551 5 Avenue
Grand Central, Manhattan
Parcel ID (BBL): 1012810001
Owner: Feil Organization
Debt: November 30, 2022, $20 million
Built: 1927
Renovated: 1990
SF: 427,158
Dwelling units: 0
No. of buildings: 1
Class: Tower Type (O4)
Floors: 38
Transactions:
• Feil Organization and Malkin Holdings borrowed $20 million from Signature Bank for 547 5th Avenue, Grand Central, Manhattan on November 30, 2022.
• Feil Organization and Malkin Holdings borrowed $120 million from Signature Bank for 547 5th Avenue, Grand Central, Manhattan on November 21, 2022.
Development:
• Jeffrey Feil filed major alteration job 124040590 for 427,158 sqft B building with 0 apartments in Grand Central, Manhattan, on December 03, 2024.
• Jeffrey Feil filed major alteration job 123255306 for 427,178 sqft B building with 0 apartments in Grand Central, Manhattan, on November 15, 2017.
• Barry Zimmerman filed alteration job M01228098 for 10,000 sqft COM building with 0 apartments in Grand Central, Manhattan, on March 26, 2026.
• Barry Zimmerman filed alteration job M01231845 for 4,300 sqft COM building with 0 apartments in Grand Central, Manhattan, on October 13, 2025.
• Ali Asgar filed alteration job M01273778 for 1,750 sqft COM building with 0 apartments in Grand Central, Manhattan, on September 08, 2025.
• Barry Zimmerman filed alteration job M01140219 for 3,100 sqft COM building with 0 apartments in Grand Central, Manhattan, on August 21, 2025.
• Barry Zimmerman filed alteration job M01232235 for 18,000 sqft COM building with 0 apartments in Grand Central, Manhattan, on July 22, 2025.
Violations:
According to city public data, the properties have received $2,485 in OATH penalties in the last year.