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575-589 Lexington Avenue, New York, NY 10022

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575-589 Lexington Avenue, New York, NY 10022

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Property Overview

Property address 575-589 Lexington Ave
Alternate address(es) 145-159 E 51st St
142-144 E 52nd St
Zip code 10022
Borough Manhattan
Block & lot 01306-0023

Building name Grolier Building
Lot dimensions
Lot sqft 32,625 i
Buildings on lot 1
Building class Office Only with or without Commercial - 20 Stories or More (O4)
Year built 1958
Building Sq. Ft.
Zoning

Ownership Information

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Other Critical Property Data

Neighborhood Turtle Bay
School district 2
Commercial units 38
Maximum floor area ratio
Closest police station 0.76 Miles - See map
Closest fire station 0.54 Miles - See map
Certificate of occupancy

Sales & Property History

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Purchase date 8/27/2015
Purchase price

Title Documents

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Doc rec date Type Amount Party 1 Party 2 Doc image
11/01/2017 - D NYC Real Property Transfer Tax
12/21/2016 - R Initial UCC1
12/14/2016 - D Mortgage
10/30/2015 - D NYC Real Property Transfer Tax
09/16/2015 - R Initial UCC1
09/10/2015 - R UCC3 Termination
09/10/2015 - R UCC3 Termination
08/27/2015 - D Agreement
08/27/2015 - D Mortgage
08/27/2015 - D Assignment, Mortgage
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R: Recorded date
D: Document date

Property Taxes

Access detailed property tax data for 575-589 Lexington Ave. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.

Tax year 2018/2019
Tax assessor's market value $206,421,000
Projected tax assessor's market value $0
Current tax bill $8,406,973

Assessment History

Check out this property's assessment history, including the evolution of the total tax rate and corresponding property tax.

Year Building class Market value Assessed value Taxable Tax rate% Base tax Property tax
2017/18 O4 $194,242,000 $87,408,900 $75,842,089 10.514% $7,974,037 $7,974,037
2016/17 O4 $180,569,000 $81,256,050 $71,291,469 10.574% $7,538,360 $7,538,360
2015/16 O4 $170,248,000 $76,611,600 $69,787,647 10.656% $7,436,572 $7,436,572
2014/15 O4 $147,775,000 $66,498,750 $64,346,844 10.684% $6,874,817 $6,874,817
2013/14 O4 $152,183,000 $68,482,350 $62,693,906 10.323% $6,471,892 $6,471,892
2012/13 O4 $134,444,444 $60,500,000 $60,500,000 10.288% $6,224,240 $6,224,240
2011/12 O4 $150,572,000 $67,757,400 $58,701,480 10.152% $5,959,374 $5,959,374
2010/11 O4 $133,333,333 $60,000,000 $54,250,000 10.312% $5,594,260 $5,594,260
2009/10 O4 $142,000,000 $63,900,000 $52,030,000 10.426% $5,424,648 $5,424,648
2008/09 O4 $130,000,000 $58,500,000 $48,250,000 10.241% $4,941,283 $4,941,283
2007/08 O4 $105,000,000 $47,250,000 $45,370,000 10.059% $4,563,768 $4,563,768
2006/07 O4 $101,111,111 $45,500,000 $44,245,000 10.997% $4,865,623 $4,865,623
2005/06 O4 $100,000,000 $45,000,000 $42,645,000 11.306% $4,821,444 $4,821,444
2004/05 O4 $100,000,000 $45,000,000 $40,575,000 11.558% $4,689,659 $4,689,659
2003/04 O4 $98,000,000 $44,100,000 $38,505,000 11.431% $4,401,507 $4,401,507

Permits

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Pre filing date Job type Job status Job description Document Building type
06/08/2018 Alteration type 2
06/08/2018 Alteration type 2
06/08/2018 Alteration type 2
06/08/2018 Alteration type 2
04/18/2018 Alteration type 2
04/18/2018 Alteration type 2
04/18/2018 Alteration type 2
04/18/2018 Alteration type 2
03/20/2018 Alteration type 2
03/20/2018 Alteration type 2
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For Rent

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9-10 East 29th Street, 50C-DB

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$7,014 1 Beds 1 Baths
9-11 East 29th Street, 50C

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$7,050 1 Beds 1 Baths
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$4,787 1 Beds 1 Baths

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Map

Turtle Bay residential market stats

Check out the median sale price in Turtle Bay and compare it to the borough´┐Żs median. You can download an in-depth market report for Turtle Bay, with complete list of sales and more trends from our Market Reports page.

Median Sale Price
$935,000
0% YoY
Median Price/Sqft
$1,359
1% YoY
Manhattan Median Sale Price
$1,095,000
1% YoY

Demographics By Zip Code 10022

Demographic data shown in this section was gathered from the 2014 American Community Survey and refers to zip code 10022.
Population Demographics
Total population 29,699
Female population 56.0%
Male population 44.0%
Median age 46
Male median age 45.8
Female median age 46.2
Education
No highschool 0.4%
Some highschool or college 17.6%
Bachelors degree 44.2%
Other
Citizens 91.0%
Citizens born in US 78.5%
English speakers 98.8%
Journey to Work
Work in a metropolitan area 99.4%
Work in a micropolitan area 0.1%
Work at home 7.2%
Go to work by car 12.3%
Go to work after 10 am 11.8%
Economic/Employment
Average household income $221,140
White collar 98.3%
Blue collar 1.7%
Housing
Family households 33.9%
Households with kids 9.2%
Housing units 23,172
Occupied housing units 17,552
Owner occupied units 47.9%
Average number of people per household 1.66
Median year structure built 1958
Houses with mortgages 43.9%
Wealth
Median value for units with a mortgage $789,000
Median value for units without a mortgage $886,100
Median gross rent $2,001
Median housing costs per month $1,994
Population in poverty 5.2%

Neighbors

Here are the neighbors for 575-589 Lexington Ave.

Address Property class Square feet Purchase date Purchase price
321 Park Ave, New York Church, Synagogue, Chapel (M1) 66,705
560 Lexington Ave, New York Office Only with or without Commercial - 20 Stories or More (O4) 345,743 1/1/2009 M
557-565 Lexington Ave, New York Luxury Hotel (H1) 138,614 1/6/2006
135-141 E 50th St, New York Elevator Apartment - Semi-Fireproof with Stores (D7) 70,836 6/25/1998
145-149 E 50th St, New York Extended Stay/Suite Amenities Similar to Apartments, Typically Charge Weekly Rates & Less Expensive than Full Service Hotel (HS) 147,970 6/11/2002 M
151-153 E 50th St, New York Extended Stay/Suite Amenities Similar to Apartments, Typically Charge Weekly Rates & Less Expensive than Full Service Hotel (HS) 47,938 6/11/2002 M
155 E 50th St, New York Extended Stay/Suite Amenities Similar to Apartments, Typically Charge Weekly Rates & Less Expensive than Full Service Hotel (HS) 159,582 1/6/2006
830 3rd Ave, New York Office with Commercial 7-19 Stories (O6) 150,638 10/1/2001
566-574 Lexington Ave, New York Office Only with or without Commercial - 20 Stories or More (O4) 458,300 3/7/2005 M
345 Park Ave, New York Office Only with or without Commercial - 20 Stories or More (O4) 1,712,218 12/31/2009
850 3rd Ave, New York Office Only with or without Commercial - 20 Stories or More (O4) 574,675 3/30/2016
154-158 E 52nd St, New York Office Only with or without Commercial - 20 Stories or More (O4) 304,640 3/28/2006
140 E 52nd St, New York Elevator Apartment - Semi-Fireproof with Stores (D7) 26,613 6/24/2005
375 Park Ave, New York Office Only with or without Commercial - 20 Stories or More (O4) 849,024 4/17/2013
155-161 E 52nd St, New York Elevator Apartment - Fireproof with Stores (D6) 66,386 2/20/2004
154-156 E 53rd St, New York All Parking Garages (G1) 38,602 6/24/1994 M
100 E 53rd St, New York Elevator Apartment - Luxury Type (D8) 273,596 2/11/2014 M
866 3rd Ave, New York Special Condominium Billing Lot (R0) 373,078
884-892 3rd Ave, New York Special Condominium Billing Lot (R0) 1,835,280
399 Park Ave, New York Special Condominium Billing Lot (R0) 1,526,121 1/6/2006

Useful neighborhood information

Transport

It can be a healthy walk from some parts of Turtle Bay to reach the 4, 5 and 6 lines on Lexington Avenue and also Grand Central Terminal. The Second Avenue Subway is easing up that burden these days. The M42 bus trundles along 42nd Street and the M15 runs north and south on Second Avenue.

Schools

Public educational facilities near Turtle Bay include P.S. 059, Beekman Hill International, for elementary students through fifth grade, and the East Side Middle School for older children. The High School of Art & Design targets a future professional career with a strong commercial art program. The Turtle Bay Music School, for students of all ages, has graced the community since 1925 and also provides free concerts in neighborhood plazas during the year.

Health

New York Presbyterian Hospital in Lenox Hill is the nearest full-care facility for most Turtle Bay residents. The MedRite Urgent Care Center offers walk-in service on 2nd Avenue for fast treatment.

Safety

The 17th Precinct that watches over Turtle Bay is one of Manhattan's safest neighborhoods with 12.64 crimes reported per 1,000 residents in 2016.

Schools in the area

The Family School

Grade: PK-6

Distance: 0.32 miles

Aaron School

Grade: K-6

Distance: 0.40 miles

Disclaimer:

The data displayed in this section is provided by GreatSchools.org. The schools linked to this address are selected based on geographic proximity and do not take into account school attendance zones.

Alternate Addresses

You will find all alternate addresses for the property in this section.

  • 575 Lexington Ave, New York, NY 10022
  • 577 Lexington Ave, New York, NY 10022
  • 579 Lexington Ave, New York, NY 10022
  • 581 Lexington Ave, New York, NY 10022
  • 583 Lexington Ave, New York, NY 10022
  • 585 Lexington Ave, New York, NY 10022
  • 587 Lexington Ave, New York, NY 10022
  • 589 Lexington Ave, New York, NY 10022
  • 145-159 E 51st St, New York, NY 10022
  • 142-144 E 52nd St, New York, NY 10022
  • Property Description

    Located in Turtle Bay, 575-589 Lexington Ave, New York, NY 10022 is a Office Only with or without Commercial - 20 Stories or More (O4) property that sits on a 32,625 square feet lot. The property was built in 1958 and it is part of school district 2. The closest police station is located 0.76 Miles from this property. 575-589 Lexington Ave, New York, NY 10022 has an assessed market value of $206,421,000 and a current tax bill of $8,406,973.

    575-589 Lexington Ave, New York, NY 10022 is part of 10022 zip code, where there are a total of 23,172 housing units. The average household income in 10022 is $221,140. Properties in 10022 have a median year built of 1958. 43.89% of houses in 10022 have a mortgage and the median value for units in 10022 is $789,000.