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5 Spring Street

1,547Records
20City systems
40Open violations
296.3Penalty rate
Manhattan · ZIP 10012 · Neighborhood: SoHo-Little Italy-Hudson Square
Open in the map

1,547 recorded events, 1900–2026, from 20 city data systems. The city's paper trail here is mostly 737 311 service requests, 337 HPD complaints, 174 HPD housing violations.

BoroughManhattan 10012
Built1900
Floors5
Res. units21
ClassC7
Owner (PLUTO)5 SPRING PROPERTY OWNER LLC
BBL1004920041
BIN1007409, 1086629

Full record, year by year   Support this site

GRADE C

A meaningful record of code violations or complaints relative to its peers. More recorded distress than 94% 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 296.3. In ZIP 10012, 65% of residential buildings hold an A and 5% 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

Open HPD violations40 total — 12 class C (immediately hazardous), 21 class B, 7 class A. Oldest open since 2013-03-04.

status snapshot refreshed weekly from HPD records

Patterns

279 heat or hot-water complaints in the last three years (winter 2023–24: 67 · winter 2024–25: 106 · winter 2025–26: 100). Repeated winter clusters suggest a chronic heating problem.

67
’23–24
106
’24–25
100
’25–26

No bedbug-infested units reported in the last three years of filings.

$1,750 in enforcement penalties imposed (ECB/OATH) in the last three years.

What 311 hears from this address

247 service requests in the last three years. Most common: HEAT/HOT WATER (127) · Noise (49) · UNSANITARY CONDITION (14) · PAINT/PLASTER (9) · PLUMBING (8) · SAFETY (6).

Filed construction activity

$1,349,100 in permitted construction work filed since 2016 (16 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 (1900)
YesSix or more residential units (21)
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)5 SPRING PROPERTY OWNER LLC
Head officerDAVID GLEITMAN
Managing agentTARGO MANAGEMENT
Last registered2025-09-29

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$4,700,000 $2,115,000
2026$4,997,000 $2,248,650
2027$4,108,000 $1,848,600

The city's market estimate has fallen 13% between tax years 2025 and 2027.

Building systems

Heating fuelNATURALGAS

Restaurants in this building

RestaurantCuisineGradeNotes
Delta CharlieNot 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).

Not in a hurricane evacuation zone.

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

SubwayBowery — J Z · 450 ft straight-line (about a 2-minute walk) · station accessibility: none
Spring St — 6 · 750 ft straight-line (about a 4-minute walk) · station accessibility: none
BusNearest boarding stop: Bowery / Spring St — M103 · 250 ft
Citi BikeKenmare St & Elizabeth St · 350 ft · station location as of 2026-09-23; live availability
Bike facilityShared bike route mapped within 75 ft
School zones (2024–25 map)Elementary: P.S. 130 Hernando De Soto
Middle: M.S. 131. 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

5 Spring 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

247 311 service requests from this address in the last three years — 127 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 TARGO MANAGEMENT — 22 buildings, 259 units. Grades across the portfolio: A6 · B10 · C2 · D3 · F1. See the whole portfolio

BuildingBoroughUnitsGrade
185 East Houston Street MN31 A
640 Broadway MN21 B
5 Spring Street MN21 C
227 West 20 Street MN20 B
96 Orchard Street MN18 A
156 Orchard Street MN16 B
661 Washington Street MN15 A
126 1 Avenue MN11 A
326 East 4 Street MN10 B
519 East 6 Street MN10 B
225 West 20 Street MN10 B
328 East 4 Street MN10 B
321 West 16 Street MN10 B
184 Stanton Street MN9 C
182 Stanton Street MN8 A
186 Bleecker Street MN8 B
153 Avenue C MN8 B
201 2 Avenue MN8 A
110 Reade Street MN5 D
38 Carmine Street MN5 D
111 Reade Street MN4 F
41 8 Avenue MN1 D

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $3,200,000 on 2007-02-16 (lender: Yardville National Bank). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2023-08-03Deed $10,000,000 — from NG23, LLC; AVIV ASSOCIATES, LLC to 5 SPRING PROPERTY OWNER LLC $10,000,000
2023-07-26Sold for $10,000,000 $10,000,000 $476,190
2023-04-05AL&R $3,618,621 — from AVIV ASSOCIATES, LLC to BNB BANK, F/K/A THE BRIDGEHAMPTON NATION; DIME COMMUNITY BANK, SUCCESSOR BY MERGER $3,618,621
2023-04-05Agreement $3,618,621 — from AVIV ASSOCIATES, LLC to DIME COMMUNITY BANK, SUCCESSOR BY MERGER; BNB BANK, F/K/A THE BRIDGEHAMPTON NATION $3,618,621
2013-04-11AL&R $4,600,000 — from AVIV ASSOCIATES, LLC to BRIDGEHAMPTON NATIONAL BANK $4,600,000
2013-04-11M&CON $4,600,000 — from AVIV ASSOCIATES, LLC to BRIDGEHAMPTON NATIONAL BANK $4,600,000
2011-09-29AL&R $2,887,500 — from AVIV ASSOCIATES, LLC to MANUFACTURERS AND TRADERS TRUST COMPANY $2,887,500
2011-09-29Deed $3,850,000 — from MRAJ SPRING STREET LLC to AVIV ASSOCIATES LLC $3,850,000
2011-09-29Agreement $2,887,500 — from AVIV ASSOCIATES, LLC to MANUFACTURERS AND TRADERS TRUST COMPANY $2,887,500
2011-07-27AMTX $3,675,000 — from MRAJ SPRING STREET LLC to ROMA BANK $3,675,000
2009-06-03Agreement $3,675,000 — from MRAJ SPRING STREET LLC to ROMA BANK $3,675,000
2007-02-16AL&R $3,200,000 — from MRAJ SPRING STREET, LLC to YARDVILLE NATIONAL BANK $3,200,000
2007-02-16Deed $3,800,000 — from TANG CHAU CORP. to MRAJ SPRING STREET, LLC $3,800,000
2007-02-16Mortgage $3,200,000 — from MRAJ SPRING STREET, LLC to YARDVILLE NATIONAL BANK $3,200,000
1986-03-25Mortgage $60,000 — from CHAU, WOON KUEN; TANG, CHUEN to BANK OF CHINA $60,000

Ten-year activity

5002500
2017
2018
2019
2020
2021
2022
2023
2024
204
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
201707290238
201851120220
201903460453
202001190121
202100240327
202201200223
20237128885120
202421414502163
202514018802204
20263413302142
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The full timeline

Construction 88Enforcement 115Housing & tenants 1,269Ownership & money 40Health & systems 35

Every one of the 1,547 recorded events, 1900–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10012 · Landlord rankings · How grades work · The map · The Mice Map