54 recorded events, 1982–2025, from 7 city data systems. The city's paper trail here is mostly 28 ACRIS deeds & mortgages, 12 HPD housing violations, 5 311 service requests.
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 100% 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 0. In ZIP 11232, 65% of residential buildings hold an A and 8% 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 — 0 class C (immediately hazardous), 3 class B, 0 class A. Oldest open since 2010-08-19. |
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.
1 service requests in the last three years. Most common: Illegal Parking (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 (1920) |
| No | Six or more residential units (3) |
| 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) | 537 40TH STREET LLC |
| Head officer | CHARLES L LUCCHESE |
| Managing agent | OLY PM LLC |
| Last registered | 2026-06-22 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,637,000 | $98,220 |
| 2026 | $1,593,000 | $95,580 |
| 2027 | $1,595,000 | $95,700 |
The city's market estimate has fallen 3% 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 | 36 St — D N R · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: 39 St / 6 Av — B35 B70 · 350 ft |
| Citi Bike | 5 Ave & 41 St · 500 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 024. 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.
537 40 Street
| 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 |
1 311 service request 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 OLY PM LLC — 23 buildings, 409 units. Grades across the portfolio: A13 · B5 · C3 · D2. See the whole portfolio
| Building | Borough | Units | Grade |
|---|---|---|---|
| 3111 Brighton 7 Street | BK | 72 | A |
| 565 85 Street | BK | 67 | A |
| 410 East 25 Street | BK | 57 | A |
| 2315 Cropsey Avenue | BK | 40 | B |
| 1214 Avenue K | BK | 38 | C |
| 4913 8 Avenue | BK | 38 | A |
| 31-19 37th Avenue | QN | 10 | A |
| 2149 Harman Street | QN | 10 | A |
| 703 Lafayette Avenue | BK | 8 | A |
| 6424 11 Avenue | BK | 8 | A |
| 30-50 33 Street | QN | 7 | A |
| 7402 13 Avenue | BK | 6 | C |
| 72-15 65 Place | QN | 6 | B |
| 72-19 65 Place | QN | 6 | A |
| 323 82 Street | BK | 6 | B |
| 72-17 65 Place | QN | 6 | A |
| 71-11 Fresh Pond Road | QN | 5 | D |
| 75 Herkimer Street | BK | 4 | D |
| 86 16 Street | BK | 4 | B |
| 206 18 Street | BK | 3 | B |
| 417 Stanhope Street | BK | 3 | C |
| 537 40 Street | BK | 3 | A |
| 30 Weirfield Street | BK | 2 | A |
Most recent mortgage recorded against this lot: $100,000 on 2017-03-24 (lender: Starboard Realty Associates, L.P.). Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2018-11-21 | Deed $1,230,000 — from FELIX, FRANCISCO to 537 40TH STREET LLC | $1,230,000 | |
| 2018-11-13 | Sold for $1,230,000 | $1,230,000 | $410,000 |
| 2017-03-24 | Mortgage $100,000 — from FELIX, FRANCISCO to STARBOARD REALTY ASSOCIATES, L.P. | $100,000 | |
| 2013-10-18 | Mortgage $25,000 — from FELIX, FRANCISCO to STARBOARD REALTY ASSOCIATES, L.P. | $25,000 | |
| 2006-10-23 | Agreement $410,000 — from FELIX, FRANCISCO to MERS | $410,000 | |
| 2006-10-23 | Mortgage $40,487 — from FELIX, FRANCISCO to MERS | $40,487 | |
| 2006-10-23 | Deed $184,750 — from GENAO, JOSE DEMETRIO; FELIX, FRANCISCO to FELIX, FRANCISCO | $184,750 | |
| 2004-11-08 | Mortgage $370,000 — from FELIX, FRANCISCO A to WASHINGTON MUTUAL BANK, FA | $370,000 | |
| 2003-04-03 | Mortgage $40,000 — from GENAO, JOSE D; FELIX, FRANCISCO to HSBC MORTGAGE CORP (USA) | $40,000 | |
| 2002-07-08 | Mortgage $284,000 — from FELIX, FRANCISCO; GENAO, JOSE DEMETRIO to AMERICAS WHOLESALE LENDER; MORTGAGR ELECTRONICREGISTRATION SYSTEMS | $284,000 | |
| 2000-01-06 | Mortgage $232,107 — from FELIX, FRANCISCO; GENAO, JOSE DEMETRIO to MID ISLAND EQUITIESCORP | $232,107 | |
| 1993-07-07 | Mortgage $65,000 — from PEMBERTON, JOHN; PEMBERTON, FRANCES P to ANCHOR SAVS BANK FSB | $65,000 | |
| 1982-10-21 | Mortgage $7,500 — from PEMBERTON, JOHN; PEMBERTON, FRANCES P to ANCHOR SAVINGS BANK | $7,500 | |
| 1982-05-25 | Mortgage $25,000 — from PEMBERTON, JOHN; PEMBERTON, FRANCES P to IMBRIALE, JENNIE; IMBRIALE, SALVATORE | $25,000 |
| Year | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|
| 2017 | 1 | 1 | 1 | 1 | 4 |
| 2018 | 0 | 1 | 5 | 0 | 6 |
| 2019 | 0 | 2 | 0 | 0 | 2 |
| 2020 | 0 | 0 | 0 | 0 | 0 |
| 2021 | 0 | 3 | 0 | 0 | 3 |
| 2022 | 0 | 4 | 0 | 0 | 4 |
| 2023 | 1 | 3 | 0 | 0 | 4 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 3 | 0 | 0 | 3 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
Every one of the 54 recorded events, 1982–2025, is laid out year by year in the full report (print-ready).
Explore: ZIP 11232 · Landlord rankings · How grades work · The map · The Mice Map