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138 East 50th Street

2,940Records
16City systems
5Open violations
1Penalty rate
Manhattan · ZIP 10017 · Neighborhood: East Midtown-Turtle Bay
Open in the map

2,940 recorded events, 1991–2026, from 16 city data systems. The city's paper trail here is mostly 2,604 ACRIS deeds & mortgages, 87 DOF property sales, 65 311 service requests.

BoroughManhattan 10017
Built2017
Floors63
Res. units124
ClassRM
Owner (PLUTO)50 LEX DEVELOPMENT LLC
BBL1013047502
BIN—

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 76% 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 1. In ZIP 10017, 83% of residential buildings hold an A and 5% 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

Open HPD violations5 total — 1 class C (immediately hazardous), 3 class B, 1 class A. Oldest open since 1991-07-23.

status snapshot refreshed weekly from HPD records

Patterns

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

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: Encampment (8) · Noise (7) · Panhandling (3) · Dirty Condition (2) · Blocked Driveway (2) · Illegal Parking (2).

Filed construction activity

$1,336,179 in permitted construction work filed since 2016 (21 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 (2017)
YesSix or more residential units (124)
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)THE CENTRALE CONDOMINIUM
Head officerKEN CARTELLI
Managing agentDouglas Elliman Property Management
Last registered2025-07-11

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

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$505,285 $227,378
2026$312,658 $140,696
2027$656,967 $295,635

The city's market estimate has risen 30% between tax years 2025 and 2027.

For property tax, the Department of Finance values this condo as if it were a rental building. Its 2021 estimate: gross income $12,610,390 a year ($52.06 per sq ft), operating expenses $4,456,995 ($18.40 per sq ft), net operating income $8,153,394. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.

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.

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

Subway51 St — 6 E F · 300 ft straight-line (about a 2-minute walk) · station accessibility: full
BusNearest boarding stop: E 50 St / Lexington Av — M50 · 100 ft
Citi BikeE 51 St & Lexington Ave · 450 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 059 Beekman Hill International
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

138 East 50th 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

29 311 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 DOUGLAS ELLIMAN PROPERTY MANAGEMENT — 313 buildings, 53,552 units. Grades across the portfolio: A294 · B9 · C2 · D3. See the whole portfolio

BuildingBoroughUnitsGrade
2049 Bartow Avenue BX10914 A
163-15 Baisley Boulevard QN5860 A
120 Erskine Place BX4458 A
209-90 23 Avenue QN1037 A
54-17 31 Avenue QN966 A
330 East 38 Street MN830 A
2928 West 5 Street BK572 A
2940 West 5 Street BK572 A
200 Rector Place MN540 A
200 East 66 Street MN490 A
245 East 54 Street MN444 A
22 Thames Street MN439 A
25 Central Park West MN416 A
1781 1 Avenue MN367 A
425 East 58 Street MN348 A
2 5 Avenue MN343 A
150 West 56 Street MN337 A
25 Sutton Place South MN320 A
25 Broad Street MN308 A
245 East 93 Street MN290 A
83-85 Woodhaven Boulevard QN288 A
139-15 83 Avenue QN282 A
45 Sutton Place South MN278 A
14 West 4 Street MN274 A
9 5 Avenue MN267 A
631 Hudson Street MN261 A
70-20 108 Street QN254 A
200 East 89 Street MN253 A
5 West 53 Street MN245 A
130 William Street MN240 A
230 West 55 Street MN232 A
240 East 47 Street MN229 A
142-05 Roosevelt Avenue QN228 A
641 5 Avenue MN224 A
230 East 20 Street MN223 A
249 8 Avenue MN221 A
333 East 43 Street MN215 A
1461 1 Avenue MN215 A
2360 Broadway MN207 A
1485 5 Avenue MN206 B
101 West 24 Street MN202 A
133 West 11 Street MN199 A
188 East 64 Street MN194 A
139 East 33 Street MN193 A
225 East 34 Street MN190 A
555 West 59 Street MN186 A
211 Central Park West MN183 A
22 West 14 Street MN182 A
242 Madison Avenue MN180 A
1030 3 Avenue MN176 A
120 4 Avenue MN175 A
1185 Park Avenue MN172 A
173 Riverside Drive MN167 A
201 East 25 Street MN164 A
1156 3 Avenue MN163 A
515 East 79 Street MN163 A
111 East 85 Street MN160 A
280 East Houston Street MN158 A
2420 Broadway MN158 A
726 Greenwich Street MN157 A

showing 60 of 313 buildings

Sales, deeds & mortgages

DateRecordAmountPer res. unit
2026-09-30Mortgage $350,000 — from KO, JONATHAN to CITIZENS BANK NA $350,000
2026-09-21Mortgage $1,925,000 — from CHEN, YIZE; DONG, XIAOMENG to MERS $1,925,000
2026-09-21Deed $3,395,000 — from MATTHEW MIKETICH IRREVOCABLE TRUST; ROBERT MIKETICH, AS TRUSTEE to CHEN, YIZE; DONG, XIAOMENG $3,395,000
2026-09-16Deed $1,955,000 — from 50 LEX DEVELOPMENT LLC to LO, AMBER $1,955,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Mortgage $1,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $1,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000
2026-09-03Deed $2,300,000 — from 50 LEX DEVELOPMENT LLC to YAN, YUANFANG $2,300,000
2026-09-03Agreement $1,000,000 — from YAN, YUANFANG to JPMORGAN CHASE BANK, N.A. $1,000,000
2026-09-03Agreement $240,000,000 — from 50 LEX DEVELOPMENT LLC to INDUSTRIAL BANK OF KOREA, AS TRUSTEE; PIA PRIVATE REAL ESTATE INVESTMENT TRUST $240,000,000

Ten-year activity

1,0005000
2017
2018
2019
2020
833
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
20175410414
20189020213
201910000212
20204025840590
2021127148000833
2022112165630592
202363102661286
202440121172135
20256162562271
2026120121050129
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The full timeline

Construction 109Enforcement 17Housing & tenants 102Ownership & money 2,691Health & systems 21

Every one of the 2,940 recorded events, 1991–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10017 · Landlord rankings · How grades work · The map · The Mice Map