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127 Prince Street

569Records
17City systems
0Open violations
5Penalty rate
Manhattan · ZIP 10012 · Neighborhood: SoHo-Little Italy-Hudson Square
Open in the map

569 recorded events, 1900–2026, from 17 city data systems. The city's paper trail here is mostly 175 311 service requests, 105 DOB permits, 84 DOB job filings.

BoroughManhattan 10012
Built1893
Floors7
Res. units12
ClassD0
Owner (PLUTO)PRINCE WOOSTER CORP
BBL1005150037
BIN1008017

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 75% 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 5. 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

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

No heat or hot-water complaints in the last three years.

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

What 311 hears from this address

41 service requests in the last three years. Most common: Noise (9) · Taxi Complaint (7) · Illegal Parking (4) · For Hire Vehicle Complaint (3) · Obstruction (3) · Homeless Person Assistance (3).

Filed construction activity

$4,378,093 in permitted construction work filed since 2016 (53 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 (1893)
YesSix or more residential units (12)
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)PRINCE WOOSTER CORP.
Head officerPHILIPP MICHALS
Managing agentDERMER MANAGEMENT
Last registered2025-08-14

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$10,153,000 $4,568,850
2026$11,413,000 $5,135,850
2027$12,293,000 $5,531,850

The city's market estimate has risen 21% between tax years 2025 and 2027.

For property tax, the Department of Finance values this co-op as if it were a rental building. Its 2022 estimate: gross income $1,788,598 a year ($54.33 per sq ft), operating expenses $524,761 ($15.94 per sq ft), net operating income $1,263,837. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.

Building systems

Heating fuelNO2FUEL
Facade (Local Law 11)SAFE (cycle 9)

Flood exposure

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

Hurricane evacuation zone 5 of 6 — zone 1 evacuates first.

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

2 street-flooding or sewer-backup complaints at this address since 2015 (0 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.

Getting around

SubwayPrince St — R W · 750 ft straight-line (about a 4-minute walk) · station accessibility: none
Bleecker St — 6 B D F M · 1,000 ft straight-line (about a 5-minute walk) · station accessibility: full
BusNearest boarding stop: West Houston St / West Broadway — M21 · 400 ft
Citi BikeGreene St & Prince St · 300 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 003 Charrette School
Middle: M.S. 297. 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

127 Prince Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Anything elseAnything else

41 311 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.

The landlord's report card

Managed by DERMER MANAGEMENT — 23 buildings, 712 units. Grades across the portfolio: A20 · B1 · C1. See the whole portfolio

BuildingBoroughUnitsGrade
900 Park Avenue MN124 A
114 West Street BK93 A
92 Horatio Street MN66 A
345 East 77 Street MN60 A
2 King Street MN40 A
137 East 28 Street MN37 A
140 East 52 Street MN32 A
22 Irving Place MN29 A
104 East 37 Street MN29 A
141 Wooster Street MN28 A
407 East 12 Street MN27 A
356 West 36 Street MN26 A
64 Grand Street MN22 A
476 Broadway MN22 A
138 West 124 Street MN21 A
361 West 36 Street MN18 A
127 Prince Street MN12 A
110 East 37 Street MN8 A
40 East 72 Street MN7 A
716 Madison Avenue MN4 B
1101 Lexington Avenue MN4 C
336 Lexington Avenue MN3 A
119 West 22 Street MN0 —

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $250,000 on 1998-08-13 (lender: National Consumer Cooperative Bank). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2024-05-23RPTT&RET $2,050,000 — from TIERNEY, HANNE; TIERNEY-WANG, A/K/A HANNE to MEHTA, NIMAY $2,050,000
2024-05-15Sold for $2,050,000 $2,050,000 $170,833
2023-08-28RPTT&RET $1,450,000 — from NILANI TRENT TRUST; TRENT, TRUSTEE, NILANI to ABEDI, TRUSTEE, HAMID R; HAMID R. ABEDI LIVING TRUST $1,450,000
2023-08-18Sold for $1,450,000 $1,450,000 $120,833
2022-08-05RPTT&RET $1,425,000 — from BRUNIALTI, ALESSANDRA to ABRAHAM, REGINA; ABRAHAM, JOSHUA $1,425,000
2022-07-19Sold for $1,425,000 $1,425,000 $118,750
2021-07-16RPTT&RET $5,200,000 — from SASSOON, RHONDA to MICHALS, PHILLIP; MICHALS, SABRINA $5,200,000
2021-06-30Sold for $5,200,000 $5,200,000 $433,333
2019-12-05RPTT&RET $3,825,000 — from THE STEPHEN KUZMA TRUST; GUIMOND AS SUCCESSOR TRUSTEE, JEFFREY to MEHTA, NIMAY $3,825,000
2019-11-12Sold for $3,825,000 $3,825,000 $318,750
2019-06-06RPTT&RET $5,450,000 — from CHUN, EUNU; KIM, LISA to KALBORG, EDWARD; NEIDICH, MALLORY $5,450,000
2019-05-30Sold for $5,450,000 $5,450,000 $454,167
2017-03-01RPTT&RET $2,100,000 — from DOWD, IRENE to SEID, MICHAEL $2,100,000
2017-02-17Sold for $2,100,000 $2,100,000 $175,000
2014-06-25RPTT&RET $5,800,000 — from CEGLIC, JACK to SASSOON, RHONDA $5,800,000

Ten-year activity

100500
2017
2018
76
2019
2020
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
2017401321332
201812170727
20193212244476
2020225430272
20216592325
20221062110
2023144142539
2024160202947
202514071224
2026101480234
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The full timeline

Construction 189Enforcement 83Housing & tenants 190Ownership & money 31Health & systems 76

Every one of the 569 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