69 recorded events, 1968–2025, from 10 city data systems. The city's paper trail here is mostly 22 ACRIS deeds & mortgages, 18 311 service requests, 7 DOB permits.
Full record, year by year Support this site
A sustained record of distress well beyond its peers. More recorded distress than 97% 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 60.7. In ZIP 11225, 70% 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 | 2 total — 2 class C (immediately hazardous), 0 class B, 0 class A. Oldest open since 2024-11-04. |
status snapshot refreshed weekly from HPD records
6 heat or hot-water complaints in the last three years (winter 2024–25: 6).
No bedbug-infested units reported in the last three years of filings.
10 service requests in the last three years. Most common: HEAT/HOT WATER (3) · WATER LEAK (2) · Illegal Parking (2) · Damaged Tree (2) · SAFETY (1).
$47,500 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 (1960) |
| No | Six or more residential units (2) |
| 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) | NYC PACT PRESERVATION PARTNERS LLC |
| Head officer | KERRY KRAMER |
| Managing agent | FAIRSTEAD MANAGEMENT |
| Last registered | 2025-08-14 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,437,000 | $86,220 |
| 2026 | $1,564,000 | $93,840 |
| 2027 | $1,362,000 | $81,720 |
The city's market estimate has fallen 5% between tax years 2025 and 2027.
Tax exemptions on the roll: NYC HOUSING AUTH
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 | Sterling St — 2 5 · 450 ft straight-line (about a 2-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Nostrand Av / Lefferts Av — B44 · 250 ft |
| Citi Bike | Sterling St & Nostrand Ave · 450 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 091 The Albany Avenue School Middle: M.S. 061 Dr. Gladstone H. Atwell. 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.
340 Lefferts 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 |
10 311 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 FAIRSTEAD MANAGEMENT — 207 buildings, 6,649 units. Grades across the portfolio: A51 · B80 · C51 · D16 · F6. See the whole portfolio
showing 60 of 207 buildings
Most recent mortgage recorded against this lot: $34,000,000 on 2023-12-14 (lender: New York City Housing Authority), covering 154 lots — the amount covers all of them. Face amount at recording — it may have since been paid down, refinanced or satisfied. View the recorded document.
| Date | Record | Amount | Per res. unit |
|---|---|---|---|
| 2023-12-14 | MLEA $23,258,391 — from NEW YORK CITY HOUSING AUTHORITY to REID PARK ROCK HOUSING DEVELOPMENT FUND; NYC PACT PRESERVATION PARTNERS LLC | $23,258,391 | |
| 2023-12-14 | Mortgage $34,000,000 — from NYC PACT PRESERVATION PARTNERS LLC; REID PARK ROCK HOUSING DEVELOPMENT FUNDC to NEW YORK CITY HOUSING AUTHORITY | $34,000,000 | |
| 2023-12-14 | Mortgage $249,509,952 — from REID PARK ROCK HOUSING DEVELOPMENT FUNDC; NYC PACT PRESERVATION PARTNERS LLC to NEW YORK CITY HOUSING DEVELOPMENT FUND C | $249,509,952 | |
| 2023-12-14 | Mortgage $166,276,327 — from REID PARK ROCK HOUSING DEVELOPMENT FUNDC; NYC PACT PRESERVATION PARTNERS LLC to MERCHANTS CAPITAL CORP | $166,276,327 | |
| 2023-12-14 | Mortgage $181,723,673 — from NYC PACT PRESERVATION PARTNERS LLC; REID PARK ROCK HOUSING DEVELOPMENT FUNDC to MERCHANTS CAPITAL CORP | $181,723,673 |
| Year | Construction | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|
| 2017 | 0 | 2 | 0 | 1 | 3 |
| 2018 | 0 | 1 | 0 | 1 | 2 |
| 2019 | 0 | 0 | 0 | 1 | 1 |
| 2020 | 0 | 2 | 0 | 1 | 3 |
| 2021 | 0 | 0 | 0 | 1 | 1 |
| 2022 | 0 | 3 | 0 | 3 | 6 |
| 2023 | 0 | 0 | 16 | 1 | 17 |
| 2024 | 0 | 14 | 0 | 1 | 15 |
| 2025 | 5 | 6 | 0 | 0 | 11 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
Every one of the 69 recorded events, 1968–2025, is laid out year by year in the full report (print-ready).
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