106 recorded events, 1969–2026, from 14 city data systems. The city's paper trail here is mostly 32 ACRIS deeds & mortgages, 23 311 service requests, 12 rodent inspections.
Full record, year by year Support this site
A modest record — below the level that usually signals systemic problems. More recorded distress than 77% 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 71.5. In ZIP 10014, 69% of residential buildings hold an A and 5% grade D or F. How grades work
Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 2 total — 0 class C (immediately hazardous), 2 class B, 0 class A. Oldest open since 2024-05-22. |
status snapshot refreshed weekly from HPD records
8 heat or hot-water complaints in the last three years (winter 2024–25: 2 · winter 2025–26: 4). Repeated winter clusters suggest a chronic heating problem.
No bedbug-infested units reported in the last three years of filings.
12 service requests in the last three years. Most common: HEAT/HOT WATER (4) · Illegal Parking (3) · Homeless Person Assistance (1) · UNSANITARY CONDITION (1) · FLOORING/STAIRS (1) · DOOR/WINDOW (1).
No permitted work with a declared cost filed in the last decade. Permit costs cover filed construction work only — they do not capture routine maintenance or repairs done without a permit.
| Yes | Built before 1974 (1858) |
| Yes | Six or more residential units (8) |
| No | 421-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 owner(s) | CHERRY LANE THEATRE LLC |
| Head officer | TONY BRANNAN |
| Managing agent | MD Squared Property Group |
| Last registered | 2025-08-25 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $7,712,000 | $3,470,400 |
| 2026 | $8,226,000 | $3,701,700 |
| 2027 | $8,673,000 | $3,902,850 |
The city's market estimate has risen 12% between tax years 2025 and 2027.
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.
| Subway | Houston St — 1 · 900 ft straight-line (about a 5-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: 7 Av South / Bedford St — M20 · 350 ft |
| Citi Bike | Barrow St & Hudson St · 400 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.
42 Commerce 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 |
12 311 service requests from this address in the last three years — 4 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.
Managed by MD SQUARED PROPERTY GROUP — 110 buildings, 3,031 units. Grades across the portfolio: A80 · B21 · C6 · D2. See the whole portfolio
showing 60 of 110 buildings
Most recent mortgage recorded against this lot: $7,600,000 on 2026-01-08 (lender: East West Bank), covering 3 lots — the amount covers all of them. Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2026-01-08 | AL&R $20,000,000 — from CHERRY LANE VENUE LLC to EAST WEST BANK | $20,000,000 | |
| 2026-01-08 | Agreement $20,000,000 — from CHERRY LANE VENUE LLC to EAST WEST BANK | $20,000,000 | |
| 2026-01-08 | Mortgage $7,600,000 — from CHERRY LANE VENUE LLC to EAST WEST BANK | $7,600,000 | |
| 2023-05-05 | CORRM $3,957,450 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $3,957,450 | |
| 2023-05-05 | CORRM $6,208,000 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $6,208,000 | |
| 2023-05-05 | CORRM $2,334,550 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $2,334,550 | |
| 2023-03-08 | Mortgage $2,334,500 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $2,334,500 | |
| 2023-03-08 | Mortgage $3,957,450 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $3,957,450 | |
| 2023-03-08 | Mortgage $6,208,000 — from CHERRY LANE VENUE LLC to NORTHERN BANK & TRUST COMPANY | $6,208,000 | |
| 2023-03-03 | Deed $10,026,429 — from THE LITTLE GODDESS, INC. to CHERRY LANE VENUE LLC | $10,026,429 | |
| 2023-02-28 | Sold for $10,026,429 | $10,026,429 | $1,253,304 |
| 1997-08-26 | Mortgage $1,500,000 — from LITTLE GODDESS, INC. to WILLIAMS, MARK A. | $1,500,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 0 | 0 | 2 | 0 | 1 | 3 |
| 2018 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2019 | 0 | 1 | 7 | 0 | 1 | 9 |
| 2020 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 2 | 0 | 2 | 4 |
| 2023 | 0 | 0 | 3 | 15 | 1 | 19 |
| 2024 | 1 | 0 | 20 | 0 | 1 | 22 |
| 2025 | 0 | 0 | 4 | 0 | 0 | 4 |
| 2026 | 0 | 0 | 7 | 7 | 0 | 14 |
Every one of the 106 recorded events, 1969–2026, is laid out year by year in the full report (print-ready).
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