501 5 Avenue
Grand Central, Manhattan
Parcel ID (BBL): 1012760069
Owner: Abramson Brothers
Debt: February 01, 2023, $17.5 million
Built: 1917
SF: 132,961
Dwelling units: 0
No. of buildings: 1
Class: Tower Type (O4)
Floors: 21
Transactions:
• Abramson Brothers borrowed $17.5 million from JPMorgan Chase for 501 5th Avenue, Grand Central, Manhattan on February 01, 2023.
Development:
• Alan Abramson filed major alteration job 120649405 for 132,961 sqft B building in Grand Central, Manhattan, on April 05, 2011.
• Billie Jean Hamel filed alteration job M01356702 for 100 sqft COM building with 0 apartments in Grand Central, Manhattan, on February 12, 2026.
• Billie Jean Hamel filed alteration job M01356709 for 100 sqft 56 building with 0 apartments in Grand Central, Manhattan, on February 12, 2026.
• Billie Jean Hamel filed alteration job M01356710 for 100 sqft COM building with 0 apartments in Grand Central, Manhattan, on February 11, 2026.
• Billie Jean Hamel filed alteration job M01356576 for 4,806 sqft COM building with 0 apartments in Grand Central, Manhattan, on February 10, 2026.
• Billie Jean Hamel filed alteration job M01307715 for 2,000 sqft COM building with 0 apartments in Grand Central, Manhattan, on October 30, 2025.
Litigation:
• A $2.9 million lawsuit was filed against Katherine Corp on June 29, 2021,seeking a money judgment related to retail rentat 501 5 Avenue.
Violations:
According to city public data, the properties have received $5,150 in OATH penalties in the last year.