509 LEXINGTON AVENUE
BBL 1013020051 · Class H1 · Built 1929 · 25 floors · LEXINGTON HOTEL OWNER LLC
509 LEXINGTON AVENUE is a property in New York City zoned C6-6. The C6-6 classification is Commercial C6-6. The structure was built in 1929. It has 25 floors. The building contains 314,568 square feet. Built FAR is 17.95 of 10 maximum allowed. Assessed value is $56,264,850. Last sold for $173,460,035.82 in July 2021. Located in Council District 4.
You can build 263K sf as-of-right. The lot uses 120% of it today.
Governing use: commercial at FAR 15.00 on a 17,522 sqft lot. As-of-right means no rezoning, no variance — figures from PLUTO; verify with a zoning attorney before you underwrite.
The envelope, itemized
Every time the city discussed this parcel
No development cases on file for this parcel
When a ULURP, BSA, or landmark application touches this lot, it appears here with its full hearing trail.
Ownership chain
6 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Jul 9, 2021 | DEED | $173,460,035.82 | DIAMONDROCK NY LEX TENANT, LLC→LEXINGTON HOTEL OWNER LLC |
| Jun 17, 2011 | DEED | $333,700,000 | LEXINGTON HOTEL, LLC→DIAMONDROCK NY LEX OWNER, LLC |
| Nov 15, 1999 | DEED | — | LEXINGTON HOTEL REALESTATE, LLC→LEXINGTON HOTEL, LLC |
| Sep 13, 1999 | DEED | — | LEXTAJ CORPORATION N.V.→SHAP-LEX CORP. |
| Sep 13, 1999 | DEED | — | SHAP-LEX CORP.→LEXINGTON HOTEL REALESTATE LLC. |
| Sep 25, 1981 | DEED | — | HOTEL LEXINGTON ASSOCS→LEXTAJ CORP NV |