NY Property Records
425 East 53 Street
425 East 53 Street
Manhattan · New York County · 10022
05 · Commercial & OfficeSold $30,720,000 · Apr 2015 ↗
Owner of record
OwnerRakema Holdings, LLC
Assessment · 2025 roll
Land assessed$657,000
Total assessed$4,050,450
Est. annual tax$428,132 (2027, excl. special districts)
Building
StyleTen Stories & Over (Side Street Type)
Year built1926
Lot
Size0.17 acres (GIS)
Frontage × depth75 × 91 ft
Lot sq ft6,837
Zoning
DistrictR10
FAR4.99 built · 10.0 max residential · 10.0 max facility
Zoning map8d
Recorded documents · 31
ASSIGNMENT OF LEASES AND RENTS
$22,963,320
Jun 4, 2020
assignor Rakema Holdings, LLC
assignee Citibank, N.A.
View on ACRIS ↗Show all 31
MORTGAGE
$1,800,000
Mar 10, 2016
mortgagor/borrower Rakema Holdings, LLC
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$3,000,000
Mar 10, 2016
assignor Rakema Holdings, LLC
assignee Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$1,800,000
Mar 10, 2016
assignor Rakema Holdings, LLC
assignee Citibank, N.A.
View on ACRIS ↗
MORTGAGE
$3,000,000
Mar 10, 2016
mortgagor/borrower Rakema Holdings, LLC
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
$24,576,000
May 5, 2015
assignor Rakema Holdings, LLC
assignee Citibank, N.A.
View on ACRIS ↗
DEED
$30,720,000
May 5, 2015
grantor/seller Newel, LLC
grantee/buyer Rakema Holdings, LLC
View on ACRIS ↗
MORTGAGE
$15,573,560
May 5, 2015
mortgagor/borrower Rakema Holdings, LLC
mortgagee/lender Citibank, N.A.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
May 5, 2015
assignor/old lender Vnb New York ,LLC
assignee/new lender Citibank, N.A.
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
May 5, 2015
party one Newel Art Galleries, Inc.; Newel, LLC
party two Valley National Bank
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
May 5, 2015
party one Newel Art Galleries, Inc.; Newel, LLC
party two Valley National Bank
View on ACRIS ↗
MORTGAGE
$185,836
Sep 19, 2012
mortgagor/borrower Newell, LLC
mortgagee/lender Vnb New York Corp.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 19, 2012
assignor/old lender Valley National Bank
assignee/new lender Vnb New York Corp.
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 19, 2012
assignor/old lender Valley National Bank
assignee/new lender Vnb New York Corp.
View on ACRIS ↗
TERMINATION OF ASSIGN OF L&R
Aug 31, 2005
party one Independence Community Bank
party two Newel Art Galleries, Inc.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
Aug 31, 2005
assignor Valley National Bank
assignee Newel Art Galleries, Inc.
View on ACRIS ↗
ASSIGNMENT OF LEASES AND RENTS
Aug 31, 2005
assignor Valley National Bank
assignee Newel Art Galleries, Inc.
View on ACRIS ↗
MORTGAGE
$1,900,000
Jun 17, 2005
mortgagor/borrower Newel Art Galleries, Inc.
mortgagee/lender Valley National Bank
View on ACRIS ↗
AGREEMENT
$10,150,000
Jun 17, 2005
party 1 Newel Art Galleries, Inc.
party 2 Valley National Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Jun 17, 2005
assignor/old lender Independence Community Bank
assignee/new lender Valley National Bank
View on ACRIS ↗
MORTGAGE
$2,662,222
Jun 17, 2005
mortgagor/borrower Newel Art Galleries, Inc.
mortgagee/lender Valley National Bank
View on ACRIS ↗
MORTGAGE
$8,000,000
Sep 26, 2001
mortgagor/borrower Newel Art Galleriesinc.
mortgagee/lender Independence Community Bank
View on ACRIS ↗
ASSIGNMENT, MORTGAGE
Sep 26, 2001
assignor/old lender Newel Art Galleries,Inc.
assignee/new lender Independence Community Bank
View on ACRIS ↗
EASEMENT
Sep 26, 1985
grantor/seller Newel Art Galleriesinc
grantee/buyer River Tower Associates
View on ACRIS ↗
DEED
Apr 1, 1982
grantor/seller Springdale Realty Corp.
grantee/buyer Newel Art Galleries,Inc
View on ACRIS ↗DOB violations — total 29 · open 7 · dismissed 7
Gas Piping - LL152
Active
Oct 31, 2025
BIS ↗Energy Grade - LL33
Active
Dec 1, 2024
FAILURE TO DISPLAY ENERGY EFFICIENCY SCORE AND ENERGY EFFICIENCY GRADE AS PER ADCODE SEC. 28-309.12.3
BIS ↗Benchmarking - LL84
Active
May 2, 2024
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Show all 29
Boiler
Active
Jun 30, 2023
VIOLATION ISSUED-FAILURE TO FILE 2021 EXTERNAL LOW PRESSURE INSPECTION
BIS ↗Boiler
Active
Jun 30, 2023
VIOLATION ISSUED-FAILURE TO FILE 2020 EXTERNAL LOW PRESSURE INSPECTION
BIS ↗Boiler
Active
Jun 20, 2023
VIOLATION ISSUED-FAILURE TO FILE 2018 EXTERNAL LOW PRESSURE INSPECTION
BIS ↗Boiler
Active
Jun 20, 2023
VIOLATION ISSUED-FAILURE TO FILE 2018 EXTERNAL LOW PRESSURE INSPECTION
BIS ↗Benchmarking - LL84
Dismissed
Aug 2, 2019
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗Benchmarking - LL84
Dismissed
May 2, 2019
FAILURE TO FILE BENCHMARKING REPORT OF ENERGY USE AS PER AD. CODE SEC. 28-309.4
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 18, 2019
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 18, 2019
BIS ↗EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
Dismissed
Dec 1, 2016
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2015 INSPECTION/TEST
BIS ↗EVCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
Dismissed
Dec 1, 2016
VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2015 INSPECTION/TEST
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 12, 2016
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Apr 12, 2016
BIS ↗LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Dismissed
Mar 3, 2015
VIOLATION ISSUED FOR FAILURE TO FILE ANNUAL BOILER 2013 INSPECTION REPORT
BIS ↗LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Dismissed
Mar 3, 2015
VIOLATION ISSUED FOR FAILURE TO FILE ANNUAL BOILER 2013 INSPECTION REPORT
BIS ↗ACC1-(OTHER BLDGS TYPES) - ELEVATOR AFFIRMATION OF CORRECTION ELEVATORREQUIRED
Dismissed
May 30, 2014
VIO ISSUED TO ELEVATOR - FAIL TO CORRECT DEFECTS ON 2012 CAT 1 INSP/TST
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Mar 5, 2013
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 1, 2012
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jun 1, 2012
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 27, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 27, 2011
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 27, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Aug 27, 2010
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 27, 2007
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jul 14, 2006
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jan 4, 1999
1P31596
BIS ↗E-ELEVATOR ELEVATORREQUIRED
Resolved
Jan 4, 1999
1F5452
BIS ↗DOB complaints — total 3 · open 0 · closed 3
No HPD violations on file.
Deed & identifiers
SBL1013650016
SWIS620100
Parcel ID6201001013650016
Who owns 425 East 53 Street?
425 East 53 Street, Manhattan is owned by Rakema Holdings, LLC per the 2025 NYS assessment roll. It last sold for $30,720,000 in Apr 2015.
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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