501 Lexington Avenue, Manhattan, NY 10017
501 Lexington Avenue is a 17-story, 1927 Class B building located in Midtown, currently owned by Rajesh Nair. The building has experienced significant maintenance and safety issues in recent years, particularly in 2024-2025, with multiple complaints regarding heat and hot water systems in November 2024 that HPD was unable to inspect properly. There were also plumbing issues with the water supply during the same period, and three separate bedbug violation notices were issued between 2021-2023 for failure to file annual bedbug reports, though the most recent bedbug filings for 2023-2024 show no reported infestations.
The building has undergone construction work that has led to numerous safety concerns, with multiple violations issued in late 2024 for hazardous conditions including inadequate scaffolding, damaged safety nets, and unsafe construction practices, resulting in fines totaling $17,500. The property has shown some concerning structural and safety issues, particularly in 2024, including reports of building shaking/vibrating in September 2024, though inspections did not find violations at that time. Several sidewalk shed and safety net complaints were investigated, with some resulting in Oath Violations.
The building's management has been cited for failing to maintain proper documentation for energy efficiency reporting requirements in 2021, though one violation was dismissed. Recent rodent inspections (2022, 2025) have generally shown compliance, except for one failed inspection in mid-2022. The building has had multiple renovation and construction permits issued between 2018-2023, with the most recent permits suggesting ongoing maintenance and improvement work at the property.
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Building Characteristics
| Total units | 0 |
|---|---|
| Year built | 1927 |
| Total area | 92501 sq ft |
| Floors | 17 |
| Tax Abatements | None |
| Building Class | HERETOFORE ERECTED EXISTING CLASS B |

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Key Building Statistics
Included Addresses
- 121 East 47th St, New York, NY 10017
- 501 Lexington Ave, New York, NY 10017
- 503 Lexington Ave, New York, NY 10017
- 505 Lexington Ave, New York, NY 10017
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