233 recorded events, 1974–2025, from 16 city data systems. The city's paper trail here is mostly 51 311 service requests, 48 HPD complaints, 39 HPD housing violations.
Full record, year by year Support this site
A sustained record of distress well beyond its peers. More recorded distress than 99% 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 179.5. In ZIP 10470, 78% of residential buildings hold an A and 6% 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 | 3 total — 2 class C (immediately hazardous), 0 class B, 1 class A. Oldest open since 2023-03-13. |
status snapshot refreshed weekly from HPD records
9 heat or hot-water complaints in the last three years (winter 2023–24: 9).
No bedbug-infested units reported in the last three years of filings.
7 service requests in the last three years. Most common: HEAT/HOT WATER (3) · ELECTRIC (1) · Boilers (1) · DOOR/WINDOW (1) · Illegal Parking (1).
$12,000 in permitted construction work filed since 2016 (1 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 (1931) |
| No | Six or more residential units (4) |
| 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) | NEREID FUNDING CORP. |
| Head officer | DANIEL PADERNACHT |
| Managing agent | MIDAS PROPERTY MANAGEMENT |
| Last registered | 2025-10-11 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $502,000 | $225,900 |
| 2026 | $602,000 | $270,900 |
| 2027 | $722,000 | $324,900 |
The city's market estimate has risen 44% between tax years 2025 and 2027.
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 | Nereid Av — 2 5 · 1,000 ft straight-line (about a 5-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Nereid Av / Carpenter Av — Bx16 · 100 ft |
| School zones (2024–25 map) | Elementary: P.S. 016 Wakefield Middle: 287, 370. 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.
607 Nereid 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 |
7 311 service requests from this address in the last three years — 3 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 MIDAS PROPERTY MANAGEMENT — 76 buildings, 1,605 units. Grades across the portfolio: A37 · B19 · C13 · D5 · F1. See the whole portfolio
showing 60 of 76 buildings
Most recent mortgage recorded against this lot: $132,290 on 2021-01-15 (lender: Ridgewood Savings 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 |
|---|---|---|---|
| 2021-01-15 | Mortgage $132,290 — from NEREID FUNDING CORP. to RIDGEWOOD SAVINGS BANK | $132,290 | |
| 2021-01-15 | Agreement $525,000 — from NEREID FUNDING CORP. to RIDGEWOOD SAVINGS BANK | $525,000 | |
| 2021-01-15 | AL&R $525,000 — from NEREID FUNDING CORP. to RIDGEWOOD SAVINGS BANK | $525,000 | |
| 2014-03-14 | Mortgage $450,000 — from NEREID FUNDING CORP. to RIDGEWOOD SAVINGS BANK | $450,000 | |
| 2014-03-14 | AL&R $450,000 — from NEREID FUNDING CORP. to RIDGEWOOD SAVINGS BANK | $450,000 | |
| 2013-10-11 | Deed $380,000 — from DOROTHY PFAU, ESQ REFEREE to NEREID FUNDING CORP | $380,000 | |
| 2006-07-06 | Mortgage $100,000 — from WILLIAMS, SYDNEY to JP MORGAN CHASE BANK NA | $100,000 | |
| 2005-04-21 | Mortgage $360,000 — from WILLIAMS, SYDNEY to FLUSHING SAVINGS BANK, FSB | $360,000 | |
| 2005-04-21 | AL&R $360,000 — from FLUSHING SAVINGS BANK, FSB to WILLIAMS, SYDNEY | $360,000 | |
| 2002-12-30 | Mortgage $44,000 — from WILLIAMS, SYDNEY to MIDGETT, ROSIE M. | $44,000 | |
| 2002-12-30 | Mortgage $154,000 — from WILLIAMS, SYDNEY to INTERBAY FUNDING, LLC | $154,000 | |
| 1983-07-13 | Mortgage $50,000 — from MIDGETT, LOUIS; MIDGETT, ROSIE M. to SHEFFIELD ASSOCIATES,INC | $50,001 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 1 | 1 | 19 | 0 | 2 | 23 |
| 2018 | 0 | 1 | 13 | 0 | 4 | 18 |
| 2019 | 0 | 0 | 6 | 0 | 1 | 7 |
| 2020 | 0 | 0 | 1 | 1 | 1 | 3 |
| 2021 | 0 | 0 | 1 | 3 | 0 | 4 |
| 2022 | 0 | 0 | 1 | 0 | 1 | 2 |
| 2023 | 0 | 1 | 4 | 0 | 1 | 6 |
| 2024 | 0 | 1 | 23 | 0 | 1 | 25 |
| 2025 | 0 | 0 | 2 | 0 | 1 | 3 |
| 2026 | 0 | 0 | 0 | 0 | 0 | 0 |
Every one of the 233 recorded events, 1974–2025, is laid out year by year in the full report (print-ready).
Explore: ZIP 10470 · Landlord rankings · How grades work · The map · The Mice Map