550 MADISON AVENUE
BBL 1012910010 · Class O4 · Built 1984 · 37 floors · 7 units · OAC 550 OWNER LLC
550 MADISON AVENUE is a property in New York City zoned C5-3. The C5-3 classification is Commercial C5-3. The structure was built in 1984. It has 37 floors. The building contains 685,125 square feet. Built FAR is 18.62 of 10 maximum allowed. Assessed value is $253,538,100. Last sold for $1,400,000,000 in June 2016. Located in Council District 4.
You can build 552K sf as-of-right. The lot uses 124% of it today.
Governing use: commercial at FAR 15.00 on a 36,803 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
9 recorded transfers| Date | Type | Price | From → To |
|---|---|---|---|
| Jun 8, 2016 | DEED | $1,400,000,000 | CLIPPER 550 MADISON OWNER LLC→OAC 550 OWNER LLC |
| Jun 8, 2016 | DEED | — | 550 MADISON FIFTH LLC→CLIPPER 550 MADISON OWNER LLC |
| Mar 21, 2013 | DEED | $1,100,000,000 | 550 MADISON AVENUE TRUST LTD.→550 MADISON FIFTH LLC |
| Dec 28, 2001 | DEED | — | AT&T CORP.→550 MADISON AVENUE TRUST LTD. |
| Dec 24, 1975 | DEED | — | FIFTY-SIX MADISON CORP→195 BROADWAY CORP |
| Dec 10, 1974 | DEED | — | STAHL EQUITIES CORP→FIFTY SIX MADISON CORP |
| Oct 30, 1974 | DEED | — | 55 MADISON REALTY ETAL→STAHL EQUITIES CORP |
| Nov 18, 1969 | DEED | — | SIRNA FRANCES→55 MADISON REALTY CORP. |
| Oct 11, 1967 | DEED | — | ALANFRA REALTY CORP.→SIRNA ALFRED ETAL |