64 recorded events, 2002–2026, from 10 city data systems. The city's paper trail here is mostly 20 311 service requests, 14 ACRIS deeds & mortgages, 13 DOB job filings.
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 88% 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 0.9. In ZIP 11220, 69% 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.
5 service requests in the last three years. Most common: Noise (3) · Consumer Complaint (1) · Food Establishment (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.
| No | Built before 1974 (2005) |
| Yes | Six or more residential units (11) |
| Yes | 421-a / J-51 tax benefit on the current tax roll |
2 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) | L & B REALTY ASSOCIATES,LLC |
| Head officer | RENATA BURDO |
| Managing agent | L&B REALTY ASSOCIATES |
| Last registered | 2025-07-01 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $830,181 | $373,581 |
| 2026 | $897,181 | $403,731 |
| 2027 | $1,428,819 | $642,969 |
The city's market estimate has risen 72% between tax years 2025 and 2027.
Tax exemptions on the roll: 421A 25 YR NO CAP
For property tax, the Department of Finance values this condo as if it were a rental building. Its 2023 estimate: gross income $234,387 a year ($20.84 per sq ft), operating expenses $69,394 ($6.17 per sq ft), net operating income $164,993. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.
| Restaurant | Cuisine | Grade | Notes |
|---|---|---|---|
| Subway | Sandwiches | A | — |
Report to 311: Food poisoning · Food safety complaint
1 restaurant · 0 with mice evidence · See them on the Mice Map
1 Food Establishment complaint to 311 at this address in the last three years (most often: Food Worker Hygiene) · complaints filed by the public; DOHMH investigates, outcomes aren't published.
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 | 53 St — R · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: none 59 St — N R · 0.3 mi straight-line (about a 9-minute walk) · station accessibility: full |
| Bus | Nearest boarding stop: 55 St / 2 Av — B11 · 150 ft |
| Citi Bike | 53 St & 2 Ave · 350 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: 939 (K-4), 503 (5) Middle: J.H.S. 220 John J. Pershing. 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.
5407 2 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 |
| Food poisoning | Food poisoning |
| Food safety complaint | Food safety complaint |
| Anything else | Anything else |
5 311 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 L&B REALTY ASSOCIATES — 2 buildings, 13 units. Grades across the portfolio: A1 · B1. See the whole portfolio
| Building | Borough | Units | Grade |
|---|---|---|---|
| 5407 2 Avenue | BK | 11 | A |
| 586 Bay Street | SI | 2 | B |
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2021-02-04 | Agreement $3,325,000 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC | $3,325,000 | |
| 2021-02-04 | Mortgage $260,813 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC | $260,813 | |
| 2021-02-04 | Agreement $3,325,000 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC | $3,325,000 | |
| 2021-02-04 | Mortgage $260,813 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC | $260,813 |
| Year | Construction | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|---|
| 2017 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2018 | 0 | 0 | 0 | 4 | 0 | 4 |
| 2019 | 0 | 0 | 3 | 0 | 1 | 4 |
| 2020 | 0 | 0 | 5 | 0 | 0 | 5 |
| 2021 | 0 | 0 | 6 | 10 | 0 | 16 |
| 2022 | 0 | 1 | 6 | 0 | 0 | 7 |
| 2023 | 0 | 0 | 3 | 0 | 0 | 3 |
| 2024 | 0 | 0 | 4 | 0 | 1 | 5 |
| 2025 | 0 | 0 | 2 | 0 | 1 | 3 |
| 2026 | 0 | 0 | 1 | 0 | 1 | 2 |
Every one of the 64 recorded events, 2002–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 11220 · Landlord rankings · How grades work · The map · The Mice Map