New York City  »  10022  »  Lexington Ave  »  560 Lexington Ave

Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 - Property report

Also known as: 111-121 E 50th St

Property image for Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022
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Property type

Office Only with or without Commercial - 20 Stories or More (O4)

Year built

1980

Lot sq. ft.

17,350

General information

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Address
Building name
Cathedral Branch Library
Primary address
Cathedral Branch Library - 560 Lexington Avenue
Alternate address(es)
111-121 E 50th St
558-564 Lexington Ave
ZIP code
10022
Neighborhood
Central Midtown
Borough
Manhattan
Block & lot
01305-0013

Owner

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Building
Property type
Office Only with or without Commercial - 20 Stories or More (O4)
Building sq. ft.
345,743
Building dimensions
88 ft x 188 ft
Buildings on lot
1
Stories
22
Year built
1980
Last altered
2014
Building material
Sales
Sale date
03/19/2008
Sale price
$213,905
Tax
Tax year
2026-2027
Property tax
$5,642,964
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
0
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
89 ft x 180 ft
Lot sq. ft.
17,350

Area overview

Walk score
99 /100.  Walker's Paradise
Transit score
100 /100.  Rider's Paradise
Bike score
84 /100.  Very Bikeable
School district
2
Community district
5
Closest police station
0.06 Miles
Closest fire station
0.48 Miles

View more such as transportation, nearby schools and risk designations.

Ownership information for Cathedral Branch Library - 560 Lexington Avenue, New York, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address

Sales history for Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022

No recently recorded sales for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
11/30/2022 - R Initial UCC1
(2022112900705007)
XXX XXXXX X X XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
11/30/2022 - R UCC3 Termination
(2022112900705001)
XXX XXXXX X X XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
11/30/2022 - R
11/22/2022 - D
Assignment of Leases and Rents
(2022112900705006)
XXX XXXXX X X XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
11/30/2022 - R
11/22/2022 - D
Agreement
(2022112900705005)
XXX XXXXX X X XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
11/30/2022 - R
11/22/2022 - D
Mortgage
(2022112900705004)
XXX XXXXX X X XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
11/30/2022 - R
10/22/2022 - D
Termination of Assign of L&R
(2022112900705002)
XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
11/30/2022 - R
10/21/2022 - D
Assignment, Mortgage
(2022112900705003)
XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX XXXXXXXXXXXXX XXX XXXXXXX XXXXX XXXXXXX
01/06/2021 - R
03/20/2020 - D
Both RPTT and RETT
(2020122000162001)
XXX XXX XXX XXXXXX XXXXXXXXXXX XXX XXXXX XXXXXXXX XXX XXX XXXXXXXXX XXXXXX
04/30/2019 - R Initial UCC1
(2019043000985001)
XXX XXXXX X X XXX XXXXXXXXX XXXX XXXXXXXXX XXXXXXX
10/25/2023 - R
02/26/2015 - D
Both RPTT and RETT
(2015030901056001)
XXXXX XXXXXXXX XXXXXX XXX XXX XXX XXXXXXXXXXXX XXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Property taxes for Cathedral Branch Library - 560 Lexington Avenue, New York, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$5,642,964
Municipal exemptions
Recent tax assessments
Market value
$116,590,000
Assessed value
$52,465,500

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $117,264,000 $52,768,800 $49,045,140 10.848% $5,320,417 $5,320,417 +1.26%
2024/25 $117,032,000 $52,664,400 $48,820,050 10.762% $5,254,014 $5,254,014 +2.73%
2023/24 $116,301,000 $52,335,450 $48,286,711 10.592% $5,114,528 $5,114,528 +2.13%
2022/23 $110,796,000 $49,858,200 $47,041,471 10.646% $5,008,035 $5,008,035 +23.85%
2021/22 $83,553,000 $37,598,850 $37,598,850 10.755% $4,043,756 $4,043,756 -24.14%
2020/21 $114,763,000 $51,643,350 $49,849,348 10.694% $5,330,889 $5,330,889 +2.01%
2019/20 $111,106,000 $49,997,700 $49,593,554 10.537% $5,225,673 $5,225,673 +8.82%
2018/19 $101,495,000 $45,672,750 $45,672,750 10.514% $4,802,033 $4,802,033 -8.00%
2017/18 $110,857,000 $49,885,650 $49,642,540 10.514% $5,219,417 $5,219,417 +7.11%
2016/17 $112,812,000 $50,765,400 $46,085,881 10.574% $4,873,121 $4,873,121 +8.42%

Permit information for Cathedral Branch Library - 560 Lexington Avenue, New York, NY

Filing date Job type Job status Job description Initial cost
08/21/2026 Alteration
08/21/2026 Alteration
08/11/2026 Alteration
08/11/2026 Alteration
07/28/2026 Alteration

*Most recent permits on record for this property.

More about New York City property records

DOB Violations

Violation ID Issue date Type Status
08/02/2022 Bench-failure to benchmark none
12/07/2016 E-elevator
05/11/2012 E-elevator

*Most recent DOB violations on record for this property.

Manhattan commercial market stats

Review a detailed real estate market overview of Manhattan and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Manhattan and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$729

10.4% Y-o-Y

Q1 2026 median price/sq. ft.

$807

22.4% Y-o-Y

2025 median price/sq. ft.

$630

-8.1% Y-o-Y

Check out recently sold homes in Manhattan and see how their prices compare.

Risk

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FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
-

Subway & traffic

Closest station
Lexington Ave & 50th St at NW Corner
Station lines
E-M-6
Distance (miles)
0.014

Access the detailed traffic volume map for Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Frequently asked questions

What is the year built for Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022?

The development at Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 was built in 1980.

What is the market value of Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022?

The current market value of Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 is $116,590,000.

What is the total square footage of Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022?

Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 has a total of 345,743 square feet.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 22.

How many active listings does Cathedral Branch Library - 560 Lexington Avenue, New York, NY 10022 have?

This address has 11 active listing(s).

Disclaimer

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Do not rely on this report to support investment decisions. The only authoritative source for the information in this report is the government agencies from which the data was acquired.

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