002
136 E 56 St, New York, NY Elevator Apartments Cooperatives Building (Other than Condominiums)(XD4) 197,972 4/30/1982
141 E 55 St, New York, NY Special Condominium Billing Lot(R0) 63,582 n/a
155 E 55 St, New York, NY Bank Building - Designed Exclusively for Banking(O6) 137,136 3/29/2012
157 E 55 St, New York, NY Store with Apartments Above(K4) 3,840 12/8/2015
159 E 55 St, New York, NY Walk-up Apartment - Over Six Families with Stores(C7) 5,040 5/9/2002

Demographics By Zip Code


Profile of Zip Code
Total population 29,699
Female population 16632 (56.0%)
Male population 13067 (44.0%)
Households 23172 (occupied 75.7%)
Home owners 8403 (47.9%)
Renters 9149 (52.1%)
Average number of people per household 1.66

Age Distribution
7.32
7.08
34.05
24.06
27.48
Under 15 15 to 24 25 to 44 45 to 64 65 and older

Alternate Addresses

There are a variety of reasons for which a parcel can have more than one address. The most common reasons are:

A building on the property has frontage on more than one street. Usually a parcel will be allocated addresses for every street on which it has frontage, even if it does not have a building on that street. The lot has frontage on a street that is wider than the standard frontage for a lot in that area. In this case the lot usually gets a range of addresses on that street. For example, instead of being 18 Main Street, the parcel may be allocated 18 - 20 Main Street. The wider the frontage, the wider the range. We have seen cases of a parcel having a range of more than 50 numbers (ie 18 - 76 Main Street). The lot has several freestanding buildings. Sometimes each building will get its own address, and other times the buildings are numbered ("18 Main Street, Building #1"). The lot has a "row house" style development in which each unit has a separate entrance. Whether the building is an apartment building, a condominium, or a coop, it will often get a separate address for each entrance. The building has more than one retail store at ground level. Often each store gets a separate address.


  • 551 madison Ave, New York, NY

  • 553 madison Ave, New York, NY

  • 45 E 55 St, New York, NY
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