333 recorded events, 1972–2026, from 9 city data systems. The city's paper trail here is mostly 96 311 service requests, 63 ACRIS deeds & mortgages, 36 ECB/OATH violations.
Full record, year by year Support this site
A sustained record of distress well beyond its peers. More recorded distress than 97% of 1-5-unit residential buildings citywide. The citywide median for 1-5-unit residential buildings is 0 penalty points per 10 units; this building carries 81.7. In ZIP 10004, 54% of residential buildings hold an A and 14% grade D or F. How grades work
Among 699,345 1-5-unit residential buildings citywide · left is less recorded distress, right is more
No current HPD flags in the latest weekly snapshot: no open violations, no pending litigation, no active vacate orders, and not in the Alternative Enforcement Program.
No heat or hot-water complaints in the last three years.
No bedbug-infested units reported in the last three years of filings.
$10,000 in enforcement penalties imposed (ECB/OATH) in the last three years.
23 service requests in the last three years. Most common: Illegal Parking (7) · Residential Disposal Complaint (4) · Sidewalk Condition (2) · General Construction/Plumbing (2) · Noise (1) · Green Taxi Complaint (1).
$372,295 in permitted construction work filed since 2016 (14 filings with a declared cost) — a rough measure of how actively the owner maintains the building. Permit costs cover filed construction work only — they do not capture routine maintenance or repairs done without a permit.
| Yes | Built before 1974 (1920) |
| No | Six or more residential units (1) |
| No | 421-a / J-51 tax benefit on the current tax roll |
1 of 3 signals present. Only a partial profile — stabilization is possible but less likely. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).
| Registered owner(s) | 40 WATER STREET LLC |
| Head officer | SIMON BLITZ |
| Managing agent | P11 LLC |
| Last registered | 2025-09-11 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $2,500,000 | $1,125,000 |
| 2026 | $2,656,000 | $1,195,200 |
| 2027 | $2,685,000 | $1,208,250 |
The city's market estimate has risen 7% between tax years 2025 and 2027.
In the FEMA 1%-annual-chance floodplain (2015 preliminary flood maps) — lenders typically require flood insurance here.
Hurricane evacuation zone 1 of 6 — zone 1 evacuates first.
Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.
1 street-flooding or sewer-backup complaints at this address since 2024 (1 in the last three years).
Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.
| Subway | South Ferry — 1 R W · 800 ft straight-line (about a 4-minute walk) · station accessibility: partial Broad St — J Z · 950 ft straight-line (about a 5-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Water St / Broad St — M15 · 250 ft |
| Citi Bike | Broad St & Bridge St · 400 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: The Peck Slip School Middle: J.H.S. 104 Simon Baruch. Confirm with the DOE's school search. |
Distances are straight-line, not walking routes. Transit locations from the MTA and Citi Bike, bike facilities from NYC DOT, school zones from the DOE's 2024–25 maps.
40 Water Street
| Heat or hot water | Heat or hot water |
| Apartment maintenance | Apartment maintenance |
| Bed bugs | Bed bugs |
| Residential pests | Residential pests |
| Rats or mice | Rats or mice |
| Anything else | Anything else |
23 311 service requests from this address in the last three years.
311 will ask for the address, the apartment if the problem is inside, and what's wrong. Contact details are optional for most complaints; food-poisoning reports can be anonymous. Complaints appear in the city's public 311 data, usually within a day or two, and then in the Live from 311 box on this page.
Managed by P11 LLC — 11 buildings, 38 units. Grades across the portfolio: A4 · B2 · C2 · D3. See the whole portfolio
| Building | Borough | Units | Grade |
|---|---|---|---|
| 481 St Marks Avenue | BK | 6 | A |
| 61 4 Avenue | MN | 5 | C |
| 2 Coenties Slip | MN | 4 | D |
| 579 St Marks Avenue | BK | 4 | C |
| 115 Albany Avenue | BK | 4 | A |
| 995 Bergen Street | BK | 4 | B |
| 1459 Pacific Street | BK | 3 | D |
| 1357 Bergen Street | BK | 3 | B |
| 607A Vanderbilt Avenue | BK | 2 | A |
| 1518 Bergen Street | BK | 2 | A |
| 40 Water Street | MN | 1 | D |
Most recent mortgage recorded against this lot: $2,069 on 2024-11-21 (lender: Newtek Bank, National Association). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2024-11-21 | Mortgage $2,070 — from 40 WATER STREET, LLC to NEWTEK BANK, NATIONAL ASSOCIATION | $2,070 | |
| 2024-11-21 | Agreement $4,000,000 — from 40 WATER STREET, LLC to NEWTEK BANK, NATIONAL ASSOCIATION | $4,000,000 | |
| 2024-11-21 | AL&R $4,000,000 — from 40 WATER STREET, LLC to NEWTEK BANK, NATIONAL ASSOCIATION | $4,000,000 | |
| 2023-01-03 | AL&R $4,100,000 — from 40 WATER STREET, LLC to SIGNATURE BANK | $4,100,000 | |
| 2023-01-03 | Agreement $4,100,000 — from 40 WATER STREET, LLC to SIGNATURE BANK | $4,100,000 | |
| 2019-09-05 | M&CON $4,100,000 — from 40 WATER STREET, LLC to SIGNATURE BANK | $4,100,000 | |
| 2019-09-05 | AL&R $4,100,000 — from 40 WATER STREET, LLC to 40 WATER STREET, LLC; SIGNATURE BANK | $4,100,000 | |
| 2015-01-20 | AL&R $3,500,000 — from 40 WATER STREET, LLC to MODERN BANK, N.A. | $3,500,000 | |
| 2015-01-20 | Agreement $3,500,000 — from 40 WATER STREET, LLC to MODERN BANK, N.A. | $3,500,000 | |
| 2015-01-20 | Mortgage $1,662,410 — from 40 WATER STREET, LLC to MODERN BANK, N.A. | $1,662,410 | |
| 2010-11-22 | AL&R $2,000,000 — from 40 WATER STREET, LLC to INVESTORS SAVINGS BANK | $2,000,000 | |
| 2010-11-22 | Mortgage $2,000,000 — from 40 WATER STREET, LLC to INVESTORS SAVINGS BANK | $2,000,000 | |
| 2010-08-09 | Deed $2,248,000 — from P EVANS LLC to 40 WATER STREET, LLC | $2,248,000 | |
| 2009-03-04 | Mortgage $11,500,000 — from P. EVANS LLC; TRIA STEIN, LLC; REVX-570, LLC to 5-33 48TH AVENUE CORP. | $11,500,000 | |
| 2004-07-04 | Mortgage $130,000 — from P. EVANS LLC to WASHINGTON MUTUAL BANK, FA | $130,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 8 | 13 | 6 | 0 | 1 | 28 |
| 2018 | 1 | 9 | 3 | 0 | 6 | 19 |
| 2019 | 2 | 9 | 10 | 5 | 0 | 26 |
| 2020 | 1 | 4 | 14 | 0 | 0 | 19 |
| 2021 | 3 | 15 | 8 | 0 | 3 | 29 |
| 2022 | 0 | 5 | 19 | 0 | 1 | 25 |
| 2023 | 1 | 0 | 2 | 2 | 3 | 8 |
| 2024 | 0 | 5 | 10 | 9 | 1 | 25 |
| 2025 | 7 | 0 | 7 | 0 | 0 | 14 |
| 2026 | 3 | 7 | 6 | 0 | 0 | 16 |
Every one of the 333 recorded events, 1972–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 10004 · Landlord rankings · How grades work · The map · The Mice Map