Building Biography

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240 President Street

225Records
13City systems
4Open violations
9.3Penalty rate

225 recorded events, 1978–2026, from 13 city data systems. The city's paper trail here is mostly 59 311 service requests, 54 HPD complaints, 31 ACRIS deeds & mortgages.

BoroughBrooklyn 11231
Built1920
Floors4
Res. units8
ClassC1
Owner (PLUTO)BROOKLYN 637-240 LLC
BBL3003510013
BIN3004806

Full record, year by year   Support this site

GRADE A

The city's published records show little recorded distress here in the last three years. Less recorded distress than 62% 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 9.3. In ZIP 11231, 56% of residential buildings hold an A and 6% grade D or F. How grades work

this building
A
B
C

Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

Open HPD violations4 total — 1 class C (immediately hazardous), 1 class B, 2 class A. Oldest open since 1993-02-03.

status snapshot refreshed weekly from HPD records

Patterns

No heat or hot-water complaints in the last three years.

No bedbug-infested units reported in the last three years of filings.

$1,250 in enforcement penalties imposed (ECB/OATH) in the last three years.

What 311 hears from this address

4 service requests in the last three years. Most common: Lead (2) · Noise (1) · ELECTRIC (1).

Filed construction activity

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.

Rent-stabilization signals

YesBuilt before 1974 (1920)
YesSix or more residential units (8)
No421-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 with HPD — the names behind the building

Registered owner(s)BROOKLYN 637-240 LLC
Head officerARIK LIFSHITZ
Managing agentDSA MANAGEMENT CO. INC.
Last registered2025-09-09

as filed by the owner in the building's HPD registration

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$2,797,200 $1,258,740
2026$3,357,000 $1,510,650
2027$4,028,000 $1,812,600

The city's market estimate has risen 44% between tax years 2025 and 2027.

Flood exposure

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.

Getting around

SubwayCarroll St — F G · 900 ft straight-line (about a 5-minute walk) · station accessibility: none
BusNearest boarding stop: Court St / President St — B57 · 350 ft
Citi BikeClinton St & Union St · 450 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 032 Samuel Mills Sprole. 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.

Report a problem to 311

240 President Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Anything elseAnything else

4 311 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.

The landlord's report card

Managed by DSA MANAGEMENT CO. INC — 21 buildings, 265 units. Grades across the portfolio: A14 · B3 · C1 · D2. See the whole portfolio

BuildingBoroughUnitsGrade
9 Maiden Lane MN66 A
331 East 108 Street MN29 A
50 Avenue B MN26 B
324 East 13 Street MN22 B
210 East 10 Street MN11 A
412 East 50 Street MN10 A
107 East 35 Street MN10 C
228 East 10 Street MN9 A
335 East 10 Street MN9 A
240 President Street BK8 A
170 Avenue B MN8 A
368 Baltic Street BK8 A
337 East 10 Street MN8 A
174 Avenue B MN8 A
637 Henry Street BK8 B
341 East 10 Street MN8 A
339 East 10 Street MN7 A
343 East 10 Street MN4 A
466 State Street BK3 D
352 East 50 Street MN3 D
143 Grand Street MN0 —

Sales, deeds & mortgages

Most recent mortgage recorded against this lot: $87,074 on 2000-09-01 (lender: HSBC Bank USA). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.

DateRecordAmountPer res. unit
2022-03-10Agreement $3,150,000 — from BROOKLYN 637-240 LLC to JPMORGAN CHASE BANK, N.A. $3,150,000
2015-06-08Mortgage $1,805,377 — from BROOKLYN 637-240 LLC to JPMORGAN CHASE BANK, N.A. $1,805,377
2015-06-08Agreement $3,150,000 — from BROOKLYN 637-240 LLC to JPMORGAN CHASE BANK, N.A. $3,150,000
2012-02-21Deed $1,150,000 — from 240 PRESIDENT STREET LLC to BROOKLYN 637-240 LLC $1,150,000
2012-02-21Mortgage $1,425,000 — from BROOKLYN 637-240 LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA $1,425,000
2000-09-01Mortgage $87,074 — from 240 PRESIDENT ST LLC to HSBC BANK USA $87,074
1992-02-21Mortgage $68,000 — from HYMAN, MEL to ROSEN, LEONARD $68,000
1990-01-12Mortgage $224,000 — from COHEN, ALAN; HYMAN, MEL to SEMINOLE REALTY CO $224,000
1988-11-18Mortgage $350,000 — from HYMAN, MEL; COHEN, ALAN; MATTIOLI, FRANK to SEMINOLE REALTY CO $350,000
1982-05-06Mortgage $130,000 — from 176 UNION STREET RLTY CP to PILUSO, THOMAS $130,000

Ten-year activity

20100
2017
2018
17
2019
2020
2021
2022
2023
2024
2025
2026
EnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
201715006
20180100111
20192130217
202007018
202108019
202215129
2023650112
202421014
202513015
202602013
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The full timeline

Construction 7Enforcement 31Housing & tenants 145Ownership & money 31Health & systems 11

Every one of the 225 recorded events, 1978–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 11231 · Landlord rankings · How grades work · The map · The Mice Map