The city's published records show little recorded distress here in the last three years. Less recorded distress than 60% 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 10.2. In ZIP 10038, 65% of residential buildings hold an A and
7% grade D or F.
How grades work
this building
A
B
C
Among 46,798 6-24-unit residential buildings citywide · left is less recorded distress, right is more
Open with the city right now
No current HPD flags in the latest weekly snapshot: no open violations, no
pending litigation, no active vacate orders, and not in the Alternative Enforcement Program.
Patterns
2 heat or hot-water complaints in the last three years (winter 2024–25: 2).
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
14 service requests in the last three years. Most common: Noise (6) · UNSANITARY CONDITION (2) · Animal (1) · Seasonal Collection (1) · Industrial Waste (1) · PLUMBING (1).
Filed construction activity
$1,392,600 in permitted construction work filed since
2016 (3 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
Yes
Built before 1974 (1816)
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 with HPD — the names behind the building
Registered owner(s)
FOURTH JAM DEVELOPMENT LLC
Head officer
RICHARD NISSMAN
Managing agent
VANGUARD INVESTORS LTD.
Last registered
2025-07-25
as filed by the owner in the building's HPD registration
What the city thinks it's worth
Tax year
City market value
Assessed value
2025
$2,970,000
$1,336,500
2026
$3,564,000
$1,603,800
2027
$4,277,000
$1,924,650
The city's market estimate has risen
44% between tax years 2025 and 2027.
Flood exposure
In the FEMA 1%-annual-chance floodplain (2015 preliminary flood
maps) — lenders typically require flood insurance here.
Hurricane evacuation zone 1 of 6 — zone 1 evacuates first.
In the city's stormwater flood map only under the extreme-storm
scenario (3.66 in/hr cloudburst with 2080 sea levels) — an Ida-scale event.
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
Subway
Fulton St — 2 3 4 5 A C J Z · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: full Brooklyn Bridge-City Hall — 4 5 6 J Z · 0.3 mi straight-line (about an 8-minute walk) · station accessibility: full
Bus
Nearest boarding stop: Pearl St / Beekman St — M15-SBS · 350 ft · Select Bus Service
Citi Bike
Peck Slip & South St · 300 ft · station location as of 2026-09-23; live availability
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.
14 311 service requests from this address in the last three years — 1 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.
Most recent mortgage recorded against this lot: $63,902 on
2019-02-06 (lender: First Republic Bank). Face amount at recording — it may have since been paid
down, refinanced or satisfied. View the recorded
document.
Date
Record
Amount
Per res. unit
2022-02-14
Agreement $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to TD BANK, NATIONAL ASSOCIATION
$2,250,000
2022-02-14
AL&R $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to TD BANK, NATIONAL ASSOCIATION
$2,250,000
2019-02-06
Agreement $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to FIRST REPUBLIC BANK
$2,250,000
2019-02-06
AL&R $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to FIRST REPUBLIC BANK
$2,250,000
2019-02-06
Mortgage $63,902 — from FOURTH JAM DEVELOPMENT LLC to FIRST REPUBLIC BANK
$63,902
2015-05-15
AL&R $2,229,448 — from FOURTH JAM DEVELOPMENT LLC to VNB NEW YORK, LLC
$2,229,448
2015-05-15
Agreement $2,229,448 — from FOURTH JAM DEVELOPMENT LLC to VNB NEW YORK, LLC
$2,229,448
2008-05-28
AL&R $2,400,000 — from FOURTH JAM DEVELOPEMENT LLC to SOVEREIGN BANK
$2,400,000
2008-05-28
Mortgage $1,005,528 — from FOURTH JAM DEVELOPEMENT LLC to SOVEREIGN BANK
$1,005,528
2008-05-28
Agreement $2,400,000 — from SOVEREIGN BANK to FOURTH JAM DEVELOPEMENT LLC
$2,400,000
1998-12-04
Mortgage $1,313,009 — from FOURTH JAM DEVELOPMENT LLC to NATIONSBANK, N.A.
$1,313,009
1996-10-08
Mortgage $325,000 — from FOURTH JAM DEVELOPMENT LLC to STATE BANK OF LONG ISLAND
$325,000
1989-01-04
Mortgage $900,000 — from 232 RESTORATION CORP to MARINE MIDLAND BANKN A
$900,000
Ten-year activity
50250
23
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
2
1
19
0
1
23
2018
2
0
13
0
1
16
2019
0
1
14
5
0
20
2020
2
6
5
0
0
13
2021
0
0
3
0
0
3
2022
0
1
14
4
0
19
2023
0
1
6
0
1
8
2024
0
1
10
0
0
11
2025
0
0
6
0
0
6
2026
0
0
3
0
0
3
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
2026-01-05311: Lead — Lead Kit Request (Residential) (L10)
2025
2025-12-02Bedbug filing: 0 infested units
2025-06-01311: Noise - Vehicle — Engine Idling
2025-05-10311: Noise - Vehicle — Car/Truck Music
2025-05-10311: Noise - Vehicle — Car/Truck Music
2025-03-31311: HEAT/HOT WATER — APARTMENT ONLY
2025-03-31Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2024
2024-12-18Bedbug filing: 0 infested units
2024-11-22HPD class I: §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE
2024-02-07311: Industrial Waste — Wastewater Into Catch Basin (IEB)
2024-01-22311: Seasonal Collection — Christmas Tree
2023
2023-12-14311: Animal-Abuse — Neglected
2023-12-14311: Noise — Noise, Barking Dog (NR5)
2023-12-04Bedbug filing: 0 infested units
2023-11-15HPD class I: §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE
2023-04-12Rodent inspection: Passed
2023-03-07FDNY inspection (RISK)
2023-01-03311: HEAT/HOT WATER — APARTMENT ONLY
2023-01-03Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2022-02-14Agreement $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to TD BANK, NATIONAL ASSOCIATION$2,250,000
2022-02-14AL&R $2,250,000 — from FOURTH JAM DEVELOPMENT LLC to TD BANK, NATIONAL ASSOCIATION$2,250,000
2022-02-14Mortgage assigned — from FIRST REPUBLIC BANK to TD BANK, NATIONAL ASSOCIATION
2022-02-14TL&R — from FIRST REPUBLIC BANK to FOURTH JAM DEVELOPMENT LLC
2022-01-25Bedbug filing: 0 infested units
2022-01-24FDNY inspection (RISK)
2021
2021-10-24311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-10-19311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-06-21311: Bike/Roller/Skate Chronic — N/A
2020
2020-12-31Bedbug filing: 0 infested units
2020-12-23DOB violation AEUHAZ1: FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
2020-11-18ECB CLASS - 2 violation: FAILURE TO MAINTAIN BLDG IN CODE COMPLIANT MANNER. NOTE AT EXP#1 FRONT FACADE STEP CRACKS ABOVE WINDOWS. REMEDY: REPAIR & OR REPLA$312
2020-11-18Permit Sidewalk Shed — Signed-off
2020-11-16Job filed: INSTALLATION OF TEMPORARY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY. SIDEWALK SHED SHALL COMPLY WITH CHAPTER #33 OF THE NYC BU$1,000
2020-10-14DOB violation AEUHAZ1: FAILURE TO CERTIFY CORRECTION ON IMMEDIATELY HAZARDOUS (CLASS 1) ECB VIOLATION
2020-10-02ECB CLASS - 1 violation: FAILURE TO MAINTAIN BUILDING IN CODE-COMPLIANT MANNER NOTED:AT TIME OFINSECTION I OBSERVED AT EXPOSURE# AT FRONT FACADE SEVERAL MO$1,563
2020-08-08311: NonCompliance with Phased Reopening — Business not in compliance
2020-07-21ECB CLASS - 1 violation: FAILURE TO MAINTAIN BUILDING IN A CODE-COMPLIANT MANNER. AT TIME OF INSPECTION, OBSERVED SEVERAL MORTAR CRACKS AND CRACKED BRICKS $1,250
2019-03-01HPD class C: § 27-2033 ADM CODE POST NOTICE, IN FORM APPROVED BY THE DEPARTMENT, STATING THE NAME AND LOCATION OF THE PERSON DESIGNATED BY THE OWNER TO H
2019-03-01HPD class A: § 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BOX SIGN
2019-03-01HPD class A: § 26-1103 ADMIN. CODE: POST AND MAINTAIN A PROPER NOTICE ON WALL OF THE ENTRANCE STORY IN ENGLISH AND SPANISH ON THE AVAILABILITY OF THE AGE
2019-03-01HPD class A: § 27-2053 ADM CODE POST SIGN ON WALL OF ENTRANCE STORY BEARING NAME, ADDRESS INCLUDING APARTMENT NUMBER IF ANY, AND TELEPHONE NUMBER OF SUPE
2019-03-01HPD class A: § 27-2005 HMC: POST, IN A FORM APPROVED BY THE COMMISSIONER, AND MAINTAIN A NOTICE IN A COMMON AREA OF THE BUILDING REGARDING THE PROCEDURES
2019-03-01HPD class A: § 27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND
2019-03-01HPD class A: § 27-2046.1 HMC: POST A PROPER NOTICE OF CARBON MONOXIDE DETECTING DEVICE REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, IN A COMMON
2018-03-30Job filed: FILED IN ORDER TO GET ZONING REVIEW REQUIRED TO PURSE LANDMARKS REVIEW. BUILDING RENOVATION INCLUDING VERTICAL ENLARGEMENT FOR PROPOSED MIXED USE BUIL$695,800
2018-03-30Job filed: FILED IN ORDER TO GET ZONING REVIEW REQUIRED TO PURSE LANDMARKS REVIEW. BUILDING RENOVATION INCLUDING VERTICAL ENLARGEMENT FOR PROPOSED MIXED USE BUIL$695,800
2018-03-23311: Noise — Noise: Construction Before/After Hours (NM1)
2017-11-03HPD class C: § 27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 2A, 2nd STORY, 1st APARTMENT FROM NORT
2017-11-01311: HEAT/HOT WATER — APARTMENT ONLY
2017-11-01Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2017-10-25311: GENERAL — COOKING GAS
2017-10-25311: DOOR/WINDOW — DOOR
2017-10-25311: PLUMBING — WATER SUPPLY
2017-10-25311: HEAT/HOT WATER — APARTMENT ONLY
2017-10-25Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2017-10-25Tenant complaint: DOOR/WINDOW — DOOR
2017-10-25Tenant complaint: GENERAL — COOKING GAS
2017-10-25Tenant complaint: PLUMBING — WATER SUPPLY
2017-07-31311: Sanitation Condition — 15 Street Cond/Dump-Out/Drop-Off
2017-07-25Permit EQ — ISSUED
2017-07-24Job filed: PROPOSED INSTALLATION OF HEAVY DUTY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY.
2015-05-15AL&R $2,229,448 — from FOURTH JAM DEVELOPMENT LLC to VNB NEW YORK, LLC$2,229,448
2015-05-15TL&R — from SANTANDER BANK, N.A.
2015-05-15Agreement $2,229,448 — from FOURTH JAM DEVELOPMENT LLC to VNB NEW YORK, LLC$2,229,448
2015-05-15Mortgage assigned — from SANTANDER BANK, N.A. to VNB NEW YORK, LLC
2015-04-16FDNY inspection (RISK)
2014
2014-10-22Job filed: STRUCTURAL WORK AS SHOWN ON PLANS FILED HEREWITH.
2014-10-22Job filed: STRUCTURAL WORK AS SHOWN ON PLANS FILED HEREWITH.
2014-09-30Job filed: MECHANICAL AND PLUMBING WORK AS SHOWN ON PLANS FILED HEREWITH.
2014-09-30Job filed: MECHANICAL AND PLUMBING WORK AS SHOWN ON PLANS FILED HEREWITH.
2014-09-24Job filed: APPLICATION FOR THE ENLARGEMENT OF EXISTING STRUCTURE AND CREATION OF A COMMERCIAL RETAIL SPACE AT THE GROUND FLOOR. OBTAIN NEW CERTIFICATE OF OCCUPAN$168,820
2013
2013-02-05Rodent inspection: Passed
2013-01-02DOB complaint, category ?
2012
2012-11-10HPD class C: § 27-2070 ADM CODE PROVIDE AN ADEQUATE SUPPLY OF GAS TO THE FIXTURES STOVE IN THE ENTIRE APARTMENT LOCATED AT APT 2B, 2nd STORY, 1st APARTME
2012-11-10HPD class C: § 27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM WEST
2012-11-10HPD class C: § 27-2029 ADM CODE PROVIDE AN ADEQUATE SUPPLY OF HEAT FOR THE APARTMENT IN THE ENTIRE APARTMENT LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT
2012-11-05311: HEATING — HEAT
2012-11-05Tenant complaint: HEATING — HEAT RELATED
2012-03-05Rodent inspection: Passed
2011
2011-11-15311: Water System — Hydrant Running (WC3)