1,230 recorded events, 1969–2026, from 16 city data systems. The city's paper trail here is mostly 655 311 service requests, 310 HPD complaints, 83 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 84% 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 109.2. In ZIP 10036, 62% of residential buildings hold an A and 6% grade D or F. How grades work
Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 25 total — 7 class C (immediately hazardous), 17 class B, 1 class A. Oldest open since 2014-03-04. |
status snapshot refreshed weekly from HPD records
34 heat or hot-water complaints in the last three years (winter 2023–24: 12 · winter 2024–25: 10). Repeated winter clusters suggest a chronic heating problem.
No bedbug-infested units reported in the last three years of filings.
$2,530 in enforcement penalties imposed (ECB/OATH) in the last three years.
65 service requests in the last three years. Most common: Noise (20) · HEAT/HOT WATER (17) · Dirty Condition (9) · Street Condition (3) · Non (2) · UNSANITARY CONDITION (2).
$408,928 in permitted construction work filed since 2016 (9 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 (1930) |
| Yes | Six or more residential units (12) |
| 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) | 321-323-325 WEST42ND STREET LLC |
| Head officer | AMIR SHRIKI |
| Managing agent | R.E.M. RESIDENTIAL |
| Last registered | 2025-09-18 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $4,255,000 | $1,914,750 |
| 2026 | $4,636,000 | $2,086,200 |
| 2027 | $5,025,000 | $2,261,250 |
The city's market estimate has risen 18% between tax years 2025 and 2027.
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 6 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.
| Subway | Times Sq-42 St — 1 2 3 7 A C E N Q R S W · 250 ft straight-line (about a 1-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: W 42 St / 8 Av — M42 SIM8 SIM22 SIM25 +2 more · 150 ft |
| Citi Bike | W 42 St & 8 Ave · 150 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 051 Elias Howe 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.
321 West 42 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 |
| Anything else | Anything else |
65 311 service requests from this address in the last three years — 17 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 R.E.M. RESIDENTIAL — 117 buildings, 3,819 units. Grades across the portfolio: A65 · B30 · C15 · D5 · F1. See the whole portfolio
showing 60 of 117 buildings
Most recent mortgage recorded against this lot: $9,552,358 on 2025-09-03 (lender: Bank Of Montreal), 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.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2025-09-03 | Mortgage $9,552,358 — from 321-323-325 WEST 42ND STREET LLC to BANK OF MONTREAL | $9,552,358 | |
| 2025-09-03 | AL&R $23,000,000 — from 321-323-325 WEST 42ND STREET LLC to BANK OF MONTREAL | $23,000,000 | |
| 2025-09-03 | Agreement $23,000,000 — from 321-323-325 ERDY 42ND STREET LLC to BANK OF MONTREAL | $23,000,000 | |
| 2023-04-05 | Agreement $12,120,000 — from 321-323-325 WEST 42ND STREET LLC to PATRIOT BANK, N.A. | $12,120,000 | |
| 2023-04-05 | Mortgage $97,798 — from 321-323-325 WEST 42ND STREET LLC to PATRIOT BANK, N.A. | $97,798 | |
| 2023-04-05 | Deed $20,000,000 — from THERA REALTY LLC to 321-323-325 WEST 42ND STREET LLC | $20,000,000 | |
| 2023-04-05 | AL&R $12,120,000 — from 321-323-325 WEST 42ND STREET LLC to PATRIOT BANK, N.A. | $12,120,000 | |
| 2023-04-05 | Mortgage $1,380,000 — from 321-323-325 WEST 42ND STREET LLC to PATRIOT BANK, N.A. | $1,380,000 | |
| 2023-04-05 | AL&R $1,380,000 — from 321-323-325 WEST 42ND STREET LLC to PATRIOT BANK, N.A. | $1,380,000 | |
| 2023-03-29 | Sold for $20,000,000 | $20,000,000 | $1,666,667 |
| 2019-01-14 | Mortgage $1,118,561 — from THERA REALTY, LLC to NEW YORK COMMUNITY BANK | $1,118,561 | |
| 2019-01-14 | Agreement $12,500,000 — from THERA REALTY, LLC to NEW YORK COMMUNITY BANK | $12,500,000 | |
| 2014-06-30 | Mortgage $5,191,422 — from THERA REALTY, LLC to NEW YORK COMMUNITY BANK | $5,191,422 | |
| 2014-06-30 | Agreement $12,000,000 — from THERA REALTY, LLC to NEW YORK COMMUNITY BANK | $12,000,000 | |
| 2013-07-09 | RPTT $1,810,281 — from METROPCS COMMUNICATIONS, INC.; METROPCS COMMUNICATIONS, INC to T-MOBILE HOLDING GMBH; T-MOBILE HOLDING GMBH | $1,810,281 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 0 | 0 | 64 | 0 | 2 | 66 |
| 2018 | 0 | 0 | 48 | 0 | 1 | 49 |
| 2019 | 2 | 0 | 154 | 2 | 1 | 159 |
| 2020 | 1 | 0 | 73 | 0 | 1 | 75 |
| 2021 | 2 | 1 | 35 | 0 | 0 | 38 |
| 2022 | 1 | 2 | 45 | 0 | 1 | 49 |
| 2023 | 3 | 6 | 121 | 8 | 1 | 139 |
| 2024 | 5 | 5 | 31 | 0 | 1 | 42 |
| 2025 | 0 | 3 | 36 | 7 | 0 | 46 |
| 2026 | 0 | 0 | 25 | 2 | 1 | 28 |
Every one of the 1,230 recorded events, 1969–2026, is laid out year by year in the full report (print-ready).
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