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242 West 53 Street

1,072Records
18City systems
0Open violations
0.3Penalty rate
Manhattan · ZIP 10019 · Neighborhood: Midtown-Times Square
Open in the map

1,072 recorded events, 1981–2026, from 18 city data systems. The city's paper trail here is mostly 417 311 service requests, 206 DOB permits, 94 DOB job filings.

BoroughManhattan 10019
Built2015
Floors62
Res. units426
ClassD8
Owner (PLUTO)ROSELAND DEVELOPMENT ASSOCIATES LLC
BBL1010240052
BIN1080868, 1090495

Full record, year by year   Support this site

GRADE A

The city's published records show little recorded distress here in the last three years. Less recorded distress than 90% 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 0.3. In ZIP 10019, 65% of residential buildings hold an A and 4% 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

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.

Patterns

No heat or hot-water complaints in the last three years.

1 bedbug-infested unit(s) reported in filings over the last three years.

What 311 hears from this address

84 service requests in the last three years. Most common: Noise (29) · Sewer (11) · Street Condition (6) · Obstruction (5) · Non (5) · Consumer Complaint (4).

Filed construction activity

$8,582,781 in permitted construction work filed since 2016 (38 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

NoBuilt before 1974 (2015)
YesSix or more residential units (426)
No421-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 with HPD — the names behind the building

Registered owner(s)ROSELAND DEVELOPMENT ASSOCIATES LLC
Head officerLAURENCE GINSBERG
Managing agentALGIN MANAGEMENT CO., LLC
Last registered2025-06-27

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$183,962,000 $82,782,900
2026$178,790,000 $80,455,500
2027$178,333,000 $80,249,850

The city's market estimate has fallen 3% between tax years 2025 and 2027.

Building systems

Heating fuelNATURALGAS

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.

14 street-flooding or sewer-backup complaints at this address since 2020 (9 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

Subway7 Av — B D E · 400 ft straight-line (about a 2-minute walk) · station accessibility: none
50 St — C E · 450 ft straight-line (about a 2-minute walk) · station accessibility: partial (Downtown only)
BusNearest boarding stop: 8 Av / W 52 St — M20 M104 · 250 ft
Citi Bike8 Ave & W 52 St · 300 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 111 Adolph S. Ochs
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

242 West 53 Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Anything elseAnything else

84 311 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.

The landlord's report card

Managed by ALGIN MANAGEMENT CO LLC — 20 buildings, 2,494 units. Grades across the portfolio: A18 · B2. See the whole portfolio

BuildingBoroughUnitsGrade
300 Mercer Street MN480 A
242 West 53 Street MN426 A
229 West 60 Street MN301 A
471 3 Avenue MN300 A
120 East 34 Street MN259 A
145 East 27 Street MN174 A
400 East 66 Street MN127 A
108 East 96 Street MN112 A
463 Central Park West MN66 A
530 2 Avenue MN51 A
330 East 85 Street MN45 A
148 East 30 Street MN39 A
242 West 61 Street MN27 A
138 East 96 Street MN17 B
147 East 95 Street MN15 A
128 East 96 Street MN15 A
130 East 96 Street MN15 A
136 East 96 Street MN10 A
132 East 96 Street MN8 A
134 East 96 Street MN7 B

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $145,600,000 on 2021-12-23 (lender: New York Life Insurance Company). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2021-12-23Mortgage $145,600,000 — from ROSELAND DEVELOPMENT ASSOCIATES, LLC to NEW YORK LIFE INSURANCE COMPANY $145,600,000
2021-12-23AL&R $145,600,000 — from ROSELAND DEVELOPMENT ASSOCIATES, LLC to NEW YORK LIFE INSURANCE COMPANY $145,600,000
2014-05-21DEVR $354,600 — from BROADHURST THEATRE, LLC to ROSELAND DEVELOPMENT ASSOCIATES, LLC $354,600
2014-05-21DEVR $17,163,000 — from MAJESTIC THEATRE, LLC to ROSELAND DEVELOPMENT ASSOCIATES, LLC $17,163,000

Ten-year activity

100500
2017
2018
2019
2020
2021
2022
2023
92
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
20172142240087
20184723180189
20191717150453
202093350451
202165292446
202253200432
2023174410466
2024442390792
202594320449
2026100170532
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The full timeline

Construction 348Enforcement 217Housing & tenants 450Ownership & money 12Health & systems 45

Every one of the 1,072 recorded events, 1981–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10019 · Landlord rankings · How grades work · The map · The Mice Map