500 Park Avenue is a property in Manhattan (BBL 1-1294-37), classified as commercial & office, built in 1960, owned by 500 PARK COMMERCIAL OWNER LLC. Crezly estimates about $44.72M in outstanding mortgage debt secured against it. The building has about 103,178 square feet across 13 units. It last recorded a sale of $68.8M on 2025-02-03.
| Land use | Commercial & office |
|---|---|
| Building class | O6 |
| Zoning district | C5-3 |
| Year built | 1960 |
| Floors | 11 |
| Total units | 13 |
| Building area | 103,178 sqft |
| Lot area | 12,553 sqft |
| Built FAR | 8.22 of 15.00 max |
| Assessed value | $20.97M |
This lot appears to carry roughly 85,109 sqft of unused development rights (the gap between its built and maximum FAR). What is FAR?
The recorded owner is 500 PARK COMMERCIAL OWNER LLC — see their full NYC portfolio and estimated debt. Crezly estimates about $44.72M in outstanding mortgage debt secured against this property.
This building is in Midtown, Manhattan. See the neighborhood's recent sales, median prices and top owners.