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261 1 Avenue

347Records
15City systems
11Open violations
42.5Penalty rate
Manhattan · ZIP 10003 · Neighborhood: Gramercy
Open in the map

347 recorded events, 1966–2026, from 15 city data systems. The city's paper trail here is mostly 107 311 service requests, 70 HPD complaints, 51 ACRIS deeds & mortgages.

BoroughManhattan 10003
Built1910
Floors5
Res. units8
ClassC7
Owner (PLUTO)FIRST AVENUE EQUITIES
BBL1009220020
BIN1020421

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 69% 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 42.5. In ZIP 10003, 67% of residential buildings hold an A and 4% grade D or F. How grades work

this building
A
B
C

Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

Open HPD violations11 total — 2 class C (immediately hazardous), 4 class B, 5 class A. Oldest open since 1983-07-27.

status snapshot refreshed weekly from HPD records

Patterns

25 heat or hot-water complaints in the last three years (winter 2025–26: 14 · winter 2026–27: 4). Repeated winter clusters suggest a chronic heating problem.

14
’25–26
4
’26–27

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

What 311 hears from this address

29 service requests in the last three years. Most common: HEAT/HOT WATER (12) · Encampment (9) · Drug Activity (3) · Water System (1) · Homeless Person Assistance (1) · For Hire Vehicle Complaint (1).

Filed construction activity

$434,590 in permitted construction work filed since 2016 (14 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 (1910)
YesSix or more residential units (8)
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)FIRST AVENUE.EQUITIES LLC
Head officerALMA ILIBASSI
Managing agentTHOMAS MASTRANGELO
Last registered2026-07-15

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$4,952,000 $2,228,400
2026$4,046,000 $1,820,700
2027$4,855,000 $2,184,750

The city's market estimate has fallen 2% between tax years 2025 and 2027.

Restaurants in this building

RestaurantCuisineGradeNotes
J'S Kitchen New YorkJapaneseBMice 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.

Flood exposure

Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).

Hurricane evacuation zone 5 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.

Getting around

Subway1 Av — L · 300 ft straight-line (about a 1-minute walk) · station accessibility: full
BusNearest boarding stop: 1 Av / E 15 St — M15-SBS · 100 ft · Select Bus Service
Citi Bike1 Ave & E 16 St · 150 ft · station location as of 2026-09-23; live availability
Bike facilityPainted bike lane mapped within 75 ft
School zones (2024–25 map)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.

Report a problem to 311

261 1 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

29 311 service requests from this address in the last three years — 12 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: $497,113 on 2025-09-15 (lender: JPMorgan Chase Bank, N.A.), 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.

DateRecordAmountPer res. unit
2025-09-15Agreement $2,645,000 — from FIRST AVENUE EQUITIES LLC to JPMORGAN CHASE BANK, N.A. $2,645,000
2025-09-15Mortgage $497,114 — from FIRST AVENUE EQUITIES LLC to JPMORGAN CHASE BANK, N.A. $497,114
2013-09-06AL&R $3,000,000 — from FIRST AVENUE EQUITIES LLC to CAPITAL ONE, NATIONAL ASSOCIATION $3,000,000
2013-09-06Mortgage $305,683 — from FIRST AVENUE EQUITIES LLC to CAPITAL ONE, NATIONAL ASSOCIATION $305,683
2013-09-06Agreement $3,000,000 — from FIRST AVENUE EQUITIES LLC to CAPITAL ONE, NATIONAL ASSOCIATION $3,000,000
2003-12-11Agreement $3,300,000 — from FIRST AVENUE EQUITIES, LLC to NORTH FORK BANK $3,300,000
2003-12-11Mortgage $1,102,945 — from FIRST AVENUE EQUITIES, LLC to NORTH FORK BANK $1,102,945
2000-09-14Mortgage $1,023,479 — from FIRST AVENUE EQUITIES, LLC to NORTH FORK BANK $1,023,479
1996-06-27Mortgage $350,000 — from FIRST AVENUE EQUITIES to NORTH FORK BANK $350,000
1993-12-27Mortgage $950,000 — from FIRST AVENUE EQUITIES to TRB 261-65 FIRST AVECRP $950,000
1988-02-26Mortgage $703,395 — from MS 16 RLTY CORP to BRT RLTY TRUST $703,395
1988-02-26Mortgage $200,000 — from MS 16 RLTY CORP to BRT REALTY TRUST $200,000
1986-06-30Mortgage $316,600 — from MS 16 REALTY CORP to 261 FIRST AVE ASSOCIATES $316,600
1982-11-05Mortgage $454,000 — from YAIR REALTY CORP. to LEONG, FOOK YEN; LEONG, INA $454,000

Ten-year activity

50250
2017
2018
2019
2020
2021
2022
2023
2024
40
2025
2026
ConstructionHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionHousing & tenantsOwnership & moneyHealth & systemsTotal
201705016
20181115219
201921003
20200120012
20211160017
20221380021
202307018
202406028
20254254740
20263150119
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The full timeline

Construction 41Enforcement 32Housing & tenants 203Ownership & money 51Health & systems 20

Every one of the 347 recorded events, 1966–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10003 · Landlord rankings · How grades work · The map · The Mice Map