1,035 recorded events, 2008–2026, from 18 city data systems. The city's paper trail here is mostly 288 311 service requests, 277 HPD housing violations, 225 HPD complaints.
Full record, year by year Support this site
A meaningful record of code violations or complaints relative to its peers. More recorded distress than 88% of 25-99-unit residential buildings citywide. The citywide median for 25-99-unit residential buildings is 23.6 penalty points per 10 units; this building carries 182.2. In ZIP 11212, 56% of residential buildings hold an A and 14% grade D or F. How grades work
Among 17,252 25-99-unit residential buildings citywide · left is less recorded distress, right is more
| Open HPD violations | 61 total — 20 class C (immediately hazardous), 33 class B, 8 class A. Oldest open since 2024-05-29. |
status snapshot refreshed weekly from HPD records
80 heat or hot-water complaints in the last three years (winter 2023–24: 61 · winter 2024–25: 4 · winter 2025–26: 2). Repeated winter clusters suggest a chronic heating problem.
No bedbug-infested units reported in the last three years of filings.
173 service requests in the last three years. Most common: UNSANITARY CONDITION (43) · HEAT/HOT WATER (37) · DOOR/WINDOW (23) · PLUMBING (12) · FLOORING/STAIRS (12) · WATER LEAK (9).
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 (2009) |
| Yes | Six or more residential units (56) |
| 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) | 550 WATKINS ST.HOUS.DEV.FUND CO.,INC. |
| Head officer | AARON GRAF |
| Managing agent | THE WAVECREST MNGT TEAM |
| Last registered | 2026-02-10 |
as filed by the owner in the building's HPD registration
| Tax year | City market value | Assessed value |
|---|---|---|
| 2025 | $4,870,000 | $2,191,500 |
| 2026 | $5,754,000 | $2,589,300 |
| 2027 | $4,827,000 | $2,172,150 |
The city's market estimate has fallen 1% between tax years 2025 and 2027.
Tax exemptions on the roll: 420C
| Heating fuel | NATURALGAS |
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 5 of 6 — zone 1 evacuates first.
Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.
2 street-flooding or sewer-backup complaints at this address since 2010 (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 | Rockaway Av — 3 · 0.3 mi straight-line (about an 8-minute walk) · station accessibility: none New Lots Av — L · 0.3 mi straight-line (about an 8-minute walk) · station accessibility: none |
| Bus | Nearest boarding stop: Rockaway Av / Lott Av — B60 · 700 ft |
| Citi Bike | Mother Gaston Blvd & Lott Ave · 450 ft · station location as of 2026-09-23; live availability |
| School zones (2024–25 map) | Elementary: Elementary schools in this district are not zoned. 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.
550 Watkins 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 |
173 311 service requests from this address in the last three years — 37 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 WAVECREST MGMT GROUP — 362 buildings, 31,199 units. Grades across the portfolio: A86 · B145 · C84 · D33 · F13. See the whole portfolio
showing 60 of 362 buildings
Most recent mortgage recorded against this lot: $1,528,007 on 2011-09-26 (lender: The City Of New York), covering 3 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 |
|---|---|---|---|
| 2011-09-26 | Agreement $4,323,501 — from 550 WATKINS STREET LLC; 550 WATKINS STREETHDFC, INC. to THE CITY OF NEW YORK | $4,323,501 | |
| 2011-09-26 | Mortgage $1,528,007 — from 550 WATKINS STREET LLC; 550 WATKINS STREETHDFC, INC. to THE CITY OF NEW YORK | $1,528,007 | |
| 2011-09-26 | Agreement $2,010,987 — from 550 WATKINS STREET LLC; 550 WATKINS STREET HDFC, INC. to THE CITY OF NEW YORK | $2,010,987 | |
| 2009-01-09 | Mortgage $4,899,995 — from 550 WATKINS STREET HOUSING DEV. FUND COM; 550 WATKINS STREET LLC to THE CITY OF NEW YORK | $4,899,995 | |
| 2009-01-09 | Mortgage $2,795,494 — from 550 WATKINS STREET HOUSING DEV. FUND COM; 550 WATKINS STREET LLC to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $2,795,494 | |
| 2009-01-09 | Mortgage $2,010,987 — from 550 WATKINS STREET HOUSING DEV. FUND COM; 550 WATKINS STREET LLC to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $2,010,987 | |
| 2009-01-09 | Mortgage $1,165,013 — from 550 WATKINS STREET LLC; 550 WATKINS STREET HOUSING DEV. FUND COM to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $1,165,013 | |
| 2009-01-09 | Mortgage $4,729,987 — from 550 WATKINS STREET HOUSING DEV. FUND COM; 550 WATKINS STREET LLC to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $4,729,987 | |
| 2009-01-09 | Mortgage $1,853,067 — from 550 WATKINS STREET LLC; 550 WATKINS STREET HOUSING DEV. FUND COM to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $1,853,067 | |
| 2009-01-09 | Mortgage $12,676,933 — from 550 WATKINS STREET LLC; 550 WATKINS STREET HOUSING DEV. FUND COM to NEW YORK CITY HOUSING DEVELOPMENT CORPOR | $12,676,933 |
| Year | Enforcement | Housing & tenants | Health & systems | Total |
|---|---|---|---|---|
| 2017 | 0 | 50 | 0 | 50 |
| 2018 | 0 | 20 | 1 | 21 |
| 2019 | 6 | 20 | 1 | 27 |
| 2020 | 1 | 7 | 4 | 12 |
| 2021 | 0 | 32 | 4 | 36 |
| 2022 | 0 | 42 | 4 | 46 |
| 2023 | 8 | 168 | 7 | 183 |
| 2024 | 0 | 103 | 5 | 108 |
| 2025 | 4 | 181 | 4 | 189 |
| 2026 | 2 | 186 | 1 | 189 |
Every one of the 1,035 recorded events, 2008–2026, is laid out year by year in the full report (print-ready).
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