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488 7 Avenue

1,230Records
21City systems
27Open violations
17.3Penalty rate
Manhattan · ZIP 10018 · Neighborhood: Midtown-Times Square
Open in the map

1,230 recorded events, 1966–2026, from 21 city data systems. The city's paper trail here is mostly 421 311 service requests, 136 DOB permits, 115 ACRIS deeds & mortgages.

BoroughManhattan 10018
Built1902
Floors13
Res. units104
ClassD6
Owner (PLUTO)488 SEVENTH LLC
BBL1007860042
BIN1014444

Full record, year by year   Support this site

GRADE B

A modest record — below the level that usually signals systemic problems. More recorded distress than 74% of 100+-unit residential buildings citywide. The citywide median for 100+-unit residential buildings is 3.7 penalty points per 10 units; this building carries 17.3. In ZIP 10018, 62% of residential buildings hold an A and 8% grade D or F. How grades work

this building
A
B
C

Among 4,677 100+-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

Open HPD violations27 total — 4 class C (immediately hazardous), 18 class B, 5 class A. Oldest open since 2019-01-12.
Pending HPD litigation1 case(s) pending in housing court

status snapshot refreshed weekly from HPD records

Patterns

26 heat or hot-water complaints in the last three years (winter 2023–24: 8 · winter 2024–25: 6 · winter 2025–26: 10 · winter 2026–27: 2). Repeated winter clusters suggest a chronic heating problem.

8
’23–24
6
’24–25
10
’25–26
2
’26–27

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

$2,500 in enforcement penalties imposed (ECB/OATH) in the last three years.

What 311 hears from this address

123 service requests in the last three years. Most common: Noise (19) · PLUMBING (12) · HEAT/HOT WATER (11) · UNSANITARY CONDITION (10) · WATER LEAK (8) · Indoor Air Quality (8).

Filed construction activity

$1,631,466 in permitted construction work filed since 2016 (41 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 (1902)
YesSix or more residential units (104)
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)488 SEVENTH LLC
Head officerHERSEL TORKIAN
Managing agent488 SEVENTH LLC
Last registered2025-08-24

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$29,468,000 $13,260,600
2026$34,670,000 $15,601,500
2027$33,618,000 $15,128,100

The city's market estimate has risen 14% between tax years 2025 and 2027.

Building systems

Energy grade (LL33)D — ENERGY STAR score 22/100, posted at the entrance by law (2022 disclosure cycle)
Heating fuelNATURALGAS
Facade (Local Law 11)SWARMP — "Safe With A Repair and Maintenance Program": known facade conditions that must be repaired (cycle 10)

Restaurants in this building

RestaurantCuisineGradeNotes
Macaron CafeBakery Products/DessertsA—

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.

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.

Getting around

Subway34 St-Penn Station — 1 2 3 · 550 ft straight-line (about a 3-minute walk) · station accessibility: full
34 St-Penn Station — A C E · 800 ft straight-line (about a 4-minute walk) · station accessibility: full
BusNearest boarding stop: 7 Av / W 36 St — M7 M20 Q32 · 100 ft
Citi BikeW 36 St & 7 Ave · 200 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 051 Elias Howe
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

488 7 Avenue

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

123 311 service requests from this address in the last three years — 11 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.

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $2,301,229 on 2025-06-30 (lender: JPMorgan Chase Bank, N.A.). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2025-06-30Agreement $37,150,000 — from 488 SEVENTH LLC to JPMORGAN CHASE BANK, N.A. $37,150,000
2025-06-30Mortgage $2,301,229 — from 488 SEVENTH LLC to JPMORGAN CHASE BANK, N.A. $2,301,229
2018-07-31Agreement $37,542,000 — from 488 SEVENTH LLC to NEW YORK COMMUNITY BANK $37,542,000
2018-07-31Mortgage $11,348,132 — from 488 SEVENTH LLC to NEW YORK COMMUNITY BANK $11,348,132
2010-07-26Agreement $28,800,000 — from 488 SEVENTH LLC to WALKER & DUNLOP, LLC $28,800,000
2010-07-26Mortgage $3,800,000 — from 488 SEVENTH LLC to WALKER & DUNLOP, LLC $3,800,000
2009-02-11Agreement $25,000,000 — from NEW 488 LLC to NEW YORK COMMUNITY BANK; 488 SEVENTH LLC $25,000,000
2009-02-11AL&R $25,000,000 — from 488 SEVENTH LLC to NEW YORK COMMUNITY BANK $25,000,000
2009-02-11Deed $45,300,000 — from NEW 488 LLC to 488 SEVENTH LLC $45,300,000
2008-12-03AL&R $25,000,000 — from NEW 488 LLC to NEW YORK COMMUNITY BANK $25,000,000
2008-12-03Agreement $25,000,000 — from NEW YORK COMMUNITY BANK to NEW 488 LLC $25,000,000
2008-12-03Mortgage $4,500,000 — from NEW 488 LLC to NEW YORK COMMUNITY BANK $4,500,000
2007-10-16AL&R $20,500,000 — from NEW 488 LLC to SOVEREIGN BANK $20,500,000
2007-10-16Agreement $20,500,000 — from SOVEREIGN BANK to NEW 488 LLC $20,500,000
2007-10-16Mortgage $10,465,637 — from NEW 488 LLC to SOVEREIGN BANK $10,465,637

Ten-year activity

2001000
2017
2018
2019
2020
2021
2022
2023
2024
2025
121
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
2017914500679
20182114413887
2019483801060
202053241538
2021136290654
202255310647
2023107290854
202413490558
2025805431176
20261411105121
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The full timeline

Construction 247Enforcement 210Housing & tenants 578Ownership & money 115Health & systems 80

Every one of the 1,230 recorded events, 1966–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10018 · Landlord rankings · How grades work · The map · The Mice Map