NY Property Records
587 5 Avenue
587 5 Avenue
Manhattan · New York County · 10017
05 · Commercial & OfficeSold $3,911,529 · Apr 2025 ↗
Owner of record
Owner587 Fifth Avenue LLC
Assessment · 2025 roll
Land assessed$2,250,000
Total assessed$8,538,750
Est. annual tax$850,103 (2027, excl. special districts)
Building
StyleBank Building (Designed Exclusively for Banking)
Year built1921
Lot
Size0.09 acres (GIS)
Frontage × depth30 × 125 ft
Lot sq ft3,750
Zoning
DistrictC5-3
Special districtMiD
FAR9.05 built · 10.0 max residential · 15.0 max commercial · 15.0 max facility
Zoning map8d
Recorded documents · 86
ASSIGNMENT, MORTGAGE
Jan 29, 2026
assignor/old lender Reznik Paz Nevo Trusts Ltd., As Trustee
assignee/new lender Reznik Paz Nevo Trusts Ltd., As Trustee
View on ACRIS ↗
AGREEMENT
$172,413,794
Jan 29, 2026
party 1 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
party 2 Reznik Paz Nevo Trusts Ltd., As Trustee
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jan 29, 2026
party one 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
party two Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗Show all 86
MORTGAGE
$61,212,275
Jan 29, 2026
mortgagor/borrower 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
mortgagee/lender Reznik Paz Nevo Trusts Ltd., As Trustee
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$172,413,794
Jan 29, 2026
assignor 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
assignee Reznik Paz Nevo Trusts Ltd., As Trustee
View on ACRIS ↗
ASSIGNMENT OF LEASE
Apr 22, 2025
party 1 587 Fifth Nassim LLC; Fifth 47th Realty LLC
party 2 Wireless Propco, LLC
View on ACRIS ↗
AGREEMENT
Apr 22, 2025
party 1 Reznik Paz Nevo Trusts Ltd
party 2 Wireless Propco, LLC
View on ACRIS ↗
EASEMENT
$3,911,529
Apr 16, 2025
grantor/seller 587 Fifth Nassim LLC; Fifth 47th Realty LLC
grantee/buyer Wireless Propco, LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 27, 2023
assignor/old lender Deutsche Bank Trust Company Americas
assignee/new lender Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗
MORTGAGE
$6,084,509
Sep 27, 2023
mortgagor/borrower 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
mortgagee/lender Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗
AGREEMENT
$111,201,519
Sep 27, 2023
party 1 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
party 2 Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$111,201,519
Sep 27, 2023
assignor 587 Fifth Nassim LLC; Empire 529 Fifth LLC +2
assignee Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Sep 27, 2023
party one Fifth 47th Realty Holdings LLC
party two 587 B Fifth Ave LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 27, 2023
assignor/old lender Fifth 47th Realty Holdings LLC
assignee/new lender Reznik Paz Nevo Trusts Ltd.
View on ACRIS ↗
ASSIGNMENT OF LEASE
Jul 18, 2023
party 1 587 B Fifth Avenue
party 2 587 Fifth Nassim LLC; Fifth 47th Realty LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jul 18, 2023
assignor/old lender Webster Bank, National Association, As Successor
assignee/new lender Cremac Asset Management, LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jul 18, 2023
assignor/old lender Cremac Asset Management, LLC
assignee/new lender Fifth 47th Realty Holdings LLC
View on ACRIS ↗
ASGN OF ASGN OF L&R
Jul 18, 2023
assignor Webster Bank. National Association As Successor-By
assignee Cremac Asset Management, LLC
View on ACRIS ↗
ASGN OF ASGN OF L&R
Jul 18, 2023
assignor Cremac Asset Management, LLC
assignee Fifth 47th Realty Holdings LLC
View on ACRIS ↗
BOTH RPTT AND RETT
$14,561,775
Jan 30, 2023
grantor/seller 587 B Fifth Ave LLC
grantee/buyer 587 Fifth Nassim LLC; Fifth 47th Realty LLC
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$36,000,000
Apr 12, 2017
assignor 587 B Fifth Ave LLC
assignee Sterling National Bank
View on ACRIS ↗
MORTGAGE
$9,331,604
Apr 12, 2017
mortgagor/borrower 587 B Fifth Ave LLC
mortgagee/lender Sterling National Bank
View on ACRIS ↗
AGREEMENT
$36,000,000
Apr 12, 2017
party 1 587 B Fifth Ave LLC
party 2 Sterling National Bank
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Apr 12, 2017
party one Rcg Lv Debt V Reit, Lp
party two Baruch LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Apr 12, 2017
assignor/old lender Rcg Lv Debt V Reit, Lp
assignee/new lender Sterling National Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Apr 12, 2017
assignor/old lender Rcg Lv Debt V Reit, Lp
assignee/new lender Sterling National Bank
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Apr 12, 2017
party one Rcg Lv Debt V Reit, Lp
party two Baruch LLC
View on ACRIS ↗
ASSIGNMENT OF LEASE
Mar 22, 2017
party 1 587 C Fifth Ave LLC; 587 D Fifth Ave LLC +1
party 2 587 B Fifth Ave LLC
View on ACRIS ↗
ASSIGNMENT OF LEASE
$26,668,391
Dec 21, 2016
party 1 Baruch LLC
party 2 587 B Fifth Ave LLC; 587 C Fifth Ave LLC +1
View on ACRIS ↗
ASSIGNMENT OF LEASE
Dec 21, 2016
party 1 Baruch LLC
party 2 Baruch LLC; Fifth 587 A LLC
View on ACRIS ↗
BOTH RPTT AND RETT
$8,000,000
Dec 20, 2016
grantor/seller Baruch LLC
grantee/buyer 587 B Fifth Ave LLC; 587 C Fifth Ave LLC +2
View on ACRIS ↗
ASGN OF ASGN OF L&R
Dec 14, 2016
assignor Signature Bank
assignee Rcg Lv Debt V Reit, Lp
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 14, 2016
assignor/old lender Signature Bank
assignee/new lender Rcg Lv Debt V Reit, Lp
View on ACRIS ↗
AGREEMENT
Oct 9, 2014
party 1 Rcg Lv Debt V Reit, Lp
party 2 Mosaic Fashions Us Limited
View on ACRIS ↗
MORTGAGE
$10,523,050
Oct 9, 2014
mortgagor/borrower Baruch LLC
mortgagee/lender Rcg Lv Debt V Reit, Lp
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$10,523,050
Oct 9, 2014
assignor Baruch LLC
assignee Rcg Lv Debt V Reit, Lp
View on ACRIS ↗
AGREEMENT
Oct 9, 2014
party 1 Rcg Lv Debt V Reit, Lp
party 2 Nest Seekers International Fifth LLC
View on ACRIS ↗
AGREEMENT
Mar 20, 2014
party 1 Signature Bank
party 2 Baruch LLC; Mosaic Fashions Us Limited
View on ACRIS ↗
AGREEMENT
Mar 14, 2014
party 1 Signature Bank
party 2 Nest Seekers International Fifth LLC
View on ACRIS ↗
BOTH RPTT AND RETT
$947,830
Apr 16, 2013
grantor/seller Qs Retail Inc
grantee/buyer Baruch LLC
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Jul 28, 2009
mortgager/borrower 1722-4 Chestnut Street Corporation
mortgagee/lender Lasalle Bank N.A.
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jul 28, 2009
party one 1722-4 Chestnut Street Corporation
party two Lasalle Bank N.A.
View on ACRIS ↗
RELEASE
Aug 14, 2008
party 1 Baruch LLC
party 2 Lasalle Bank National Association, As Trustee
View on ACRIS ↗
MORTGAGE
$11,924,127
Aug 14, 2008
mortgagor/borrower Baruch LLC
mortgagee/lender Signature Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Aug 14, 2008
assignor/old lender Lasalle Bank National Association, As Trustee
assignee/new lender Signature Bank
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$18,000,000
Aug 14, 2008
assignor Baruch LLC
assignee Signature Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Nov 2, 2005
assignor/old lender Emigrant Savings Bank
assignee/new lender Lasalle Bank N.A., As Trustee
View on ACRIS ↗
ASGN OF ASGN OF L&R
Jun 1, 2005
assignor Wachovia Bank, N.A.
assignee Lasalle Bank, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Mar 1, 2005
assignor/old lender Wachovia Bank, N.A.
assignee/new lender Lasalle Bank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
Aug 25, 2004
assignor Wachovia Bank, National Association
assignee Baruch LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Aug 25, 2004
assignor/old lender Hsbc Bank Usa
assignee/new lender Wachovia Bank, National Association
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Aug 25, 2004
party one Hsbc Bank Usa
party two Baruch LLC
View on ACRIS ↗
MORTGAGE
$2,378,830
Aug 25, 2004
mortgagor/borrower Baruch LLC
mortgagee/lender Wachovia Bank, National Association
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
Mar 20, 2003
assignor Hsbc Bank Usa
assignee Baruch LLC
View on ACRIS ↗
ASSIGNMENT OF LEASE
Mar 20, 2003
party 1 Joseph Tobias & Sons D/B/A 587 5th Realty Company
party 2 Baruch LLC
View on ACRIS ↗
MORTGAGE
$4,125,000
Mar 20, 2003
mortgagor/borrower Baruch LLC
mortgagee/lender Hsbc Bank Usa
View on ACRIS ↗
DEED
Mar 13, 2002
grantor/seller Empire Associates Realty Co; Empire Associates Realty Co. +4
grantee/buyer 587 Fifth Avenue LLC
View on ACRIS ↗
AGREEMENT
Jun 30, 1999
party 1 Emigrant Savings Bank
party 2 Goldman, Allan H.; Goldman, Jane H. +1
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Mar 4, 1991
assignor/old lender Seacom, Inc
assignee/new lender 587 5th Realty Co D/B/A; Joseph Tobias & Sons
View on ACRIS ↗
AGREEMENT
Mar 15, 1990
party 1 Goldman, Allan H.Ext; Lewis, Jane H. Goldman +1
party 2 Joseph Tobias & Sons
View on ACRIS ↗
AGREEMENT
Feb 23, 1990
party 1 Goldman, Allan H.; Goldman, Jane H. +1
party 2 Emigrant Savings Bank
View on ACRIS ↗
SATISFACTION OF MORTGAGE
May 3, 1984
mortgager/borrower Avon Associates,Inc.
mortgagee/lender Kemper, Norman
View on ACRIS ↗
AGREEMENT
May 3, 1984
party 1 Empire Assoc Rlty Codba; Goldman, Sol
party 2 Emigrant Savings Bank
View on ACRIS ↗
MORTGAGE
$4,680,999
May 3, 1984
mortgagor/borrower Empire Assoc Rlty Codba; Goldman, Sol
mortgagee/lender Emigrant Savings Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Apr 9, 1982
assignor/old lender Kemper, Norman
assignee/new lender Goldman, Sol
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Mar 11, 1982
mortgager/borrower Avon Associates,Inc.Etal
mortgagee/lender Kemper, Norman & Ano
View on ACRIS ↗
DEED
Mar 21, 1978
grantor/seller Avon Assc Inc
grantee/buyer Empire Assc Rlty Codba; Goldman, Sol
View on ACRIS ↗
MORTGAGE
Dec 30, 1977
mortgagor/borrower Avon Associates; Southern Assoc Etal
mortgagee/lender Adolf, Norman; Kemper, Norman
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 30, 1977
assignor/old lender Strauss, Mollie
assignee/new lender Kemper, Norman
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Feb 13, 1976
assignor/old lender Kemper, Norman
assignee/new lender Strauss, Mollie
View on ACRIS ↗
LEASE
May 3, 1974
lessor/landlord Dry Dock Svngs Bnk
lessee/tenant 1722-4 Chestnut St Corp
View on ACRIS ↗
MORTGAGE
May 2, 1974
mortgagor/borrower Avon Assc Inc
mortgagee/lender New York Bnk Svngs
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
May 2, 1974
assignor/old lender Avon Assc Inc
assignee/new lender New York Bnk Svngs
View on ACRIS ↗
LEASE
Jan 20, 1972
lessor/landlord 587 5th Ave Inc
lessee/tenant Thos Cook & Son Incorp
View on ACRIS ↗DOB violations — total 60 · open 6 · dismissed 24
Gas Piping - LL152
Active
Sep 18, 2025
BIS ↗Elevators
Active
Oct 11, 2024
BIS ↗Elevators
Active
Oct 11, 2024
BIS ↗Show all 60
Benchmarking - LL84
Active
Feb 22, 2024
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Facades
Active
Feb 22, 2024
FAILED TO FILE FISP CYCLE 9C TECHNICAL REPORT BY 2/21/2024
BIS ↗Benchmarking - LL84
Dismissed
Nov 2, 2023
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
Aug 2, 2023
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
May 2, 2023
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Energy Grade - LL33
Dismissed
Dec 1, 2022
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗Sprinklers
Active
Sep 3, 2019
FAILED TO FILE FINAL SPRINKLER REPORT BY JULY 1, 2019
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 27, 2017
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 27, 2017
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 7, 2016
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 7, 2016
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 3, 2015
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 3, 2015
BIS ↗FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED
Dismissed
Dec 31, 2013
FAILED TO FILE FISP CYCLE 7C TECHNICAL REPORT BY 02/21/2013
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 30, 2012
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 30, 2012
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 29, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 29, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 29, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Sep 14, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Sep 14, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 18, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 18, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Work W/O Permit Dismissed
Aug 18, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Dec 8, 2008
BIS ↗Emergency Power
Dismissed
Mar 31, 2008
BIS ↗L1198-LOCAL LAW 11/98 - FACADE FACADE REQUIRED
Dismissed
Jun 25, 2007
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Feb 1, 2007
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Feb 1, 2007
BIS ↗C-CONSTRUCTION OTHER OPTIONAL
Dismissed
Jan 24, 2007
BIS ↗Photoluminescent
Dismissed
Nov 1, 2006
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Apr 21, 2004
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 14, 2003
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 14, 2003
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 18, 2002
1P11616
BIS ↗LL10/80-LOCAL LAW 10/80 - FACADE FACADE OPTIONAL
Dismissed
Sep 11, 2002
BIS ↗L1198-LOCAL LAW 11/98 - FACADE FACADE REQUIRED
Dismissed
Aug 8, 2002
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 16, 2001
1P11616
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 16, 2001
1P11617
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jan 23, 2001
1P11616
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jan 23, 2001
1P11617
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 20, 1999
1P11616
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 20, 1999
1P11617
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Dec 14, 1998
1P11616
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Dec 14, 1998
1P11617
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Apr 17, 1995
BIS ↗Z-ZONING NONE
Dismissed
Nov 18, 1993
BIS ↗Z-ZONING NONE
Dismissed
Aug 17, 1993
BIS ↗Z-ZONING NONE
Dismissed
Jul 21, 1993
BIS ↗LL1080-LOCAL LAW 10/80 - FACADE FACADE OPTIONAL
Dismissed
Jul 1, 1992
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Jun 29, 1990
1
BIS ↗Z-ZONING NONE
Dismissed
May 23, 1990
BIS ↗C-CONSTRUCTION OTHER OPTIONAL
Dismissed
Jan 23, 1990
BIS ↗Z-ZONING NONE
Dismissed
Jan 23, 1990
BIS ↗LL5-LOCAL LAW 5/73 NONE
Dismissed
Oct 31, 1989
BIS ↗LL5-LOCAL LAW 5/73 NONE
Dismissed
Oct 31, 1989
BIS ↗LL1081-LOCAL LAW 10/81 - ELEVATOR ELEVATOROPTIONAL
Dismissed
Oct 12, 1989
1
BIS ↗DOB complaints — total 23 · open 0 · closed 23
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Jun 12, 2017
Complaint 1452775
View on BIS ↗Show all 23
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Oct 25, 2007
Complaint 1207731
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Aug 22, 2007
Complaint 1202102
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Aug 30, 2006
Complaint 1173844
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Apr 4, 2006
Complaint 1163036
View on BIS ↗
Sidewalk shed/scaffold – none/inadequate/defective
Closed
Jul 18, 1990
Complaint 1007862
View on BIS ↗No HPD violations on file.
Deed & identifiers
SBL1012830072
SWIS620100
Parcel ID6201001012830072
Who owns 587 5 Avenue?
587 5 Avenue, Manhattan is owned by 587 Fifth Avenue LLC per the 2025 NYS assessment roll. It last sold for $3,911,529 in Apr 2025.
Nearby on 5 Avenue
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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