UBS Building NYC and Nearby Subway Stations

The UBS Building in NYC is a prominent skyscraper located in Midtown Manhattan. It's situated at 599 Lexington Avenue.

The building is easily accessible by public transportation, with several subway stations nearby. The closest stations are 51st Street and Lexington Avenue, served by the E and M trains, and Grand Central – 42nd Street, served by multiple lines.

Walking from the UBS Building to Grand Central is a breeze, taking just a few minutes. You'll pass by the iconic New York Public Library along the way.

You can get to Ubs Building in Manhattan using various public transit lines. The nearest subway stations are 49 St, 6 Av/W 51 St, 7 Av/W 50 St, W 50 St/7 Av, and 50 St.

To get to Ubs Building, you can take the subway lines 1, B, D, F, W, N, Q, R, 2, FX, or M. You can also take the train on the FAR ROCKAWAY BRANCH or PATH.

Here are some of the bus lines that pass near Ubs Building: BM2, BXM8, M1, M104, M5, M50, M7, QM10, QM12, QM15, QM16, and QM17.

If you're planning to visit Ubs Building in NYC, you'll want to know about the bus lines that stop nearby. The closest bus stops are at 6 Av/W 51 St, just a 2 min walk away. This stop is served by several bus lines, including BM2, BXM8, M1, M104, M5, M50, and M7.

The M104 is the first bus that goes to Ubs Building in Manhattan, stopping nearby at 3:05 AM. The M7 is the last bus that goes to Ubs Building in Manhattan, stopping nearby at 3:09 AM.

Here are some of the bus lines that stop near Ubs Building:

Note that the bus lines and schedules may be subject to change, so it's always a good idea to check with the MTA or a transit app like Moovit for the most up-to-date information.

The UBS building sale in NYC is a shocking example of how quickly property valuations can drop. The building at 135 W. 50th St. was sold for $8.5 million, a 97.5% loss from its original price of $332 million.

The building was originally bought by UBS in 2006 for $332 million, and it's now just 35% occupied. The new owner will have to deal with a ground lease worth $221 million.

The ground lease has been a major issue for office buildings since the pandemic, as monthly rent payments often exceed the revenue generated by the property. In some cases, building owners have stopped making debt service payments and struggled to keep up with ground rent payments.

The property was listed on the online auction site Ten-X, which is usually used for lower-quality, middle-market properties, not big-time assets like this one. The two-day auction kicked off with a starting bid of $7.5 million and ended with the sale of the building for $8.5 million.

The new owner may choose to convert the building to residences or tear it down and build new, but it would be difficult to convert due to its 10-foot ceilings, randomly placed columns, and location in the middle of the block.