NY Property Records
12 East 53 Street
12 East 53 Street
Manhattan · New York County · 10022
05 · Commercial & OfficeSold $11,000,000 · Jun 2024 ↗
Owner of record
Owner12 East 53 Realty LLC
Assessment · 2025 roll
Land assessed$693,000
Total assessed$2,317,050
Est. annual tax$235,588 (2027, excl. special districts)
Building
StyleSemi-Fireproof
Year built1871
Lot
Size0.10 acres (GIS)
Frontage × depth38 × 119 ft
Lot sq ft4,250
Zoning
DistrictC5-2.5
Special districtMiD
FAR4.46 built · 10.0 max residential · 12.0 max commercial · 12.0 max facility
Zoning map8d
Recorded documents · 75
SATISFACTION OF MORTGAGE
Jan 28, 2025
mortgager/borrower College, Lim; Institute Of Merchandising, Inc +2
mortgagee/lender Citibank N.A.
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Jan 21, 2025
mortgager/borrower College, Lim; Institute Of Merchandising, Inc +2
mortgagee/lender Citibank N.A.; Citibank, N.A
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jan 21, 2025
party one Lim College; The Laboratory Institute Of Merchandising Inc
party two Citibank N.A.
View on ACRIS ↗Show all 75
AGREEMENT
$5,000,000
Jan 10, 2025
party 1 12 East 53 Realty, LLC
party 2 Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jan 10, 2025
assignor/old lender The Laboratory Institute Of Merchandising, Inc.
assignee/new lender Citibank, N.A.
View on ACRIS ↗
DEED
$11,000,000
Jul 12, 2024
grantor/seller The Laboratory Institute Of Merchandising, Inc.
grantee/buyer 12 East 53 Realty LLC
View on ACRIS ↗
MORTGAGE
$5,000,000
Jul 12, 2024
mortgagor/borrower 12 East 53 Realty LLC
mortgagee/lender The Laboratory Institute Of Merchandising, Inc.,
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$11,817,128
Sep 6, 2019
assignor Citibank, N.A.
assignee Lim College; The Laboratory Institute Of Merchandising, Inc.
View on ACRIS ↗
AGREEMENT
$2,000,000
Sep 6, 2019
party 1 Citibank, N.A.
party 2 Lim College; The Laboratory Institute Of Merchandising, Inc.
View on ACRIS ↗
AGREEMENT
$9,817,128
Sep 6, 2019
party 1 Citibank, N.A.
party 2 Lim College; The Laboratory Institute Of Merchandising, Inc.
View on ACRIS ↗
AGREEMENT
$13,000,000
Jan 30, 2019
party 1 Lim College A New York Corporation; The Laboratory Institute Of Merchandising,Inc.
party 2 Citibank,N.A.
View on ACRIS ↗
PARTIAL RELEASE OF MORTGAGE
Sep 1, 2011
party one Metropolitan Life Insurance Company; New York Life Insurance Company +1
party two Bp 510 Madison Ave LLC; Bp/Cgcenter I LLC +1
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 1, 2011
assignor/old lender Bank Of America, N.A.
assignee/new lender Metropolitan Life Insurance Company; New York Life Insurance Company +1
View on ACRIS ↗
AGREEMENT
$3,000,000
Oct 29, 2010
party 1 Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.
party 2 Citibank, N.A.
View on ACRIS ↗
CORRECTION DOC-OFFICE USE ONLY
Oct 18, 2010
party 1 Bp 510 Madison Ave LLC
party 2 Bank Of America, Na
View on ACRIS ↗
RELEASE
Sep 29, 2010
party 1 53rd Street And Madison Tower Development LLC
party 2 510 Funding LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 24, 2010
assignor/old lender 510 Funding LLC
assignee/new lender Bank Of America, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 24, 2010
assignor/old lender 510 Funding LLC
assignee/new lender Bank Of America, N.A.
View on ACRIS ↗
AGREEMENT
$267,500,000
Sep 24, 2010
party 1 Bp 510 Madison Ave LLC
party 2 Bank Of America, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 24, 2010
assignor/old lender 510 Funding LLC
assignee/new lender Bank Of America, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$267,500,000
Sep 24, 2010
assignor Bp 510 Madison Ave LLC
assignee Bank Of America, N.A.
View on ACRIS ↗
ASGN OF ASGN OF L&R
Dec 14, 2009
assignor Union Labor Life Insurance Company
assignee 510 Loan Funding LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 14, 2009
assignor/old lender Union Labor Life Insurance Company
assignee/new lender 510 Loan Funding LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 14, 2009
assignor/old lender Union Labor Life Insurance Company
assignee/new lender 510 Loan Funding LLC
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Dec 14, 2009
assignor/old lender Union Labor Life Insurance Company
assignee/new lender 510 Loan Funding LLC
View on ACRIS ↗
AGREEMENT
$13,000,000
Aug 25, 2008
party 1 Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.
party 2 Citibank, N.A.
View on ACRIS ↗
SUBORDINATION OF MORTGAGE
Aug 25, 2008
party one Citibank, N.A.
party two Citibank, N.A.
View on ACRIS ↗
AGREEMENT
$2,000,000
Aug 25, 2008
party 1 Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.
party 2 Citibank, N.A.
View on ACRIS ↗
MORTGAGE
$4,242,785
Aug 25, 2008
mortgagor/borrower Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$13,000,000
Aug 25, 2008
assignor Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.
assignee Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Mar 3, 2008
assignor/old lender Deutsche Bank Ag, New York Branch
assignee/new lender The Union Labor Life Insurance Company
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$267,500
Mar 3, 2008
assignor 53rd Street And Madison Tower Development LLC
assignee The Union Labor Life Insurance Company
View on ACRIS ↗
MORTGAGE
$90,304,614
Mar 3, 2008
mortgagor/borrower 53rd Street And Madison Tower Development LLC
mortgagee/lender The Union Labor Life Insurance Company
View on ACRIS ↗
MORTGAGE
$114,700,000
Mar 3, 2008
mortgagor/borrower 53rd Street And Madison Tower Development LLC
mortgagee/lender The Union Labor Life Insurance Company
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Mar 3, 2008
assignor/old lender Deutsche Bank Ag, New York Branch
assignee/new lender The Union Labor Life Insurance Company
View on ACRIS ↗
MORTGAGE
$62,495,386
Mar 3, 2008
mortgagor/borrower 53rd Street And Madison Tower Development LLC
mortgagee/lender The Union Labor Life Insurance Company
View on ACRIS ↗
DEVELOPMENT RIGHTS
$1,200,000
Feb 21, 2008
party one The Laboratory Institute Of Merchandising, Inc.
party two 53rd Street And Madison Tower Development LLC
View on ACRIS ↗
MORTGAGE SPREADER AGREEMENT
$80,500,000
Feb 21, 2008
party one/mortgagor 53rd Street And Madison Tower Development LLC; Palw LLC
party two/mortgagee Deutsche Bank As, New York Branch
View on ACRIS ↗
MORTGAGE SPREADER AGREEMENT
$34,200,000
Feb 21, 2008
party one/mortgagor 53rd Street And Madison Tower Development LLC; Palw LLC
party two/mortgagee Deutsche Bank As, New York Branch
View on ACRIS ↗
MORTGAGE
$34,200,000
Aug 3, 2007
mortgagor/borrower 53rd Street And Madison Tower Development LLC; Palw LLC
mortgagee/lender Deutsche Bank Ag, New York Branch
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$34,200,000
Aug 3, 2007
assignor 53rd Street And Madison Tower Development LLC; Palw LLC
assignee Deutsche Bank Ag, New York Branch
View on ACRIS ↗
ZONING LOT DESCRIPTION
Jan 10, 2007
party one 53rd Street And Madison Tower Development LLC
View on ACRIS ↗
DEVELOPMENT RIGHTS
$6,439,967
Nov 24, 2006
party one The Laboratory Institute Of Merchandising, Inc.
party two 53rd Street And Madison Tower Development LLC
View on ACRIS ↗
DECLARATION
Nov 24, 2006
party 1 The Laboratory Institute Of Merchandising, Inc
party 2 53rd Street And Madison Tower Development LLC
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$9,000,000
Jun 21, 2006
assignor Citibank, N.A.
assignee Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
View on ACRIS ↗
MORTGAGE
$7,205,919
Jun 21, 2006
mortgagor/borrower Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
AGREEMENT
$9,000,000
Jun 21, 2006
party 1 Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
party 2 Citibank, N.A.
View on ACRIS ↗
MORTGAGE
$3,000,000
Jun 21, 2006
mortgagor/borrower Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Jun 21, 2006
mortgager/borrower Laboratory Institute Of Merchandising, Inc.; The Laboratory Institute Of Merchandising, Inc.,
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$3,000,000
Jun 21, 2006
assignor Citibank, N.A.
assignee Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Jun 21, 2006
party one Laboratory Institute Of Merchandising, Inc.,; The Laboratory Institute Of Merchandising, Inc.,
party two Citibank, N.A.
View on ACRIS ↗
AGREEMENT
$1,500,000
May 17, 2004
party 1 The Labratory Institute Of Merchandisiing, Inc.
party 2 Citibank, N.A.
View on ACRIS ↗
MORTGAGE
$1,500,000
Jun 16, 2003
mortgagor/borrower The Laboratory Institute Of Merchandising, Inc.
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
MORTGAGE
$2,750,000
May 21, 2001
mortgagor/borrower Laboratory Institute/Merchandising, Inc.; Laboratory Instituteof Merchandising, Inc.
mortgagee/lender Citibank, Na
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
May 21, 2001
assignor/old lender Laboratory Institure/Merchandising, Inc.; Laboratory Institute/Merchandising, Inc.
assignee/new lender Citibank, Na
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Feb 2, 1996
mortgager/borrower Laboratory Instituteof Merchandising, Inc.
mortgagee/lender Laboratory Instituteof Merchandising Fashion Etc.
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Jan 9, 1991
mortgager/borrower Laboratory Instituteetc
mortgagee/lender Richmond Hill Svgs Bank
View on ACRIS ↗
MORTGAGE
$80,000
Dec 24, 1990
mortgagor/borrower Laboratory Instte Etal
mortgagee/lender Laboratory Inst Etal
View on ACRIS ↗
SATISFACTION OF MORTGAGE
Dec 9, 1985
mortgager/borrower Laboratory Instituteetc
mortgagee/lender American Svgs Bank; First National Citybank
View on ACRIS ↗
MORTGAGE
$145,000
Nov 18, 1985
mortgagor/borrower Laboratory Instituteetc
mortgagee/lender Richmond Hill Svgs Bk
View on ACRIS ↗
EASEMENT
Mar 7, 1979
grantor/seller Laboratory Inst Etal
grantee/buyer Olympia & York Etal
View on ACRIS ↗
MORTGAGE
Sep 18, 1975
mortgagor/borrower Laboratory Inst Etal
mortgagee/lender American Svngs Bnk
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 18, 1975
assignor/old lender First Natnl City Bnk
assignee/new lender American Svngs Bnk
View on ACRIS ↗DOB violations — total 17 · open 1 · dismissed 8
Elevators
Active
Oct 10, 2025
BIS ↗Elevators
Dismissed
Oct 23, 2023
BIS ↗Elevators
Dismissed
Aug 11, 2023
BIS ↗Show all 17
Elevators
Dismissed
May 20, 2019
BIS ↗EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
Dismissed
Sep 15, 2017
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2016 INSPECTION/TEST
BIS ↗Elevators
Dismissed
Jan 3, 2017
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2015 CAT 1 INSP/TST
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 17, 2016
BIS ↗Elevators
Dismissed
Nov 14, 2016
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2014 CAT 1 INSP/TST
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 10, 2015
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Nov 3, 2014
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 6, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 26, 2009
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Dec 11, 2008
BIS ↗C-CONSTRUCTION OTHER OPTIONAL
Dismissed
Mar 15, 2007
BIS ↗C-CONSTRUCTION OTHER OPTIONAL
Dismissed
Mar 15, 2007
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Oct 28, 2005
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jan 14, 2004
BIS ↗DOB complaints — total 6 · open 0 · closed 6
Show all 6
No HPD violations on file.
Deed & identifiers
SBL1012880063
SWIS620100
Parcel ID6201001012880063
Who owns 12 East 53 Street?
12 East 53 Street, Manhattan is owned by 12 East 53 Realty LLC per the 2025 NYS assessment roll. It last sold for $11,000,000 in Jun 2024.
Nearby on East 53 Street
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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