154 recorded events, 1988–2026, from 15 city data systems. The city's paper trail here is mostly 39 ACRIS deeds & mortgages, 29 311 service requests, 23 rodent inspections.
Full record, year by year Support this site
A sustained record of distress well beyond its peers. More recorded distress than 96% of 1-5-unit residential buildings citywide. The citywide median for 1-5-unit residential buildings is 0 penalty points per 10 units; this building carries 53.6. In ZIP 10035, 36% of residential buildings hold an A and 17% grade D or F. How grades work
Among 699,345 1-5-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 1 total — 1 class C (immediately hazardous), 0 class B, 0 class A. Oldest open since 2026-03-22. |
status snapshot refreshed weekly from HPD records
No heat or hot-water complaints in the last three years.
No bedbug-infested units reported in the last three years of filings.
13 service requests in the last three years. Most common: Noise (5) · GENERAL (2) · PLUMBING (2) · UNSANITARY CONDITION (2) · Homeless Person Assistance (1) · FLOORING/STAIRS (1).
No permitted work with a declared cost filed in the last decade. Permit costs cover filed construction work only — they do not capture routine maintenance or repairs done without a permit.
| Yes | Built before 1974 (1909) |
| No | Six or more residential units (5) |
| 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) | Finite Cluster Partners LLC |
| Head officer | Alexander Hajibay |
| Managing agent | LOCUST COVE MANAGEMENT LLC |
| Last registered | 2026-02-12 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,033,000 | $464,850 |
| 2026 | $826,000 | $371,700 |
| 2027 | $888,000 | $399,600 |
The city's market estimate has fallen 14% between tax years 2025 and 2027.
Tax exemptions on the roll: ARTICLE XI
| Heating fuel | NO2FUEL |
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 | 125 St — 4 5 6 · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: full 125 St — 2 3 · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Madison Av / E 127 St — M1 · 200 ft |
| Citi Bike | E 128 St & Madison Ave · 350 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 030 Hernandez/Hughes. 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.
1988 Madison Avenue
| 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 |
13 311 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 LOCUST COVE MANAGEMENT LLC — 42 buildings, 1,095 units. Grades across the portfolio: A5 · B12 · C15 · D8 · F2. See the whole portfolio
Most recent mortgage recorded against this lot: $4,750,000 on 2026-01-05 (lender: Customers Bank), covering 12 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 |
|---|---|---|---|
| 2026-01-05 | AL&R $4,750,000 — from FINITE HOMES HOUSING DEVELOPMENT FUND CO; FINITE CLUSTER PARTNERS LLC to CUSTOMERS BANK | $4,750,000 | |
| 2026-01-05 | Mortgage $4,750,000 — from FINITE CLUSTER PARTNERS LLC; FINITE HOMES HOUSING DEVELOPMENT FUND CO to CUSTOMERS BANK | $4,750,000 | |
| 2026-01-05 | Deed $14,517,283 — from FINITE HOMES HOUSING DEVELOPMENT FUND CO; FINITE HOMES LLC to FINITE CLUSTER PARTNERS LLC; FINITE HOMES HOUSING DEVELOPMENT FUND CO | $14,517,283 | |
| 2026-01-05 | Agreement $9,760,852 — from FINITE CLUSTER PARTNERS LLC; FINITE HOMES HOUSING DEVELOPMENT FUND CO to THE CITY OF NEW YORK | $9,760,852 | |
| 2025-12-19 | Sold for $14,517,283 | $14,517,283 | $2,903,457 |
| 2017-10-17 | Mortgage $9,760,852 — from FINITE HOMES HOUSING DEVELOPMENT FUND CO; FINITE HOMES LLC to THE CITY OF NEW YORK; DEPARTMENT OF HOUSING PRESERVATION AND D | $9,760,852 | |
| 2013-10-28 | Deed $9,760,852 — from 127TH STREET CLUSTER LIMITED PARTNERSHIP to FINITE HOMES HOUSING DEVELOPMENT COMPANY | $9,760,852 | |
| 2013-10-28 | Agreement $9,760,852 — from FINITE HOMES HOUSING DEVELOPMENT FUND CO; FINITE HOMES LLC to THE CITY OF NEW YORK; DEPARTMENT OF HOUSING PRESERVATION AND D | $9,760,852 | |
| 2001-09-18 | Mortgage $3,424,000 — from 127TH STREET CLUSTERLIMITED PARTNERSHIP to HPD | $3,424,000 | |
| 1997-09-10 | Mortgage $1,961,300 — from NTF REALTY SERVICESINC. to FLEET BANK | $1,961,300 | |
| 1997-09-10 | Mortgage $11,181,961 — from NTF REALTY SERVICESINC. to FLEET BANK | $11,181,961 |
| Year | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|
| 2017 | 1 | 1 | 5 | 3 | 10 |
| 2018 | 0 | 2 | 0 | 2 | 4 |
| 2019 | 0 | 4 | 0 | 2 | 6 |
| 2020 | 0 | 1 | 0 | 0 | 1 |
| 2021 | 0 | 5 | 0 | 0 | 5 |
| 2022 | 0 | 0 | 0 | 1 | 1 |
| 2023 | 3 | 3 | 0 | 3 | 9 |
| 2024 | 1 | 3 | 1 | 4 | 9 |
| 2025 | 0 | 5 | 1 | 3 | 9 |
| 2026 | 0 | 19 | 9 | 2 | 30 |
Every one of the 154 recorded events, 1988–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 10035 · Landlord rankings · How grades work · The map · The Mice Map