132 5 Avenue

Flatiron District, Manhattan

Parcel ID (BBL): 1008200038

Acris records

Owner: Olnick Organization

Debt: March 27, 2025, $0

Built: 1903

SF: 120,000

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 7 to 19 stories (O6)

Floors: 11

Transactions:

• Lone Star Funds on March 27, 2025 bought a loan with an original principal of $77 million from Flagstar Bank, signed by Mitchel A. Baffa, secured by 130 5th Avenue, Flatiron District, Manhattan, when owned by Olnick Organization.

• Olnick Organization borrowed $77 million from New York Community Bank for 130 Fifth Avenue, Flatiron District, Manhattan on August 01, 2022.

• Gould Investors borrowed $25 million from AIG for 130 5th Avenue, Flatiron, Manhattan on June 10, 2020.

Development:

• Seth Schochet filed major alteration job M01262831 for 120,000 sqft E building with 0 apartments in Flatiron District, Manhattan, on October 01, 2025.

• Seth Schochet filed major alteration job 123838348 for 120,000 sqft B building in Flatiron District, Manhattan, on April 05, 2021.

• Seth Schochet filed alteration job M01349641 for 10,288 sqft B building with 0 apartments in Flatiron District, Manhattan, on February 06, 2026.

• Seth Schochet filed alteration job M01335012 for 10,288 sqft B building with 0 apartments in Flatiron District, Manhattan, on January 07, 2026.

• Seth Schochet filed alteration job M01258227 for 1,500 sqft COM building with 0 apartments in Flatiron District, Manhattan, on August 21, 2025.

• Seth Schochet filed alteration job M01258224 for 1,500 sqft COM building with 0 apartments in Flatiron District, Manhattan, on August 21, 2025.

• Seth Schochet filed alteration job M01258218 for 1,500 sqft COM building with 0 apartments in Flatiron District, Manhattan, on August 21, 2025.

Violations:

According to city public data, the properties have received $4,200 in OATH penalties in the last year.

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