3,874 recorded events, 1978–2026, from 17 city data systems. The city's paper trail here is mostly 2,076 HPD complaints, 1,003 311 service requests, 483 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 116.2. In ZIP 10040, 38% of residential buildings hold an A and 9% 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 | 93 total — 14 class C (immediately hazardous), 67 class B, 12 class A. Oldest open since 2017-09-05. |
status snapshot refreshed weekly from HPD records
124 heat or hot-water complaints in the last three years (winter 2023–24: 18 · winter 2024–25: 24 · winter 2025–26: 82). Repeated winter clusters suggest a chronic heating problem.
No bedbug-infested units reported in the last three years of filings.
222 service requests in the last three years. Most common: HEAT/HOT WATER (61) · Noise (45) · PLUMBING (44) · DOOR/WINDOW (15) · PAINT/PLASTER (11) · Water System (11).
$2,317,656 in permitted construction work filed since 2016 (11 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 (1914) |
| Yes | Six or more residential units (45) |
| Yes | 421-a / J-51 tax benefit on the current tax roll |
3 of 3 signals present. Buildings receiving 421-a or J-51 benefits are generally required to register their units as rent-stabilized for the duration of the benefit. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).
| Registered owner(s) | SHERMAN AVENUE REALTY LLC |
| Head officer | MARVIN BASCH |
| Managing agent | US REALTY CORP |
| Last registered | 2026-07-14 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $2,187,000 | $984,150 |
| 2026 | $2,421,000 | $1,089,450 |
| 2027 | $2,578,000 | $1,160,100 |
The city's market estimate has risen 18% between tax years 2025 and 2027.
Tax exemptions on the roll: J51
| Energy grade (LL33) | C — ENERGY STAR score 63/100 (2022 disclosure cycle) |
| Heating fuel | NATURALGAS |
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.
2 street-flooding or sewer-backup complaints at this address since 2010 (1 in the last three years).
Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.
| Subway | Dyckman St — A · 850 ft straight-line (about a 4-minute walk) · station accessibility: none Dyckman St — 1 · 0.2 mi straight-line (about a 5-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: Broadway / Sherman Av — Bx7 M100 · 500 ft |
| Citi Bike | Sherman Ave & Thayer St · 350 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 152 Dyckman Valley Middle: Middle School 322. 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.
40 Sherman 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 |
222 311 service requests from this address in the last three years — 61 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 US REALTY CORP — 54 buildings, 1,876 units. Grades across the portfolio: A12 · B16 · C12 · D11 · F3. See the whole portfolio
Most recent mortgage recorded against this lot: $1,103,933 on 2019-10-07 (lender: JPMorgan Chase Bank, NA). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2019-10-07 | Agreement $3,900,000 — from SHERMAN AVENUE REALTY LLC; 1026 EQUITIES II LLC to JPMORGAN CHASE BANK, NA | $3,900,000 | |
| 2019-10-07 | Mortgage $1,103,934 — from SHERMAN AVENUE REALTY LLC; 1026 EQUITIES II LLC to JPMORGAN CHASE BANK, NA | $1,103,934 | |
| 2015-08-07 | Deed $7,425,000 — from 40 SHERMAN AVENUE LLC to SHERMAN AVENUE REALTY LLC; 1026 EQUITIES II LLC | $7,425,000 | |
| 2012-12-03 | Agreement $3,226,700 — from 40 SHERMAN AVENUE LLC to ARBOR COMMERCIAL FUNDING, LLC | $3,226,700 | |
| 2012-12-03 | Mortgage $3,226,700 — from 40 SHERMAN AVENUE LLC to ARBOR COMMERCIAL FUNDING, LLC | $3,226,700 | |
| 2012-09-17 | RPTT&RET $2,508,508 — from WINDRUNNER PRODUCTIONS, INC.; TIBEIR GSA & INVESTMENT PROPERTIES, LLC; WATSON WORLDWIDE IN to ABSOLUT 2005 TRUST F/K/A JOSEPH KONOWIEC | $2,508,508 | |
| 2007-11-15 | Agreement $10,250,000 — from 145 AUDUBON AVENUE LLC; 40 SHERMAN AVENUE LLC; 608-614 WEST 189TH STREET LLC to COLUMN GUARANTEED LLC | $10,250,000 | |
| 2007-11-15 | Mortgage $1,525,330 — from 40 SHERMAN AVENUE LLC; 145 AUDUBON AVENUE LLC; 608-614 WEST 189TH STREET LLC to COLUMN GUARANTEED LLC | $1,525,330 | |
| 2007-11-15 | SPRD $8,724,670 — from 40 SHERMAN AVENUE LLC; 145 AUDUBON AVENUE LLC; 608-614 WEST 189TH STREET LLC to COLUMN GUARANTEED LLC | $8,724,670 | |
| 2007-11-15 | Deed $5,717,585 — from 40 SHERMAN GROUP LLC; 556 W 156TH STREET LLC to 40 SHERMAN AVENUE LLC | $5,717,585 | |
| 2006-10-12 | AL&R $200,000 — from INDEPENDENCE COMMUNITY BANK to 40 SHERMAN GROUP LLC; 556 W. 156TH STREET LLC | $200,000 | |
| 2006-10-12 | Mortgage $200,000 — from 40 SHERMAN GROUP LLC to INDEPENDENCE COMMUNITY BANK | $200,000 | |
| 2005-10-06 | Mortgage $1,132,027 — from 40 SHERMAN GROUP LLC; 556 W. 156TH STREET LLC to INDEPENDENCE COMMUNITY BANK | $1,132,027 | |
| 2005-10-06 | Agreement $2,500,000 — from 40 SHERMAN GROUP LLC; 556 W. 156TH STREET LLC to INDEPENDENCE COMMUNITY BANK | $2,500,000 | |
| 2005-10-06 | Deed $3,900,000 — from BRISTOL TOWERS LLC; BALAJI HOLDINGS LLC to 40 SHERMAN GROUP LLC; 556 W. 156TH STREET LLC | $3,900,000 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 2 | 0 | 31 | 0 | 9 | 42 |
| 2018 | 1 | 1 | 102 | 0 | 3 | 107 |
| 2019 | 10 | 0 | 145 | 3 | 3 | 161 |
| 2020 | 0 | 2 | 84 | 0 | 1 | 87 |
| 2021 | 6 | 4 | 128 | 0 | 2 | 140 |
| 2022 | 0 | 1 | 100 | 0 | 4 | 105 |
| 2023 | 0 | 1 | 132 | 0 | 3 | 136 |
| 2024 | 0 | 1 | 92 | 0 | 2 | 95 |
| 2025 | 0 | 0 | 137 | 0 | 3 | 140 |
| 2026 | 0 | 0 | 195 | 0 | 0 | 195 |
Every one of the 3,874 recorded events, 1978–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 10040 · Landlord rankings · How grades work · The map · The Mice Map