New York  »  Manhattan  »  10016  »  Kips Bay

500 2nd Avenue, New York, NY 10016

Kips Bay, Midtown Manhattan, Manhattan
Building in Kips Bay
28 Stories
894 Units
Built in 1975
500 2nd Avenue - Photo 1
500 2nd Avenue, Apt 10B
Kips Bay, Midtown Manhattan, Manhattan
$3,975
|
Studio
|
1 Bath
By Jonny Borochov
No Fee
500 2nd Avenue - Photo 1
500 2nd Avenue, Apt 6A
Kips Bay, Midtown Manhattan, Manhattan
$8,355
|
4 Bed
|
2 Bath
By Jonny Borochov
No Fee
500 Second Avenue - Photo 1
500 2nd Avenue, Apt APT 13E
Kips Bay, Midtown Manhattan, Manhattan
$3,499
|
Studio
|
1 Bath
By Issy Leiter
500 2nd Avenue #5F - Photo 1
500 2nd Avenue, Apt 5F
Kips Bay, Midtown Manhattan, Manhattan
$6,745
|
3 Bed
|
1.5 Bath
By Jason Bauer
No Fee
Welcome to 500 2nd Avenue, a building located in Kips Bay, Midtown Manhattan, Manhattan in New York, NY. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1975. This is a relatively tall building with a total of 28 floors. From what we gather, there are a total 894 residential units. Finally, 500 2nd Avenue was most recently sold on Dec 8, 2016 for $620,000,000. The market value for the land that the building sits on has been listed at $27,701,000. In addition, improvements upon the building have an added value of $215,531,000. In total, the total market value of the property as a whole is $243,232,000. According to local assessors, the total value of the building is currently valued at $96,582,600. Specifically, the value of the land that the property sits on has been assessed at $12,465,450. The building was last assessed in 2023. There are another one buildings located on the same land that 500 2nd Avenue was built on.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. Are you a fan of fireplaces? Good news! This property has one single fireplace. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Doorman
Elevator
Fitness Center
Laundry In Building
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
1975
Effective Year Built
1975
Building Count
8
Bedroom Count
0
Building Condition
unknown
Building Quality
unknown
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
unknown
Floor Count
28
Total Unit Count
902
Living Units
902
Residential Unit Count
894
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
Garage
Garage Square Area
106,207
Parking Space Count
333
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Location Influence Type
unknown
Unit Count
Building Floor Area
Residential Building Floor Area
689,200
Commercial Building Floor Area
139,824
Office Building Floor Area
6,698
Garage Building Floor Area
106,207
Retail Building Floor Area
26,919
Floor Area Ratios
Building Area Source
2
Building
Building Type
unknown
Property Class
Commercial
Lot Type
3
Land Acres
3.256
Land Use
04
Standard Land Use Code
Retail/residential (mixed use)
County Land Use Code
unknown
Irregular Lot Code
Y
Extension Code
N
Sanborn Map Number
104 010
Ownership
Current Owner's Name
BPP KIPS BAY HOLDING LLC
Neighborhood
Census Block
8002
Community District
106
City Council District
2
Police Precinct
13
Fire Company
E016
Health Area
5800
Sanitation District Borough
1
Sanitation Subsection
1B
School District
02
School District Name
New York City Department Of Education
School Tax School District
MANHATTAN
Census Tract
006600
Census Block Code
9000
Census Group
9
Census Year
2018
Census - Combined Statistical Area - Area Code
408
Census - Combined Statistical Area - Area Name
New York-Newark, NY-NJ-CT-PA
Census - County FIPS
36061
Census - Full FIPS
360610066009000
Census - Metropolitan Division - Area Code
35614
Census - Metropolitan Division - Area Name
New York-Jersey City-White Plains, NY-NJ
Census - Metro Micro Statistical Area - Area Code
35620
Census - Metro Micro Statistical Area - Area Name
New York-Newark-Jersey City, NY-NJ-PA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
3651000
Census Source
US Census Bureau
Census State FIPS
36
Census Tract 2010
0066
Census Tract Code
006600
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3620580
School District - Unified - Name
New York City Department Of Education
Zoning
Split Boundary Zone Indicator
Y
Zoning
R8
Zoning District 2
C1-8
Special Purpose District 1
TA
Zoning Map Number
8d
Geography
Account Number
1-00934-0001
District
06
Section
309
Parcel
00934-0001
Borough Name
MN
Borough Code
1
Block
934
Lot
1
Lot Code
unknown
Borough Block Lot
1009340001
Latitude
40.7406
Longitude
-73.9783
FIPS
36061
Mailing Carrier Code
C028
Mailing Full Street Address
276 1ST AVE
Mailing House Number
276
Mailing Street Mode
AVE
Mailing Street
1ST
Mailing 4-Digit Zip Code
1819
Geo Status Code
unknown
X Coordinates
990280
Y Coordinates
209093
Valuation
Timestamp
2024-02-26 21:20:57
UCID Flag
C
Pluto Map ID
1
More About The Building
In total, the building area is listed as 829,024 square feet. To break it down, the depth of the building was measured at 172 square feet and the front is listed as 235 square feet. In comparison, the lot area is listed as 141,836 square feet. The depth of the property lot was measured at 185 square feet and the front at 693 square feet. The building itself has 829,024 square footage of total floor area. Out of that, 689,200 square footage of floor area is residential. The rest of the space could be utilized as commercial, garage, factory, or alternative use space. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 500 2nd Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Kips Bay area have a median price of $4,700. Those in the 25th percentile, have a price around $4,000. While those in the 75th percentile, have a price around $6,175. Typically, the buildings in this area have a median sqft of 692. That means that the median price per sqft is around $8. In other words, the price per sqft for buildings in the 25th percentile is $7. While the price per sqft for buildings in the 75th percentile is $8. As a breakdown, we've included the following stats:

  • There are currently a total of 165 studio listings. The median price for these types of listings is $3,550. That's $7.76 price per sqft.

  • There are currently a total of 306 one bedroom listings. The median price for these types of listings is $4,343. That's $7.38 price per sqft.

  • There are currently a total of 269 two bedroom listings. The median price for these types of listings is $5,300. That's $7.47 price per sqft.

  • There are currently a total of 172 three bedroom listings. The median price for these types of listings is $6,655. That's $7.87 price per sqft.

  • There are currently a total of 48 four bedroom listings. The median price for these types of listings is $9,208. That's $7.75 price per sqft.
About The Area
500 2nd Avenue is located in 10010. There are 32,854 people living here. There are 16,070 households. Most of these households have an average family size of 2.79 people. According to the census, 73% are currently renting while 27% own their homes. The median age of this population is around 35 years old. On average, most folks in the zipcode are unmarried. About 24% of folks speak a language other than English in this area. The area's employment rate is currently around 67.7%. Speaking of employment, the median income is $110,142. Most folks will commute by public transportation for around 25.5 minutes. Finally, we know that 6% of residents in the area have graduated with their high school degree. Additionally, 40% and 38% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. New York County, New York has a population of 1,634,989 people. Based on census records, there are 753,385 registered households. Families in this area are on average made up of 3.09 people per household. Most folks are unmarried. They are also typically around 36.7 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 77% rent while 23% purchased their homes. Right now, the community is made up of 13% of residents who have graduated with at least a high school degree. On top of that, 32% have a Bachelor's degree and 29% have a Master's degree. The employment rate is currently around 62.9%. Those employed, have a median income of $75,513. If you move here, you can expect to commute mostly by public transportation for around 31.4 minutes.

Finally, let's take a look at the stats related to New York - Newark, NY - NJ - CT Urban Area. The urban area is home to 18,812,161 people. A total of 6,707,347 households are registered here. With average family sizes being listed at 3.42 people. About 25% of residents have graduated with a high school degree. Of the rest, 22% have their Bachelor's and 16% have their Master's degree. Folks speaking a language other than English, make up about 40% of the population. Speaking of your commute, 59.7% of people in this area are employed. The recorded median income is currently at $68,319 per year. The median population age has been listed at 37.8 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 50% of the population while homeowners are at about 50% of the population.
$3,550
Studio Median Rent
$4,343
1BR Median Rent
$5,300
2BR Median Rent
$6,655
3BR Median Rent
PUBLIC TRANSIT
4
6
6X
28 St (0.34 mi - 8 min walk)
MTA New York City Transit
4
6
6X
33 St (0.40 mi - 9 min walk)
MTA New York City Transit
BxM4C
MADISON AVE @ 26TH ST (0.44 mi - 10 min walk)
Bee-Line Bus
Seastreak
East 35th St., NYC (0.44 mi - 11 min walk)
Seastreak
4
6
6X
23 St (0.44 mi - 11 min walk)
MTA New York City Transit

Nearby Schools

(within attendance boundary)
RIVER SCHOOL (THE)  •  0.38 mi
425 E 35th St, New York, NY 10016
Public  •  Elementary  •  Grades PK to 5
New York City Geographic District # 2
JHS 104 SIMON BARUCH  •  0.38 mi
330 E 21st St, New York, NY 10010
Public  •  Middle School  •  Grades 6 to 8
New York City Geographic District # 2
127 E 22nd St, New York, NY 10010
Public  •  High School  •  Grades 6 to 12
New York City Geographic District # 2
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
Similar Buildings
Quantcast