1,624 recorded events, 1900–2026, from 21 city data systems. The city's paper trail here is mostly 503 ACRIS deeds & mortgages, 369 311 service requests, 159 DOF property sales.
Full record, year by year Support this site
The city's published records show little recorded distress here in the last three years. Less recorded distress than 70% 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 1.3. In ZIP 10017, 83% of residential buildings hold an A and 5% grade D or F. How grades work
Among 4,677 100+-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 7 total — 3 class C (immediately hazardous), 1 class B, 3 class A. Oldest open since 1994-01-04. |
status snapshot refreshed weekly from HPD records
3 heat or hot-water complaints in the last three years (winter 2025–26: 1).
2 bedbug-infested unit(s) reported in filings over the last three years.
87 service requests in the last three years. Most common: Illegal Parking (30) · Noise (12) · Homeless Person Assistance (5) · PAINT/PLASTER (5) · Street Condition (4) · PLUMBING (4).
$6,893,930 in permitted construction work filed since 2016 (39 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 (1963) |
| Yes | Six or more residential units (359) |
| 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) | 305 East 40th Owners Corp. |
| Head officer | Andrew Korman |
| Managing agent | AKAM ASSOCIATES, INC. |
| Last registered | 2025-08-27 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $97,580,000 | $43,911,000 |
| 2026 | $102,696,000 | $46,213,200 |
| 2027 | $101,096,000 | $45,493,200 |
The city's market estimate has risen 4% between tax years 2025 and 2027.
Tax exemptions on the roll: COLD WAR VETERAN - DISABILITY · SENIOR CITIZEN HOMEOWNER
For property tax, the Department of Finance values this co-op as if it were a rental building. Its 2022 estimate: gross income $20,133,854 a year ($51.09 per sq ft), operating expenses $8,256,102 ($20.95 per sq ft), net operating income $11,877,752. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.
| Energy grade (LL33) | D — ENERGY STAR score 37/100, posted at the entrance by law (2022 disclosure cycle) |
| Heating fuel | NATURALGAS |
| Facade (Local Law 11) | SAFE (cycle 9) |
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.
| Subway | Grand Central-42 St — 4 5 6 7 S · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: 2 Av / E 41 St — M15 · 250 ft |
| Citi Bike | E 39 St & 2 Ave · 400 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: The River School 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.
301 East 40 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 |
87 311 service requests from this address in the last three years — 1 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 AKAM ASSOCIATES, INC. — 372 buildings, 55,744 units. Grades across the portfolio: A328 · B33 · C5. See the whole portfolio
showing 60 of 372 buildings
Most recent mortgage recorded against this lot: $5,400,000 on 2022-07-19 (lender: Principal Life Insurance Company). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2026-09-30 | RPTT&RET $1,326,000 — from SHAHLAPOUR, ZAHRA to OSMANI, JULIA; OSMANI, GENC | $1,326,000 | |
| 2026-09-30 | Sold for $600,000 | $600,000 | $1,671 |
| 2026-09-17 | RPTT&RET $400,000 — from TEGNAZIAN, PAUL to TOBIAS, JEFFREY E; TOBIAS, ASHLEY; TOBIAS, HOLLY A | $400,000 | |
| 2026-09-16 | Sold for $1,326,000 | $1,326,000 | $3,694 |
| 2026-09-10 | Sold for $400,000 | $400,000 | $1,114 |
| 2026-08-28 | RPTT&RET $2,370,000 — from CRIBBIN, COLETTE; BALIGA, GURUDUTT to SHAHLAPOUR, SHEILA; SHAHLAPOUR, ZAHRA | $2,370,000 | |
| 2026-08-12 | Sold for $2,370,000 | $2,370,000 | $6,602 |
| 2026-08-06 | RPTT&RET $395,000 — from HUMPHREYS, ROBERT to ASSASSI, AZEDINE; ASSASSI, AMIR | $395,000 | |
| 2026-07-27 | RPTT&RET $570,000 — from ORLOWSKI, BRIAN to SUTER, PATRICK | $570,000 | |
| 2026-07-27 | Sold for $395,000 | $395,000 | $1,100 |
| 2026-07-16 | RPTT&RET $405,000 — from 305 EAST 40TH OWNERS CORP. to PROVENZANO, GINA | $405,000 | |
| 2026-07-14 | RPTT&RET $600,000 — from FONG, KODY to PARK, STELLA SEOYEON | $600,000 | |
| 2026-07-13 | Sold for $600,000 | $600,000 | $1,671 |
| 2026-07-08 | Sold for $570,000 | $570,000 | $1,588 |
| 2026-07-02 | Sold for $405,000 | $405,000 | $1,128 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 11 | 0 | 22 | 42 | 35 | 110 |
| 2018 | 12 | 3 | 19 | 18 | 9 | 61 |
| 2019 | 6 | 0 | 34 | 21 | 14 | 75 |
| 2020 | 11 | 1 | 32 | 18 | 2 | 64 |
| 2021 | 27 | 16 | 26 | 45 | 5 | 119 |
| 2022 | 9 | 5 | 39 | 45 | 9 | 107 |
| 2023 | 15 | 1 | 29 | 19 | 5 | 69 |
| 2024 | 10 | 3 | 37 | 38 | 6 | 94 |
| 2025 | 6 | 4 | 41 | 30 | 10 | 91 |
| 2026 | 5 | 1 | 40 | 25 | 7 | 78 |
Every one of the 1,624 recorded events, 1900–2026, 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