NAVARRE 500 BUILDING ASSOCIATES
NT 10-Q, 2000-11-16
OPERATORS OF NONRESIDENTIAL BUILDINGS
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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING



	SEC File Number: 0-2673
Cusip Number:
		 (Check One):

[  ]Form 10-K and Form 10-KSB		[  ] Form 20-F
[  ] Form 11-K					[XX] Form 10-Q and Form 10-QSB
[  ] Form N-SAR

For Period Ended: September 30, 2000

[  ]	Transition Report on Form 10-K
[  ]	Transition Report on Form 20-F
[  ]	Transition Report on Form 11-K
[  ]	Transition Report on Form 10-Q
[  ]	Transition Report on Form N-SAR
	For the Transition Period Ended:_________________

Read attached Instruction Sheet Before Preparing Form.
Please Print or Type.

Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates:
___________________________________

Part I - Registrant Information

Navarre-500 Building Associates
Full Name of Registrant

_____________________________
(Former Name if Applicable)

60 East 42nd Street
Address of Principal Executive Office
(Street and Number)

New York, New York 10165
City, State and Zip Code

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed (Check box if
appropriate)

 (a)	The reasons described in reasonable detail in Part III
      of this form could not be eliminated without unreasonable
    [ effort or expense;
    [
    [ (b)	The subject annual report, semi-annual report,
    [ transition report on Form 10-K, Form 20-F, 11-K or Form
    [ N-SAR, or portion thereof will be filed on or before the
[X] [ fifteenth calendar day following the prescribed due date; or
    [ the subject quarterly report or transition report on Form
    [ 10-Q, or portion thereof will be filed on or before the
    [ fifth calendar day following the prescribed due date; and
    [
    [ (c)	The accountant's statement or other exhibit required by
      Rule 12b-25(c) has been attached if applicable.

Part III - Narrative

State below in reasonable detail the reasons why Form 10-K and
Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the
transition report or portion thereof could not be filed within the
prescribed period.


	 We are awaiting financial information regarding Registrant.

Part IV - Other Information

(1)	Name and telephone number of person to contact in regard to
this notification

Mark Labell, Esq.  			 (212) 850-2677
	(Name)			(Area Code)(Telephone Number)

(2)	Have all other periodic reports required under section 13 or
15(d) of the Securities Exchange Act of 1934 or section 30 of
the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was
required to file such report(s) been filed?  If the answer is
no, identify report(s).
								[XX] Yes	[  ] No

(3)	Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?

								[  ] Yes	[XX] No

If so:  attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.


Navarre-500 Building Associates
(Name of Registrant as specified in charter)


has caused this Notification to be signed on its behalf by
the undersigned thereunto duly authorized Attorney-in-Fact
for Registrant and each of the Partners in Registrant,
pursuant to Powers of Attorney, dated August 6, 1996 and
May 14, 1998, and attached hereto as Exhibit 1.

Dated: November 15, 2000


					NAVARRE-500 BUILDING ASSOCIATES
						(Registrant)


					By: /s/Stanley Katzman
				  	     Stanley Katzman,
					     Attorney-in-Fact





										EXHIBIT 1

NAVARRE-500 BUILDING ASSOCIATES

FILE NO. 0-2673

POWER OF ATTORNEY

		We, the undersigned general partners of Navarre-500
Building Associates ("Associates"), hereby severally constitute
and appoint Stanley Katzman and Richard A. Shapiro and each of
them, individually, our true and lawful attorneys with full power
to them and each of them to sign for us, and in our names and in
the capacities indicated below on behalf of Associates, any and
all reports or other statements required to be filed with the
Securities and Exchange Commission under Section 13 or 15(d) of
the Securities Exchange Act of 1934.

	Signature		Title		Date


/s/Peter L. Malkin
   Peter L. Malkin		General Partner	August 6, 1996


/s/Thomas N. Keltner, Jr.
   Thomas N. Keltner, Jr.	General Partner	May 14, 1998

STATE OF NEW YORK	)
					: ss.:
COUNTY OF NEW YORK		)


		On the 6th day of August, 1996 before me personally came
PETER L. MALKIN, to me known to be the individual described in and
who executed the foregoing instrument, and acknowledged that he
executed the same.
   /s/ Notary Public
	  NOTARY PUBLIC
STATE OF NEW YORK	)
				: ss.:
COUNTY OF NEW YORK	)


		On the 14th day of May, 1998 before me personally came
THOMAS N. KELTNER, JR., to me known to be the individual described
in and who executed the foregoing instrument, and acknowledged
that he executed the same.
   /s/ Notary Public
	  NOTARY PUBLIC


(3)	Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal
year will be reflected by the earnings statements to be
included in the subject report or portion thereof?

								[  ] Yes	[XX] No

If so:  attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state
the reasons why a reasonable estimate of the results cannot
be made.


Navarre-500 Building Associates
(Name of Registrant as specified in charter)


has caused this Notification to be signed on its behalf by
the undersigned thereunto duly authorized Attorney-in-Fact
for Registrant and each of the Partners in Registrant,
pursuant to Powers of Attorney, dated August 6, 1996 and
May 14, 1998, and attached hereto as Exhibit 1.

Dated: November 15, 2000


					NAVARRE-500 BUILDING ASSOCIATES
						(Registrant)


					By:___________________________
				  	   Stanley Katzman,
					    Attorney-in-Fact











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