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560 5 Avenue

560 5 Avenue is a property in Manhattan (BBL 1-1261-41), classified as commercial & office, built in 1907, owned by MAJOR CAPITAL, LLC. Crezly estimates about $24.7M in outstanding mortgage debt secured against it. The building has about 13,580 square feet across 5 units. It last recorded a sale of $38M on 2023-12-18.

$38MLast recorded sale
$24.7MEst. outstanding debt
13,580Building sqft
5Units

Building facts

Land useCommercial & office
Building classO5
Zoning districtC5-3
Year built1907 (altered 1965)
Floors5
Total units5
Building area13,580 sqft
Lot area2,541 sqft
Built FAR5.34 of 15.00 max
Assessed value$10.32M

This lot appears to carry roughly 24,546 sqft of unused development rights (the gap between its built and maximum FAR). What is FAR?

Ownership

The recorded owner is MAJOR CAPITAL, LLC. Crezly estimates about $24.7M in outstanding mortgage debt secured against this property.

Location

This building is in Midtown, Manhattan. See the neighborhood's recent sales, median prices and top owners.

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Compiled by Crezly from New York City public records (ACRIS deeds & mortgages, PLUTO tax-lot data). Estimated debt is derived from recorded mortgages and may not reflect paydowns or the most recent transactions. Not legal, financial or investment advice.