1,042 recorded events, 1994–2026, from 19 city data systems. The city's paper trail here is mostly 543 ACRIS deeds & mortgages, 108 DOB permits, 74 DOB job filings.
Full record, year by year Support this site
The city's published records show little recorded distress here in the last three years. More recorded distress than 52% 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 17.6. In ZIP 10016, 71% of residential buildings hold an A and 4% grade D or F. How grades work
Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more
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.
14 heat or hot-water complaints in the last three years (winter 2025–26: 14).
No bedbug-infested units reported in the last three years of filings.
$1,280 in enforcement penalties imposed (ECB/OATH) in the last three years.
29 service requests in the last three years. Most common: HEAT/HOT WATER (7) · Noise (6) · Street Condition (3) · Water System (2) · Elevator (2) · UNSANITARY CONDITION (2).
$751,000 in permitted construction work filed since 2016 (13 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.
| No | Built before 1974 (2002) |
| Yes | Six or more residential units (9) |
| No | 421-a / J-51 tax benefit on the current tax roll |
1 of 3 signals present. Only a partial profile — stabilization is possible but less likely. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).
| Registered owner(s) | 554-556 THIRD AVE. LLC |
| Head officer | MITCHEL A MAIDMAN |
| Managing agent | TOWNHOUSE MANAGEMENT CO |
| Last registered | 2025-09-05 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,343,475 | $604,564 |
| 2026 | $440,917 | $198,412 |
| 2027 | $29,565,897 | $13,304,654 |
The city's market estimate has risen 2101% between tax years 2025 and 2027.
For property tax, the Department of Finance values this condo as if it were a rental building. Its 2023 estimate: gross income $1,471,930 a year ($64.94 per sq ft), operating expenses $338,630 ($14.94 per sq ft), net operating income $1,133,300. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.
| Heating fuel | NATURALGAS |
| Facade (Local Law 11) | SWARMP — "Safe With A Repair and Maintenance Program": known facade conditions that must be repaired (cycle 9) |
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.
| Subway | 33 St — 6 · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: none Grand Central-42 St — 4 5 6 7 S · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: 3 Av / E 37 St — M101 M102 M103 · 250 ft |
| Citi Bike | Lexington Ave & E 36 St · 450 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 116 Mary Lindley Murray Middle: J.H.S. 104 Simon Baruch. 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.
554 3 Avenue
| 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 |
29 311 service requests from this address in the last three years — 7 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 TOWNHOUSE MANAGEMENT — 8 buildings, 183 units. Grades across the portfolio: A6 · B2. See the whole portfolio
| Building | Borough | Units | Grade |
|---|---|---|---|
| 431 East 86 Street | MN | 60 | A |
| 430 East 87 Street | MN | 28 | A |
| 39A Gramercy Park North | MN | 23 | A |
| 482 East 74 Street | MN | 20 | B |
| 128 East 83 Street | MN | 18 | B |
| 324 East 77 Street | MN | 17 | A |
| 554 3 Avenue | MN | 9 | A |
| 35 East 63 Street | MN | 8 | A |
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2025-12-02 | Agreement $5,500,000 — from 554 R&D LLC; 556 PHG LLC; 554 OWNER LLC to NORTHEAST BANK | $5,500,000 | |
| 2025-12-02 | AL&R $5,500,000 — from 554 R&D LLC; 556 PHG LLC; 554 OWNER LLC to NORTHEAST BANK | $5,500,000 | |
| 2025-12-02 | AL&R $5,500,000 — from 554 R&D LLC; 556 PHG LLC; 554 OWNER LLC to NORTHEAST BANK | $5,500,000 | |
| 2025-12-02 | Mortgage $250,000 — from 556 PHG LLC; 554 R&D LLC; 554 OWNER LLC to NORTHEAST BANK | $250,000 | |
| 2025-12-02 | Agreement $5,500,000 — from 554 R&D LLC; 556 PHG LLC; 554 OWNER LLC to NORTHEAST BANK | $5,500,000 | |
| 2025-12-02 | Mortgage $250,000 — from 556 PHG LLC; 554 R&D LLC; 554 OWNER LLC to NORTHEAST BANK | $250,000 | |
| 2025-07-16 | Mortgage $625,551 — from 556 PHG LLC; 554 R& D LLC; 554 OWNER LLC to W FINANCIAL REIT, LTD | $625,551 | |
| 2025-07-16 | Agreement $5,250,000 — from 556 PHG LLC; 554 R& D LLC; 554 OWNER LLC to W FINANCIAL REIT, LTD | $5,250,000 | |
| 2025-07-16 | AL&R $5,250,000 — from 554 OWNER LLC; 556 PHG LLC; 554 R& D LLC to W FINANCIAL REIT, LTD | $5,250,000 | |
| 2025-07-16 | Agreement $5,250,000 — from 556 PHG LLC; 554 R& D LLC; 554 OWNER LLC to W FINANCIAL REIT, LTD | $5,250,000 | |
| 2025-07-16 | Mortgage $625,551 — from 556 PHG LLC; 554 R& D LLC; 554 OWNER LLC to W FINANCIAL REIT, LTD | $625,551 | |
| 2025-07-16 | AL&R $5,250,000 — from 554 OWNER LLC; 556 PHG LLC; 554 R& D LLC to W FINANCIAL REIT, LTD | $5,250,000 | |
| 2025-01-03 | AL&R $54,500,000 — from 554 EUO LLC to FS CREIT ORIGINATOR LLC | $54,500,000 | |
| 2025-01-03 | Agreement $54,500,000 — from 554 EUO LLC to FS CREIT ORIGINATOR LLC | $54,500,000 | |
| 2025-01-03 | Mortgage $2,416,957 — from 554 EUO LLC to FS CREIT ORIGINATOR LLC | $2,416,957 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 2 | 4 | 4 | 1 | 1 | 12 |
| 2018 | 4 | 2 | 2 | 6 | 3 | 17 |
| 2019 | 12 | 7 | 3 | 3 | 4 | 29 |
| 2020 | 7 | 3 | 3 | 3 | 6 | 22 |
| 2021 | 7 | 2 | 4 | 5 | 5 | 23 |
| 2022 | 6 | 0 | 2 | 17 | 5 | 30 |
| 2023 | 7 | 0 | 5 | 4 | 4 | 20 |
| 2024 | 8 | 0 | 7 | 0 | 2 | 17 |
| 2025 | 8 | 6 | 16 | 40 | 5 | 75 |
| 2026 | 7 | 6 | 18 | 0 | 2 | 33 |
Every one of the 1,042 recorded events, 1994–2026, is laid out year by year in the full report (print-ready).
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