NY Property Records

242 5 Avenue
Manhattan · New York County · 10001

04 · Mixed Res & CommercialSold $10,275,000 · Dec 2012 ↗
Owner of record
Owner242 Gramercy Fifth LLC
Assessment · 2025 roll
Land assessed$486,000
Total assessed$2,042,100
Est. annual tax$197,275 (2027, excl. special districts)
Building
StylePrimarily Four Family with Store or Office
Year built1922
Living area9,062 sq ft
Lot
Size0.06 acres (GIS)
Frontage × depth25 × 100 ft
Lot sq ft2,500
Zoning
DistrictC5-2
FAR4.86 built · 10.0 max residential · 10.0 max commercial · 10.0 max facility
Zoning map8d
Recorded documents · 25
TERMINATION OF ASSIGN OF L&R Sep 21, 2016
party one 242 Gramercy Fifth LLC
party two Metropolitan Commercial Bank
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MORTGAGE $4,811,526 Sep 21, 2016
mortgagor/borrower 242 Gramercy Fifth LLC
mortgagee/lender Metropolitan Commercial Bank
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AGREEMENT $12,500,000 Sep 21, 2016
party 1 242 Gramercy Fifth LLC
party 2 Metropolitan Commercial Bank
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Show all 25
ASSIGNMENT OF LEASES AND RENTS $12,500,000 Sep 21, 2016
assignor 242 Gramercy Fifth LLC
assignee Metropolitan Commercial Bank
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TERMINATION OF ASSIGN OF L&R Sep 21, 2016
party one 242 Gramercy Fifth LLC
party two Metropolitan Commercial Bank
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MORTGAGE $5,700,000 May 15, 2014
mortgagor/borrower 242 Gramercy Fifth LLC
mortgagee/lender Metropolotan Commercial Bank
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ASSIGNMENT OF LEASES AND RENTS $5,700,000 May 15, 2014
assignor 242 Gramercy Fifth LLC
assignee Metropolotan Commercial Bank
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ZONING LOT DESCRIPTION May 15, 2013
party one 242 Gramercy Fifth LLC
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CERTIFICATE May 15, 2013
party 1 Ridge Abstract Corp
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MORTGAGE $2,000,000 Jan 4, 2013
mortgagor/borrower 242 Gramercy Fifth LLC
mortgagee/lender Metropolitan National Bank
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ASSIGNMENT OF LEASES AND RENTS $2,000,000 Jan 4, 2013
assignor 242 Gramercy Fifth LLC
assignee Metropolitan National Bank
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DEED $10,275,000 Jan 4, 2013
grantor/seller 242 Fifth Realty, LLC
grantee/buyer 242 Gramercy Fifth LLC
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LANDMARK DESIGNATION Nov 30, 2010
party 1 Landmarks Preservation Comm Of The City Of Ny; Landmarks Preservation Comm. Of The City Of Ny
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SATISFACTION OF MORTGAGE Oct 10, 2008
mortgager/borrower 242 Fifth Realty, LLC
mortgagee/lender Kimmel, As Nominee, Jay
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MORTGAGE $2,500,000 Jul 11, 2007
mortgagor/borrower 242 Fifth Realty, LLC
mortgagee/lender Jay Kimmel
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DISCHARGE OF TAX LIEN Feb 27, 2002
secured party Bank Of New York
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SUNDRY MISCELLANEOUS Sep 18, 2001
party 1 Daniel Perla Associates, Lp.
party 2 North Fork Bank
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TAX LIEN SALE CERTIFICATE Jun 28, 2001
party 1 Bank Of New York
party 2 Bank Of New York
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DEED Jun 18, 1998
grantor/seller C.T. Wan & Co.
grantee/buyer 242 Fifth Realty, LLC
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ASSIGNMENT, MORTGAGE Apr 24, 1997
assignor/old lender Daniel Perla Associates, L.P.
assignee/new lender North Fork Bank
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SATISFACTION OF MORTGAGE Apr 21, 1994
mortgager/borrower C.T. Wan & Co.
mortgagee/lender Safdeye, Juda
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MORTGAGE $180,000 Apr 13, 1994
mortgagor/borrower C.T. Wan & Co.
mortgagee/lender China Trust Bank
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ASSIGNMENT, MORTGAGE Apr 13, 1994
assignor/old lender C.T. Wan & Co.
assignee/new lender China Trust Bank
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DEED Dec 22, 1982
grantor/seller Safdeye, Juda
grantee/buyer C. T. Wan & Co.
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MORTGAGE $800,000 Dec 22, 1982
mortgagor/borrower C.T. Wan & Co.
mortgagee/lender Safdeye, Juda
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DOB violations — total 38 · open 0 · dismissed 31
E-ELEVATOR ELEVATORREQUIRED Resolved Aug 3, 2020
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jun 19, 2019
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Aug 28, 2018
BIS ↗
Show all 38
E-ELEVATOR ELEVATORREQUIRED Resolved Jul 24, 2017
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Dec 1, 2016
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2015 INSPECTION/TEST
BIS ↗
EVCAT5-NON-RESIDENTIAL ELEVATOR PERIODIC INSPECTION/TEST ELEVATORREQUIRED Dismissed Jun 1, 2016
FAILURE TO PERFORM CATEGORY 5 INSPECTION
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Jun 10, 2015
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2014 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Jun 10, 2015
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2014 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Oct 31, 2014
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2013 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Oct 31, 2014
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2013 INSPECTION/TEST
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jul 22, 2014
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jul 22, 2014
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Mar 31, 2014
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2012 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Mar 31, 2014
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2012 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Oct 1, 2012
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2011 INSPECTION/TEST
BIS ↗
EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Dec 13, 2011
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2010 INSPECTION/TEST
BIS ↗
VCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED Dismissed Oct 8, 2010
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Feb 27, 2009
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Mar 21, 2008
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Jan 3, 2008
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Apr 2, 2007
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Jan 19, 2007
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Jan 6, 2006
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Oct 1, 2005
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Jan 31, 2005
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Nov 19, 2004
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Apr 21, 2004
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Mar 21, 2003
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Mar 19, 2003
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Mar 26, 2002
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Feb 19, 2002
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Mar 8, 2001
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Feb 27, 2001
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Mar 10, 2000
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Feb 7, 2000
BIS ↗
LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED Dismissed Mar 16, 1999
BIS ↗
LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL Dismissed Jan 20, 1999
BIS ↗
E-ELEVATOR ELEVATORREQUIRED Resolved Jan 25, 1989
51-PROVIE A PARKING DEVICE 52-COMPELTEY REMOVE THE EMERGENCY BY-PASS SWITCH
BIS ↗
DOB complaints — total 8 · open 0 · closed 8
Electrical wiring – defective/exposed Closed Nov 21, 2016
Complaint 1437849
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Site conditions endangering workers Closed Feb 8, 2010
Complaint 1275381
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Work contrary to stop-work order Closed Feb 8, 2010
Complaint 1275363
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Show all 8
Building shaking/vibrating/structural stability Closed Feb 4, 2010
Complaint 1275168
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Work contrary to stop-work order Closed Feb 2, 2010
Complaint 1275001
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Site conditions endangering workers Closed Jan 22, 2010
Complaint 1274286
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Failure to maintain Closed Jul 22, 2009
Complaint 1261254
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Building – vacant, open and unguarded Closed May 22, 2006
Complaint 1166465
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Deed & identifiers
SBL1008290039
SWIS620100
Parcel ID6201001008290039

Who owns 242 5 Avenue?

242 5 Avenue, Manhattan is owned by 242 Gramercy Fifth LLC per the 2025 NYS assessment roll. It last sold for $10,275,000 in Dec 2012.
Public record, NYS tax roll 2025. Values are the assessor's, not an appraisal. Provided for informational purposes only — accuracy and completeness are not warranted or guaranteed; verify against official sources before relying on it. Disclaimer · Request redaction

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