2,672 recorded events, 1989–2026, from 21 city data systems. The city's paper trail here is mostly 1,094 311 service requests, 830 HPD complaints, 331 HPD housing violations.
Full record, year by year Support this site
A modest record — below the level that usually signals systemic problems. More recorded distress than 81% 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 114.9. In ZIP 10036, 62% of residential buildings hold an A and 6% 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 | 58 total — 15 class C (immediately hazardous), 37 class B, 6 class A. Oldest open since 2022-01-18. |
| Pending HPD litigation | 1 case(s) pending in housing court |
status snapshot refreshed weekly from HPD records
26 heat or hot-water complaints in the last three years (winter 2023–24: 2 · winter 2024–25: 6 · winter 2025–26: 18). Repeated winter clusters suggest a chronic heating problem.
2 bedbug-infested unit(s) reported in filings over the last three years.
$11,875 in enforcement penalties imposed (ECB/OATH) in the last three years.
362 service requests in the last three years. Most common: UNSANITARY CONDITION (50) · PLUMBING (40) · Rodent (29) · DOOR/WINDOW (25) · ELECTRIC (23) · Noise (22).
$18,000 in permitted construction work filed since 2016 (3 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.
| No | Built before 1974 (2005) |
| Yes | Six or more residential units (72) |
| No | 421-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 owner(s) | 521 WEST 42ND STREET ASSOCIATES.LP |
| Head officer | PETER FINE |
| Managing agent | WAVECREST MGMT TEAM |
| Last registered | 2025-07-15 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,431,995 | $644,398 |
| 2026 | $1,466,000 | $659,700 |
| 2027 | $1,646,995 | $741,148 |
The city's market estimate has risen 15% between tax years 2025 and 2027.
Tax exemptions on the roll: 420C
For property tax, the Department of Finance values this condo as if it were a rental building. Its 2021 estimate: gross income $1,632,215 a year ($17.79 per sq ft), operating expenses $758,764 ($8.27 per sq ft), net operating income $873,450. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.
| Energy grade (LL33) | C — ENERGY STAR score 66/100 (2022 disclosure cycle) |
| Heating fuel | NATURALGAS |
| Facade (Local Law 11) | SWARMP — "Safe With A Repair and Maintenance Program": known facade conditions that must be repaired (cycle 9) |
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 3 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 | 34 St-Hudson Yards — 7 · 0.4 mi straight-line (about a 10-minute walk) · station accessibility: full Times Sq-42 St — 1 2 3 7 A C E N Q R S W · 0.4 mi straight-line (about a 10-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: W 42 St / 10 Av — M42 · 200 ft |
| Citi Bike | W 43 St & 10 Ave · 500 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.
521 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 |
362 311 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.
Managed by WAVECREST MGMT GROUP — 362 buildings, 31,199 units. Grades across the portfolio: A86 · B145 · C84 · D33 · F13. See the whole portfolio
showing 60 of 362 buildings
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2024-10-08 | Mortgage $960,000 — from FORTY TWO RETAIL, LLC to EAST WEST BANK | $960,000 | |
| 2019-05-07 | AL&R $1,137,814 — from FORTY TWO RETAIL, LLC to SIGNATURE BANK | $1,137,814 | |
| 2019-05-07 | Agreement $1,137,814 — from FORTY TWO RETAIL, LLC to SIGNATURE BANK | $1,137,814 | |
| 2018-10-02 | Deed $1,275,000 — from SENIOR LIVING OPTIONS, INC. to FORTY TWO RETAIL, LLC | $1,275,000 | |
| 2018-09-28 | Sold for $1,275,000 | $1,275,000 | $17,708 |
| 2013-09-14 | AL&R $1,275,000 — from FORTY TWO RETAIL, LLC to SIGNATURE BANK | $1,275,000 | |
| 2013-09-14 | Mortgage $1,275,000 — from FORTY TWO RETAIL, LLC to SIGNATURE BANK | $1,275,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 3 | 5 | 93 | 0 | 2 | 103 |
| 2018 | 6 | 7 | 31 | 2 | 6 | 52 |
| 2019 | 0 | 0 | 44 | 2 | 7 | 53 |
| 2020 | 2 | 5 | 58 | 0 | 5 | 70 |
| 2021 | 1 | 7 | 73 | 0 | 5 | 86 |
| 2022 | 0 | 16 | 256 | 0 | 5 | 277 |
| 2023 | 0 | 26 | 437 | 0 | 20 | 483 |
| 2024 | 0 | 12 | 192 | 7 | 17 | 228 |
| 2025 | 0 | 2 | 256 | 3 | 23 | 284 |
| 2026 | 0 | 16 | 282 | 0 | 14 | 312 |
Every one of the 2,672 recorded events, 1989–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 10036 · Landlord rankings · How grades work · The map · The Mice Map