535 recorded events, 1966–2026, from 13 city data systems. The city's paper trail here is mostly 166 311 service requests, 122 HPD complaints, 87 rodent inspections.
Full record, year by year Support this site
A meaningful record of code violations or complaints relative to its peers. More recorded distress than 87% 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 147.5. In ZIP 11216, 38% of residential buildings hold an A and 19% grade D or F. How grades work
Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 1 total — 0 class C (immediately hazardous), 1 class B, 0 class A. Oldest open since 2025-08-03. |
status snapshot refreshed weekly from HPD records
16 heat or hot-water complaints in the last three years (winter 2025–26: 16).
No bedbug-infested units reported in the last three years of filings.
$935 in enforcement penalties imposed (ECB/OATH) in the last three years.
63 service requests in the last three years. Most common: Noise (18) · UNSANITARY CONDITION (8) · HEAT/HOT WATER (8) · Residential Disposal Complaint (6) · Dirty Condition (4) · Snow or Ice (3).
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 (1899) |
| Yes | Six or more residential units (8) |
| No | 421-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 owner(s) | TOWNHOUSE RENTAL, LLC |
| Head officer | GLEN BROWN |
| Managing agent | FREESTONE PROPERTY GROUP LLC |
| Last registered | 2026-07-01 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $1,938,000 | $872,100 |
| 2026 | $2,326,000 | $1,046,700 |
| 2027 | $2,682,000 | $1,206,900 |
The city's market estimate has risen 38% 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.
1 street-flooding or sewer-backup complaints at this address since 2013 (0 in the last three years).
Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.
| Subway | Nostrand Av — A C · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: none Bedford-Nostrand Avs — G · 0.4 mi straight-line (about a 10-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Putnam Av / Nostrand Av — B26 · 450 ft |
| Citi Bike | Putnam Ave & Nostrand Ave · 300 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: P.S. 003 The Bedford Village. 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.
242 Madison 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 |
63 311 service requests from this address in the last three years — 8 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 FREESTONE PROPERTY GROUP LLC — 418 buildings, 2,029 units. Grades across the portfolio: A122 · B90 · C94 · D97 · F15. See the whole portfolio
showing 60 of 418 buildings
Most recent mortgage recorded against this lot: $79,979,094 on 2022-10-07 (lender: Invesco Cmi Investments L.P.), covering 43 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 |
|---|---|---|---|
| 2025-12-23 | Agreement $485,595,000 — from TOWNHOUSE RENTAL III, L.L.C.; TOWNHOUSE RENTAL, L.L.C. to WALKER & DUNLOP, LLC | $485,595,000 | |
| 2022-10-07 | Mortgage $79,979,094 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS L.P. | $79,979,094 | |
| 2022-10-07 | AL&R $79,979,094 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS L.P. | $79,979,094 | |
| 2022-04-14 | Deed $6,000,000 — from MADISON STREET EQUITIES LLC to TOWNHOUSE RENTAL II, L.L.C., | $6,000,000 | |
| 2022-03-29 | Sold for $6,000,000 | $6,000,000 | $750,000 |
| 2016-09-01 | Mortgage $667,082 — from MADISON STREET EQUITIES LLC to JPMORGAN CHASE BANK, N.A. | $667,082 | |
| 2016-09-01 | Agreement $3,300,000 — from JPMORGAN CHASE BANK, N.A. to MADISON STREET EQUITIES LLC | $3,300,000 | |
| 2013-06-24 | Mortgage $2,800,000 — from MADISON STREET EQUITIES LLC to COMMUNITY FEDERAL SAVINGS BANK | $2,800,000 | |
| 2013-06-24 | AL&R $2,800,000 — from MADISON STREET EQUITIES LLC to COMMUNITY FEDERAL SAVINGS BANK | $2,800,000 | |
| 2012-08-08 | Deed $1,250,000 — from EDWARD G. MORAN, TRUSTEE CHP 11 EST CRE to MADISON STREET EQUITIES LLC | $1,250,000 | |
| 2008-09-09 | Mortgage $290,000 — from 500 PUTNAM LLC; CREEKHILL REALTY LLC to NECHADIM CORP., | $290,000 | |
| 2004-05-11 | Deed $10,000 — from PIERCE, LATANYA to CREEKHILL REALTY LLC | $10,000 | |
| 2004-05-05 | M&CON $85,502 — from LATANYA PIERCE to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA | $85,502 | |
| 2002-12-13 | Mortgage $412,500 — from PIERCE, LATANYA to GREENPOINT MORTGAGEFUNDING INC | $412,500 |
| Year | Enforcement | Housing & tenants | Ownership & money | Health & systems | Total |
|---|---|---|---|---|---|
| 2017 | 0 | 5 | 0 | 2 | 7 |
| 2018 | 0 | 5 | 0 | 5 | 10 |
| 2019 | 4 | 10 | 0 | 5 | 19 |
| 2020 | 2 | 12 | 1 | 1 | 16 |
| 2021 | 0 | 21 | 0 | 22 | 43 |
| 2022 | 0 | 25 | 7 | 4 | 36 |
| 2023 | 0 | 78 | 0 | 16 | 94 |
| 2024 | 4 | 18 | 0 | 5 | 27 |
| 2025 | 0 | 34 | 4 | 4 | 42 |
| 2026 | 0 | 51 | 0 | 14 | 65 |
Every one of the 535 recorded events, 1966–2026, is laid out year by year in the full report (print-ready).
Explore: ZIP 11216 · Landlord rankings · How grades work · The map · The Mice Map