191 recorded events, 1968–2026, from 15 city data systems. The city's paper trail here is mostly 53 ACRIS deeds & mortgages, 49 311 service requests, 22 DOB permits.
Full record, year by year Support this site
The city's published records show little recorded distress here in the last three years. Less recorded distress than 86% 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 1.4. 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.
No heat or hot-water complaints in the last three years.
No bedbug-infested units reported in the last three years of filings.
8 service requests in the last three years. Most common: Dirty Condition (4) · Illegal Dumping (1) · Noise (1) · Food Establishment (1) · Missed Collection (1).
$408,200 in permitted construction work filed since 2016 (5 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 (1920) |
| Yes | Six or more residential units (7) |
| 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) | GRAND CENTRAL 888 INC |
| Head officer | BI Y SZE |
| Managing agent | GRAND CENTAL 888 INC |
| Last registered | 2025-08-25 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $3,028,000 | $1,362,600 |
| 2026 | $3,230,000 | $1,453,500 |
| 2027 | $3,406,000 | $1,532,700 |
The city's market estimate has risen 12% between tax years 2025 and 2027.
| Heating fuel | NATURALGAS |
| Restaurant | Cuisine | Grade | Notes |
|---|---|---|---|
| Lim's Kitchen | Korean | A | Mice evidence |
Report to 311: Food poisoning · Food safety complaint
1 restaurant · 1 with mice evidence · See them on the Mice Map
1 Food Establishment complaint to 311 at this address in the last three years (most often: Letter Grading) · complaints filed by the public; DOHMH investigates, outcomes aren't published.
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 | Grand Central-42 St — 4 5 6 7 S · 900 ft straight-line (about a 4-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: 2 Av / E 39 St — M15 · 350 ft |
| Citi Bike | E 39 St & 2 Ave · 200 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.
242 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 |
8 311 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.
Most recent mortgage recorded against this lot: $1,295,455 on 2016-06-14 (lender: JPMorgan Chase Bank NA). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2016-06-14 | Agreement $2,650,000 — from GRAND CENTRAL 888 INC to JPMORGAN CHASE BANK NA | $2,650,000 | |
| 2016-06-14 | Agreement $2,650,000 — from GRAND CENTRAL 888 INC to JPMORGAN CHASE BANK NA | $2,650,000 | |
| 2016-06-14 | Mortgage $1,295,455 — from GRAND CENTRAL 888 INC to JPMORGAN CHASE BANK NA | $1,295,455 | |
| 2012-07-17 | Mortgage $1,470,000 — from GRAND CENTRAL 888 INC. to JPMORGAN CHASE BANK, N.A. | $1,470,000 | |
| 2012-07-17 | Mortgage $157,218 — from GRAND CENTRAL 888 INC. to JPMORGAN CHASE BANK, N.A. | $157,218 | |
| 2012-07-17 | Agreement $1,470,000 — from JPMORGAN CHASE BANK, N.A. to GRAND CENTRAL 888 INC. | $1,470,000 | |
| 2006-05-22 | Deed $1,900,000 — from LIU, HUANG SU-YING; LIU, CHI LO to GRAND CENTRAL 888 INC. | $1,900,000 | |
| 2006-05-22 | Mortgage $1,425,000 — from GRAND CENTRAL 888 INC. to WASHINGTONG MUTUAL BANK , NA | $1,425,000 | |
| 1989-03-07 | Mortgage $300,000 — from LIU, HUANG SU-YING; LIU, CHI LO to KA WAH BANK LTD NYBRNCH | $300,000 | |
| 1986-03-27 | Mortgage $1,500,000 — from MKHS 40TH ST CORP to WESTERN SAVINGS ASSN | $1,500,000 | |
| 1985-10-30 | Mortgage $4,300,000 — from MKHS 40TH STREET CORP. to WESTERN SAVINGS ASSN | $4,300,000 | |
| 1985-05-29 | Mortgage $2,718,000 — from MKHS 40 TH ST CORP to WESTERN SAVINGS ASSN | $2,718,000 | |
| 1985-05-16 | Mortgage $2,220,000 — from MKHS 40TH STREET CORP to WESTERN SAVINGS ASSOC | $2,220,000 | |
| 1985-05-16 | Agreement $2,220,000 — from MKHS 40TH ST. CORP. to WESTERN SAVINGS ASSOCTN | $2,220,000 | |
| 1985-05-16 | Mortgage $12,080,000 — from MKHS 40TH STREET CORP to WESTERN SAVINGS ASSOC | $12,080,000 |
| Year | Construction | Enforcement | Housing & tenants | Health & systems | Total |
|---|---|---|---|---|---|
| 2017 | 6 | 2 | 4 | 1 | 13 |
| 2018 | 1 | 1 | 10 | 4 | 16 |
| 2019 | 0 | 1 | 0 | 1 | 2 |
| 2020 | 0 | 0 | 4 | 2 | 6 |
| 2021 | 0 | 0 | 7 | 1 | 8 |
| 2022 | 9 | 4 | 5 | 1 | 19 |
| 2023 | 2 | 1 | 6 | 1 | 10 |
| 2024 | 0 | 2 | 6 | 2 | 10 |
| 2025 | 0 | 4 | 2 | 4 | 10 |
| 2026 | 0 | 0 | 2 | 2 | 4 |
Every one of the 191 recorded events, 1968–2026, 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