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242 East 3 Street

363Records
16City systems
0Open violations
3.7Penalty rate
Manhattan · ZIP 10009 · Neighborhood: East Village
Open in the map

363 recorded events, 1980–2026, from 16 city data systems. The city's paper trail here is mostly 122 311 service requests, 76 ACRIS deeds & mortgages, 37 DOB permits.

BoroughManhattan 10009
Built1910
Floors5
Res. units17
ClassC4
Owner (PLUTO)242 EAST 3RD ASSOCIATES,
BBL1003850026
BIN1004594

Full record, year by year   Support this site

GRADE A

The city's published records show little recorded distress here in the last three years. Less recorded distress than 78% of 6-24-unit residential buildings citywide. The citywide median for 6-24-unit residential buildings is 16.3 penalty points per 10 units; this building carries 3.7. In ZIP 10009, 59% of residential buildings hold an A and 6% grade D or F. How grades work

this building
A
B
C

Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

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.

Patterns

2 heat or hot-water complaints in the last three years (winter 2025–26: 2).

1 bedbug-infested unit(s) reported in filings over the last three years.

What 311 hears from this address

8 service requests in the last three years. Most common: Noise (4) · PLUMBING (2) · Water System (1) · HEAT/HOT WATER (1).

Filed construction activity

$103,072 in permitted construction work filed since 2016 (2 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.

Rent-stabilization signals

YesBuilt before 1974 (1910)
YesSix or more residential units (17)
No421-a / J-51 tax benefit on the current tax roll

2 of 3 signals present. This is the classic profile of a rent-stabilized building (pre-1974, 6+ units) — many units in such buildings remain stabilized. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).

Registered with HPD — the names behind the building

Registered owner(s)242 EAST 3RD ASSOCIATES, L.L.C.
Head officerPETER M POLOW
Managing agentP&G EQUITIES LLC
Last registered2025-11-19

as filed by the owner in the building's HPD registration

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$2,051,000 $922,950
2026$2,154,000 $969,300
2027$2,448,000 $1,101,600

The city's market estimate has risen 19% between tax years 2025 and 2027.

Building systems

Heating fuelNO2FUEL

Restaurants in this building

RestaurantCuisineGradeNotes
Alma MexicanaLatin AmericanNot yet graded—

Report to 311: Food poisoning · Food safety complaint

1 restaurant · 0 with mice evidence · See them on the Mice Map

Flood exposure

Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).

Hurricane evacuation zone 4 of 6 — zone 1 evacuates first.

Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.

No street-flooding or sewer-backup complaints on record at this address.

Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.

Getting around

SubwayDelancey St-Essex St — F J M Z · 0.4 mi straight-line (about a 10-minute walk) · station accessibility: none
BusNearest boarding stop: Avenue C / E 3 St — M9 · 250 ft
Citi BikeE 2 St & Ave C · 400 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: Elementary schools in this district are not zoned. 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.

Report a problem to 311

242 East 3 Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Food poisoningFood poisoning
Food safety complaintFood safety complaint
Anything elseAnything else

8 311 service requests from this address in the last three years — 1 of them about heat or hot water.

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.

The landlord's report card

Managed by P&G EQUITIES LLC — 7 buildings, 92 units. Grades across the portfolio: A5 · B1 · C1. See the whole portfolio

BuildingBoroughUnitsGrade
242 East 3 Street MN17 A
23 Clinton Street MN16 A
1794 3 Avenue MN14 A
1796 3 Avenue MN14 B
1798 3 Avenue MN14 A
177 Avenue B MN10 A
60 Avenue C MN7 C

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $408,484 on 2019-07-24 (lender: Apple Bank For Savings). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2019-07-24Mortgage $408,484 — from 242 EAST 3RD ASSOCIATES, L.L.C. to APPLE BANK FOR SAVINGS $408,484
2019-07-24Agreement $1,700,000 — from 242 EAST 3RD ASSOCIATES, L.L.C. to APPLE BANK FOR SAVINGS $1,700,000
2019-07-24AL&R $1,700,000 — from 242 EAST 3RD ASSOCIATES, L.L.C. to APPLE BANK FOR SAVINGS $1,700,000
2005-03-15Agreement $1,800,000 — from THE DIME SAVINGS BANK OF WILLIAMSBURGH to 242 EAST 3RD ASSOCIATES, LLC $1,800,000
2005-03-15AL&R $1,800,000 — from THE DIME SAVINGS BANK OF WILLIAMSBURGH to 242 EAST 3RD ASSOCIATES, LLC $1,800,000
2005-03-15Mortgage $492,143 to THE DIME SAVINGS BANK OF WILLIAMSBURGH $492,143
2002-02-14Mortgage $434,000 — from 242 EAST 3RD ASSOCIATES, L.L.C. to CITIBANK, NA $434,000
1999-09-20Mortgage $225,000 — from 242 EAST 3RD ASSOCIATES, L.L.C. to EUROPEAN AMERICAN BANK $225,000
1998-11-23Mortgage $154,569 — from 242 EAST 3RD ASSOCIATES, L.L.C. to EAB COMMUNITY DEVELOPMENT CORPORATION $154,569
1997-11-10Mortgage $209,994 — from 242 EAST THIRD STREET ASSOCIATES to EUROPEAN AMERICAN BANK $209,994
1988-05-25Mortgage $315,000 — from 242 E THIRD ST ASSOC to CHEMICAL BANK $315,000
1986-03-19Mortgage $200,000 — from PIGSCO ASSOCIATES to EAST HILLS FUNDING CORP $200,000
1986-02-27Mortgage $35,000 — from PIGSCO ASSOC. to AMALGAMATED BANK/N.Y. $35,000
1985-10-17Mortgage $100,000 — from PIGSCO ASSOCIATES to SHAPIRO, ROBERT $100,000
1985-09-30Mortgage $25,000 — from PIGSCO ASSOCIATES to 242 EAST 3RD ST. ASSOC. $25,000

Ten-year activity

50250
2017
2018
2019
2020
29
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
201750120118
20183090315
20190065314
202002110215
202101260229
202200140317
20230070411
2024002035
20250070310
2026004048
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The full timeline

Construction 50Enforcement 22Housing & tenants 179Ownership & money 76Health & systems 36

Every one of the 363 recorded events, 1980–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10009 · Landlord rankings · How grades work · The map · The Mice Map