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40-05 Crescent Street

470Records
12City systems
8Open violations
15.2Penalty rate

470 recorded events, 2002–2026, from 12 city data systems. The city's paper trail here is mostly 294 311 service requests, 67 ACRIS deeds & mortgages, 37 HPD complaints.

BoroughQueens 11101
Built2017
Floors5
Res. units32
ClassRM
Owner (PLUTO)CRESCENT OWNERS LLC
BBL4004067501
BIN4004898

Full record, year by year   Support this site

GRADE A

The city's published records show little recorded distress here in the last three years. Less recorded distress than 58% 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 15.2. In ZIP 11101, 70% of residential buildings hold an A and 5% grade D or F. How grades work

this building
A
B
C

Among 17,252 25-99-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

Open HPD violations8 total — 1 class C (immediately hazardous), 0 class B, 7 class A. Oldest open since 2025-09-11.

status snapshot refreshed weekly from HPD records

Patterns

4 heat or hot-water complaints in the last three years (winter 2024–25: 2 · winter 2025–26: 2). Repeated winter clusters suggest a chronic heating problem.

2
’24–25
2
’25–26

No bedbug-infested units reported in the last three years of filings.

What 311 hears from this address

254 service requests in the last three years. Most common: Illegal Parking (183) · Blocked Driveway (14) · UNSANITARY CONDITION (14) · APPLIANCE (10) · Noise (6) · ELECTRIC (3).

Filed construction activity

$803,000 in permitted construction work filed since 2016 (9 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.

Rent-stabilization signals

NoBuilt before 1974 (2017)
YesSix or more residential units (32)
Yes421-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 with HPD — the names behind the building

Registered owner(s)CRESCENT OWNERS LLC
Head officerGREGORY KALAMARAS
Managing agentRIDGE REALTY MANAGEMENT LLC
Last registered2025-07-10

as filed by the owner in the building's HPD registration

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$1,007,800 $453,510
2026$1,081,500 $486,675
2027$1,101,300 $495,585

The city's market estimate has risen 9% between tax years 2025 and 2027.

Tax exemptions on the roll: 421A 35YR WITH AFF HOUSING PCT

For property tax, the Department of Finance values this condo as if it were a rental building. Its 2023 estimate: gross income $1,147,036 a year ($33.67 per sq ft), operating expenses $296,383 ($8.70 per sq ft), net operating income $850,653. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.

Flood exposure

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.

Getting around

SubwayQueensboro Plaza — 7 N W · 1,000 ft straight-line (about a 5-minute walk) · station accessibility: full
21 St-Queensbridge — M · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: full
BusNearest boarding stop: Queens Plaza South / 27 St — Q100 · 0.2 mi
Citi Bike40 Ave & Crescent St · 150 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: P.S. 112 Dutch Kills
Middle: I.S. 204 Oliver W. Holmes. 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.

Report a problem to 311

40-05 Crescent Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Anything elseAnything else

254 311 service requests from this address in the last three years — 2 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.

The landlord's report card

Managed by RIDGE REALTY MANAGEMENT LLC — 9 buildings, 444 units. Grades across the portfolio: A9. See the whole portfolio

BuildingBoroughUnitsGrade
42-30 Douglaston Parkway QN92 A
41-34 Frame Place QN65 A
25-35 31 Avenue QN55 A
Douglaston Parkway QN49 A
144-25 33 Avenue QN47 A
44-20 Douglaston Parkway QN44 A
38-30 West Drive QN32 A
40-05 Crescent Street QN32 A
31-19 33 Street QN28 A

Sales, deeds & mortgages

DateRecordAmountPer res. unit
2026-02-09Agreement $14,600,000 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $14,600,000
2026-02-09Mortgage $165,953 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $165,953
2026-02-09Agreement $14,600,000 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $14,600,000
2026-02-09Mortgage $165,953 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $165,953
2026-02-09Mortgage $165,953 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $165,953
2026-02-09Agreement $14,600,000 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $14,600,000
2026-02-09Agreement $14,600,000 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $14,600,000
2026-02-09Mortgage $165,953 — from CRESCENT OWNERS LLC to JPMORGAN CHASE BANK NA $165,953
2021-01-13AL&R $2,000,000 — from CRESCENT OWNERS LLC to POPULAR BANK $2,000,000
2021-01-13Mortgage $2,000,000 — from CRESCENT OWNERS LLC to POPULAR BANK $2,000,000
2021-01-13AL&R $16,000,000 — from CRESCENT OWNERS LLC to POPULAR BANK; BANCO POPULAR NORTH AMERICA $16,000,000
2021-01-13Mortgage $2,000,000 — from CRESCENT OWNERS LLC to POPULAR BANK $2,000,000
2021-01-13Agreement $16,000,000 — from BANCO POPULAR NORTH AMERICA; POPULAR BANK to CRESCENT OWNERS LLC $16,000,000
2021-01-13Mortgage $3,500,000 — from CRESCENT OWNERS LLC to BANCO POPULAR NORTH AMERICA; POPULAR BANK $3,500,000
2021-01-13AL&R $2,000,000 — from CRESCENT OWNERS LLC to POPULAR BANK $2,000,000

Ten-year activity

2001000
2017
2018
2019
2020
2021
2022
2023
2024
2025
198
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
201721400016
2018630009
2019520007
202050011016
2021001332045
202201160118
202301180019
202401280029
202501960097
202600174240198
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The full timeline

Construction 25Enforcement 29Housing & tenants 346Ownership & money 67Health & systems 3

Every one of the 470 recorded events, 2002–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 11101 · Landlord rankings · How grades work · The map · The Mice Map