420 recorded events, 1969–2026, from 15 city data systems. The city's paper trail here is mostly 132 DOB permits, 90 DOB job filings, 64 ACRIS deeds & mortgages.
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 100% 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 0. In ZIP 10022, 72% 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
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.
No heat or hot-water complaints in the last three years.
No bedbug-infested units reported in the last three years of filings.
3 service requests in the last three years. Most common: Damaged Tree (1) · For Hire Vehicle Complaint (1) · Air Quality (1).
$8,482,948 in permitted construction work filed since 2016 (40 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 (1928) |
| Yes | Six or more residential units (23) |
| 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) | 447 EAST 57TH STREET CORPORATION |
| Head officer | RICHARD J HIRSCHMAN |
| Managing agent | WALLACK MANAGEMENT COMPANY, INC. |
| Last registered | 2025-11-01 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $18,184,000 | $8,182,800 |
| 2026 | $20,405,000 | $9,182,250 |
| 2027 | $22,336,000 | $10,051,200 |
The city's market estimate has risen 23% between tax years 2025 and 2027.
Tax exemptions on the roll: COLD WAR VETERAN - DISABILITY
For property tax, the Department of Finance values this co-op as if it were a rental building. Its 2022 estimate: gross income $3,534,644 a year ($49.24 per sq ft), operating expenses $1,272,730 ($17.73 per sq ft), net operating income $2,261,914. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.
| Energy grade (LL33) | A — ENERGY STAR score 87/100 (2022 disclosure cycle) |
| 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 | 59 St — 4 5 6 N R W · 0.4 mi straight-line (about a 10-minute walk) · station accessibility: none 51 St — 6 E F · 0.4 mi straight-line (about an 11-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: E 57 St / Sutton Pl — M31 M57 · 100 ft |
| Citi Bike | E 58 St & 1 Ave (NE Corner) · 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.
447 East 57 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 |
3 311 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.
Managed by WALLACK MANAGEMENT COMPANY, INC. — 61 buildings, 4,120 units. Grades across the portfolio: A59 · B1. See the whole portfolio
showing 60 of 61 buildings
Most recent mortgage recorded against this lot: $1,700,000 on 2020-03-04 (lender: Valley National Bank). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2026-09-03 | RPTT&RET $1,995,000 — from SANDERS, SUSAN to THE MITCHELL RABINOWITZ REVOCABLE TRUST; MITCHELL RABINOWITZ, TRUSTEE; KAREN LEVY, TRUSTEE | $1,995,000 | |
| 2026-08-25 | Sold for $1,995,000 | $1,995,000 | $86,739 |
| 2026-08-05 | RPTT&RET $2,350,000 — from WIEGERS, ELIZABETH to SINGER, BRETT; WOLKENBREIT SINGER, RANDI | $2,350,000 | |
| 2026-07-30 | Sold for $2,350,000 | $2,350,000 | $102,174 |
| 2025-10-24 | RPTT&RET $2,700,000 — from RAYBOULD BLUMGART, SARAH to CHAIT, BENJAMIN; GUERRA, AGOSTINO | $2,700,000 | |
| 2025-10-14 | Sold for $2,700,000 | $2,700,000 | $117,391 |
| 2024-01-22 | RPTT&RET $1,453,000 — from BETH D.TRACHTENBERG, AS EXECUTOR; ESTATE OF RENEE MEYERS to SCHMIDT, NICOLE | $1,453,000 | |
| 2023-12-18 | Sold for $1,453,000 | $1,453,000 | $63,174 |
| 2023-04-17 | RPTT&RET $1,675,000 — from FARRIS, DANIEL to STOWE, SHERRI; STOWE, BARRY | $1,675,000 | |
| 2023-03-30 | Sold for $1,675,000 | $1,675,000 | $72,826 |
| 2022-04-19 | RPTT&RET $5,850,000 — from BEPLER, KIM to CAMPBELL, CHRISTOPHER; PAUMGARTEN, CHRISTINA | $5,850,000 | |
| 2022-03-31 | Sold for $5,850,000 | $5,850,000 | $254,348 |
| 2022-02-03 | RPTT&RET $1,595,000 — from MITCHELL, JAY B; TOWNSEND MITCHELL, PATRICIA to HOCHMAN SCHWARTZ, ELIZABETH; SCHWARTZ, ERIC | $1,595,000 | |
| 2022-01-26 | Sold for $1,595,000 | $1,595,000 | $69,348 |
| 2020-03-04 | AL&R $3,700,000 — from 447 EAST 57TH STREET CORPORATION to VALLEY NATIONAL BANK | $3,700,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 20 | 19 | 7 | 6 | 2 | 54 |
| 2018 | 9 | 2 | 1 | 6 | 2 | 20 |
| 2019 | 3 | 0 | 1 | 4 | 1 | 9 |
| 2020 | 13 | 0 | 3 | 3 | 0 | 19 |
| 2021 | 16 | 9 | 3 | 0 | 0 | 28 |
| 2022 | 12 | 0 | 3 | 4 | 1 | 20 |
| 2023 | 13 | 1 | 4 | 3 | 1 | 22 |
| 2024 | 1 | 0 | 3 | 4 | 0 | 8 |
| 2025 | 4 | 1 | 1 | 8 | 1 | 15 |
| 2026 | 17 | 0 | 1 | 4 | 1 | 23 |
Every one of the 420 recorded events, 1969–2026, is laid out year by year in the full report (print-ready).
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