578 5 Avenue

Midtown West, Manhattan

Parcel ID (BBL): 1012620041

Acris records

Owner: Extell Development

Acquired: April 04, 2025, $175 million

Debt: March 26, 2026, $417 million

Built: 0

Renovated: 2023

SF: 0

Dwelling units: 0

No. of buildings: 0

Class: Not Zoned Residential or Manhattan Below 110 St (V1)

Transactions:

• Extell Development borrowed $417 million from JPMorgan Chase for 576 5th Avenue, 10 West 47th Street, 2 West 47th Street, 562 5th Avenue, 564 5th Avenue, 15 West 46th Street, 572 5th Avenue, 574 5th Avenue, 3 West 46th Street, 570 5th Avenue, 13 West 46th Street, 7 West 46th Street, 11 West 46th Street, 9 West 46th Street, and 5 West 46th Street, Midtown West, Manhattan on March 26, 2026.

• Extell Development borrowed $60 million from JPMorgan Chase for 576 5th Avenue and 15 West 46th Street, Midtown West, Manhattan on April 04, 2025.

• Sae-A Trading Co. sold 576 5th Avenue, Midtown West, Manhattan for $175 million to Extell Development on April 04, 2025.

• Severn Realty Partners sold 576 5th Avenue, Plaza District, Manhattan for $101 million to SJD, LLC on July 13, 2021.

• The lender borrowed $60 million from KEB Hana Bank for 576 5th Avenue, Plaza District, Manhattan on July 13, 2021.

Development:

• Jordan Brill filed major alteration job 122401338 for 57,352 sqft B building in Midtown West, Manhattan, on May 13, 2015.

• Jae Kim filed alteration job M01002698 for 1,500 sqft building with 1 apartments in Midtown West, Manhattan, on February 20, 2024.

• Jae Kim filed alteration job M01002499 for 6,500 sqft 51 building with 1 apartments in Midtown West, Manhattan, on February 09, 2024.

• Mandip Kaur filed alteration job M00927940 for 170 sqft building with 1 apartments in Manhattan, on August 31, 2023.

• Mandip Kaur filed alteration job M00898842 for 5,940 sqft building with 5 apartments in Midtown West, Manhattan, on July 31, 2023.

• Jae Kim filed alteration job M00892485 for 5,041 sqft building with 0 apartments in Midtown West, Manhattan, on July 18, 2023.

Litigation:

• Severn Realty Partners filed a $109,350 lawsuit on April 15, 2021,seeking a money judgment related to retail rentat 576 5 Avenue.

• Severn Realty Partners filed a $120,463 lawsuit on April 15, 2021,seeking a money judgment related to office rentat 576 5 Avenue.

Violations:

According to city public data, the properties have received $75 in OATH penalties in the last year.

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