546 recorded events, 1966–2026, from 19 city data systems. The city's paper trail here is mostly 167 311 service requests, 83 HPD complaints, 64 ACRIS deeds & mortgages.
Full record, year by year Support this site
A modest record — below the level that usually signals systemic problems. More recorded distress than 65% of 25-99-unit residential buildings citywide. The citywide median for 25-99-unit residential buildings is 23.6 penalty points per 10 units; this building carries 51.3. In ZIP 10016, 71% of residential buildings hold an A and 4% grade D or F. How grades work
Among 17,252 25-99-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 5 total — 1 class C (immediately hazardous), 1 class B, 3 class A. Oldest open since 2023-01-14. |
status snapshot refreshed weekly from HPD records
90 heat or hot-water complaints in the last three years (winter 2024–25: 70 · winter 2025–26: 20). Repeated winter clusters suggest a chronic heating problem.
3 bedbug-infested unit(s) reported in filings over the last three years.
$4,435 in enforcement penalties imposed (ECB/OATH) in the last three years.
81 service requests in the last three years. Most common: HEAT/HOT WATER (44) · Elevator (6) · PLUMBING (6) · UNSANITARY CONDITION (5) · DOOR/WINDOW (3) · SAFETY (2).
$1,429,450 in permitted construction work filed since 2016 (23 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.
| Yes | Built before 1974 (1925) |
| Yes | Six or more residential units (35) |
| 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) | 114-116 EAST 40TH STREET, LLC |
| Head officer | ADAM DANIELS |
| Managing agent | AD REAL ESTATE INVESTORS INC |
| Last registered | 2025-09-19 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $7,335,000 | $3,300,750 |
| 2026 | $8,649,000 | $3,892,050 |
| 2027 | $8,497,000 | $3,823,650 |
The city's market estimate has risen 16% between tax years 2025 and 2027.
| Energy grade (LL33) | D — ENERGY STAR score 26/100, posted at the entrance by law (2022 disclosure cycle) |
| Heating fuel | NATURALGAS |
| Facade (Local Law 11) | SAFE (cycle 9) |
| Restaurant | Cuisine | Grade | Notes |
|---|---|---|---|
| Matto Express | Coffee/Tea | A | Mice evidence |
Report to 311: Food poisoning · Food safety complaint
1 restaurant · 1 with mice evidence · See them on the Mice Map
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 2025 (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.
| Subway | Grand Central-42 St — 4 5 6 7 S · 500 ft straight-line (about a 3-minute walk) · station accessibility: full 42 St-Bryant Pk — 7 B D F M · 0.3 mi straight-line (about an 8-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Lexington Av / E 40 St — M101 M102 M103 · 200 ft |
| Citi Bike | E 40 St & Park Ave · 250 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.
114 East 40 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 |
| Food poisoning | Food poisoning |
| Food safety complaint | Food safety complaint |
| Anything else | Anything else |
81 311 service requests from this address in the last three years — 44 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 AD REAL ESTATE INVESTORS INC — 22 buildings, 327 units. Grades across the portfolio: A11 · B8 · C3. See the whole portfolio
| Building | Borough | Units | Grade |
|---|---|---|---|
| 114 East 40 Street | MN | 35 | B |
| 190 East 2 Street | MN | 28 | A |
| 167 Mott Street | MN | 26 | B |
| 620 East 6 Street | MN | 22 | B |
| 85 Pitt Street | MN | 21 | C |
| 607 East 11 Street | MN | 20 | A |
| 104 Suffolk Street | MN | 20 | A |
| 1132 1 Avenue | MN | 16 | C |
| 9 East 16 Street | MN | 15 | A |
| 1130 1 Avenue | MN | 13 | B |
| 120 West 3 Street | MN | 12 | B |
| 1425 3 Avenue | MN | 12 | B |
| 300 East 3 Street | MN | 12 | A |
| 615 East 6 Street | MN | 10 | A |
| 113 Elizabeth Street | MN | 10 | B |
| 117 Elizabeth Street | MN | 10 | A |
| 115 Elizabeth Street | MN | 10 | A |
| 228 West 72 Street | MN | 9 | B |
| 118 East 19 Street | MN | 8 | A |
| 534 East 6 Street | MN | 8 | A |
| 184 East 64 Street | MN | 5 | C |
| 227 East 67 Street | MN | 5 | A |
Most recent mortgage recorded against this lot: $560,400 on 2022-02-25 (lender: Valley National Bank). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2022-02-25 | Mortgage $16,250,000 — from 114 PG LLC; PK 114-116 EAST 40TH STREET LLC; RJ40 LLC; AMS EAST 40TH HOLDINGS, LLC; 114-11 to VALLEY NATIONAL BANK | $16,250,000 | |
| 2022-02-25 | Agreement $17,689,600 — from 114 PG LLC; RJ40 LLC; 114-116 HOLDINGS LLC; PK 114-116 EAST 40TH STREET LLC; AMS EAST 40TH to VALLEY NATIONAL BANK | $17,689,600 | |
| 2022-02-25 | AL&R $2,000,000 — from 114-116 HOLDINGS LLC; RJ40 LLC; 174 DELANCEY ASSOCIATES, LLC; AMS EAST 40TH HOLDINGS, LLC; to VALLEY NATIONAL BANK | $2,000,000 | |
| 2022-02-25 | AL&R $16,250,000 — from RJ40 LLC; PK 114-116 EAST 40TH STREET LLC; AMS EAST 40TH HOLDINGS, LLC; 174 DELANCEY ASSOC to VALLEY NATIONAL BANK | $16,250,000 | |
| 2022-02-25 | Agreement $2,000,000 — from 114 PG LLC; RJ40 LLC; 174 DELANCEY ASSOCIATES, LLC; 114-116 HOLDINGS LLC; PK 114-116 EAST to VALLEY NATIONAL BANK | $2,000,000 | |
| 2022-02-25 | Mortgage $560,400 — from 114 PG LLC; RJ40 LLC; 114-116 HOLDINGS LLC; PK 114-116 EAST 40TH STREET LLC; AMS EAST 40TH to VALLEY NATIONAL BANK | $560,400 | |
| 2022-02-25 | Mortgage $1,439,600 — from 114 PG LLC; PK 114-116 EAST 40TH STREET LLC; 114-116 HOLDINGS LLC; 174 DELANCEY ASSOCIATES to VALLEY NATIONAL BANK | $1,439,600 | |
| 2016-12-02 | AL&R $18,200,000 — from AMS EAST 40TH HOLDINGS, LLC; 114-116 HOLDINGS LLC; RJ40 LLC; PK 114-116 EAST 40TH STREET L to STERLING NATIONAL BANK | $18,200,000 | |
| 2016-12-02 | Agreement $18,200,000 — from AMS EAST 40TH HOLDINGS, LLC; PK 114-116 EAST 40TH STREET LLC; 114-116 HOLDINGS LLC; 114 PG to STERLING NATIONAL BANK | $18,200,000 | |
| 2016-12-02 | Mortgage $4,465,408 — from 114 PG LLC; 114-116 HOLDINGS LLC; PK 114-116 EAST 40TH STREET LLC; RJ40 LLC; 174 DELANCEY to STERLING NATIONAL BANK | $4,465,408 | |
| 2016-12-02 | Mortgage $480,000,000 — from BRE FSC MULTIFAMILY BORROWER LLC to BANK OF CHINA, NEW YORK BRANCH | $480,000,000 | |
| 2016-12-02 | Deed $27,500,000 — from BRE FSC MULTIFAMILY BORROWER LLC to 114 PG LLC; 114-116 HOLDINGS LLC; PK 114-116 EAST 40TH STREET LLC; AMS EAST 40TH HOLDINGS | $27,500,000 | |
| 2016-11-21 | Sold for $27,500,000 | $27,500,000 | $785,714 |
| 2015-12-24 | Mortgage $480,000,000 — from BRE FSC MULTIFAMILY BORROWER LLC to ANNALY CRE LLC | $480,000,000 | |
| 2015-10-01 | Deed $20,534,927 — from 114 E 40 LLC to BRE FSC MULTIFAMILY BORROWER LLC | $20,534,927 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 10 | 3 | 10 | 0 | 2 | 25 |
| 2018 | 10 | 0 | 3 | 0 | 4 | 17 |
| 2019 | 0 | 4 | 6 | 0 | 2 | 12 |
| 2020 | 0 | 0 | 9 | 0 | 2 | 11 |
| 2021 | 4 | 0 | 9 | 0 | 1 | 14 |
| 2022 | 5 | 3 | 9 | 9 | 1 | 27 |
| 2023 | 2 | 12 | 66 | 0 | 2 | 82 |
| 2024 | 6 | 9 | 66 | 0 | 3 | 84 |
| 2025 | 3 | 4 | 77 | 0 | 4 | 88 |
| 2026 | 0 | 6 | 21 | 0 | 2 | 29 |
Every one of the 546 recorded events, 1966–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 10016 · Landlord rankings · How grades work · The map · The Mice Map