The city's published records show little recorded distress here in the last three years. Less recorded distress than 70% 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 6. 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
No heat or hot-water complaints in the last three years.
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
5 service requests in the last three years. Most common: Lead (1) · Water System (1) · Noise (1) · Missed Collection (1) · Sidewalk Condition (1).
Filed construction activity
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.
Rent-stabilization signals
Yes
Built before 1974 (1867)
Yes
Six or more residential units (10)
Yes
421-a / J-51 tax benefit on the current tax roll
3 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)
274 Water Street Owners Corp.
Head officer
RALPH WESTERHOFF
Managing agent
BRICKWORK MANAGEMENT INC.
Last registered
2026-03-19
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
$4,204,800
$1,892,160
2026
$5,046,000
$2,270,700
2027
$6,055,000
$2,724,750
The city's market estimate has risen
44% between tax years 2025 and 2027.
Tax exemptions on the roll: J51
Building systems
Heating fuel
NATURALGAS
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.
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
Subway
Fulton St — 2 3 4 5 A C J Z · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: full Brooklyn Bridge-City Hall — 4 5 6 J Z · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: full
Bus
Nearest boarding stop: Pearl St / Peck Slip — M15 · 250 ft
Citi Bike
Peck Slip & South St · 500 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.
5 311 service requests from this address in the last three years.
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: $285,392 on
2021-12-03 (lender: Valley National 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
2024-03-01
RPTT&RET $1,187,500 — from CLARK, HAROLD EDWARD to BARBEE, NATALI; BARBEE, JOHN HUXLEY
$1,187,500
2024-02-15
Sold for $1,187,500
$1,187,500
$118,750
2021-12-03
Mortgage $285,393 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$285,393
2021-12-03
Agreement $1,100,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$1,100,000
2021-12-03
AL&R $1,100,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$1,100,000
2016-05-10
RPTT&RET $1,600,000 — from BYVOETS, KRISTEN M; MCINTYRE, MICHAEL V to PHELOUNG, LANDY; DECKER, MARY E
$1,600,000
2016-04-29
Sold for $1,600,000
$1,600,000
$160,000
2015-12-30
RPTT&RET $1,115,000 — from HEALY, JOHN T to EDWARD CLARK, III, HAROLD
$1,115,000
2015-09-18
RPTT&RET $1,305,000 — from YOUNGER, ROBERT; YOUNGER, KATHLEEN to GILL, TASHA CHURCHILL; SIZARET, FREDERIC JEAN-YVES
$1,305,000
2015-05-21
AL&R $950,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$950,000
2015-05-21
Agreement $950,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$950,000
2015-05-21
Mortgage $51,646 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
$51,646
2012-05-03
Mortgage $71,747 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK
$71,747
2012-05-03
AL&R $950,000 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK
$950,000
2012-05-03
Agreement $950,000 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK
$950,000
Ten-year activity
20100
2017
2018
2019
2020
2021
2022
11
2023
2024
2025
2026
EnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
0
1
0
2
3
2018
0
3
0
2
5
2019
0
2
0
1
3
2020
1
1
0
1
3
2021
0
3
5
1
9
2022
1
3
0
1
5
2023
2
5
3
1
11
2024
1
3
2
1
7
2025
1
1
0
2
4
2026
0
5
1
0
6
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2026-04-29HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2025-06-04HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2024-12-20311: Water System — LOW WATER PRESSURE - WLWP
2024-12-16FDNY inspection (RISK)
2024-04-01HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2024-03-01RPTT&RET $1,187,500 — from CLARK, HAROLD EDWARD to BARBEE, NATALI; BARBEE, JOHN HUXLEY$1,187,500
2024-02-20311: Lead — Lead Kit Request (Residential) (L10)
2024-02-15Sold for $1,187,500$1,187,500
2024-01-17Boiler inspection
2023
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
2023-03-15HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2023-02-08RPTT&RET — from ESTATE OF WENDY STEWART; GREENBERG, JOEL to GREENBERG, JOEL; GREENBERG, JULIE
2023-02-03RPTT&RET — from ESTATE OF WENDY STEWART; GREENBERG, JOEL to GREENBERG, JOEL
2023-01-31Boiler inspection
2023-01-25Deed transfer (nominal price)
2023-01-02311: Street Condition — Failed Street Repair
2022
2022-11-17311: Street Condition — Failed Street Repair
2022-11-03HPD 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
2022-11-01FDNY inspection (RISK)
2022-02-16HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2022-01-28Boiler inspection
2021
2021-12-03TL&R — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
2021-12-03Mortgage $285,393 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK$285,393
2021-12-03Agreement $1,100,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK$1,100,000
2021-12-03AL&R $1,100,000 — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK$1,100,000
2021-12-03TL&R — from 274 WATER STREET OWNER'S CORP. to VALLEY NATIONAL BANK
2021-04-01HPD class A: (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD
2021-02-25Boiler inspection
2020
2020-11-17311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2020-03-19Boiler inspection
2020-01-13FDNY inspection (RISK)
2019
2019-12-03311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019-04-15Boiler inspection
2019-01-09311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2018
2018-10-24311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2018-10-03311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2018-09-25311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2013-05-28Job filed: REPLACE (1) GAS FIRED HOT WATER BOILER WITH INTEGRAL BURNER FOR HEATING AND (1) GAS FIRED DOMESTIC HOT WATER HEATER. RECONNECT LOW PRESSURE GAS LINE. $71,000
2013-05-28Job filed: REPLACE (1) GAS FIRED HOT WATER BOILER WITH INTEGRAL BURNER FOR HEATING AND (1) GAS FIRED DOMESTIC HOT WATER HEATER. RECONNECT LOW PRESSURE GAS LINE. $71,000
2013-05-28Permit PL — ISSUED
2013-05-28Permit EW — ISSUED
2013-02-04Rodent inspection: Passed
2013-01-02DOB complaint, category ?
2012
2012-05-03Mortgage $71,747 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK$71,747
2012-05-03AL&R $950,000 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK$950,000
2012-05-03TL&R — from FLUSHING SAVINGS BANK, FSB
2012-05-03Mortgage assigned — from FLUSHING SAVINGS BANK, FSB to VALLEY NATIONAL BANK
2012-05-03Agreement $950,000 — from 274 WATER STREET OWNERS CORP. to VALLEY NATIONAL BANK$950,000
2012-05-03TL&R — from FLUSHING SAVINGS BANK, FSB
2012-03-02Rodent inspection: Passed
2011
2011-11-09311: Noise — Noise: Jack Hammering (NC2)
2011-07-11311: Noise — Noise: Construction Before/After Hours (NM1)
2011-02-08Rodent inspection: Passed
2010
2010-06-07Permit AL — ISSUED
2010-04-12Job filed: CORRECT LOT NUMBER ON CO$1,000
2010-03-22Agreement $900,000 — from 274 WATER STREET OWNER'S CORP. to FLUSHING SAVINGS BANK, FSB$900,000
2010-03-22AL&R $900,000 — from 274 WATER STREET OWNER'S CORP. to FLUSHING SAVINGS BANK, FSB$900,000
2010-03-22CERR $900,000 — from 274 WATER STREET OWNER'S CORP. to FLUSHING SAVINGS BANK, FSB$900,000
2010-03-15RPTT&RET $1,112,632 — from 274 WATER STREET OWNERS CORP. to BYVOETS, KRISTEN M; MCINTYRE, MICHAEL V$1,112,632
2010-03-15Mortgage satisfied — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK, FSB
2010-02-18RPTT&RET $892,347 — from 274 WATER STREET OWNERS CORP. to HEALY, JOHN$892,347
2010-01-27Rodent inspection: Passed
2009
2009-12-31DOB violation LBLVIO:
2009-11-05Permit EW — ISSUED
2009-10-13Job filed: FACADE RESTORATION: MASONRY POINTING AND MINOR CRACK REPAIR TO FRONT FACADE AS PER PLANS FILED. NO CHANGE IN USE, EGRESS OR OCCUPANCY.$4,000
2009-10-13Job filed: FACADE RESTORATION: MASONRY POINTING AND MINOR CRACK REPAIR TO FRONT FACADE AS PER PLANS FILED. NO CHANGE IN USE, EGRESS OR OCCUPANCY.$4,000
2009-06-11Permit EW — ISSUED
2009-06-11Permit EQ — ISSUED
2009-06-01Job filed: INSTALL TEMPORARY BRACING, REPAIR EXISTING LINTELS AT GROUND FLOOR AS PER PLANS FILED. NO CHANGE IN USE, EGRESS OR OCCUPANCY.$5,000
2009-06-01Job filed: INSTALL TEMPORARY BRACING, REPAIR EXISTING LINTELS AT GROUND FLOOR AS PER PLANS FILED. NO CHANGE IN USE, EGRESS OR OCCUPANCY.$5,000
2009-02-17Permit EW — ISSUED
2008
2008-12-26Agreement $650,000 — from 274 WATER STREET OWNERS CORP. to FLUSHING SAVINGS BANK FSB$650,000
2008-12-26Mortgage $400,000 — from 274 WATER STREET OWNERS CORP. to FLUSHING SAVINGS BANK FSB$400,000
2008-07-24Job filed: UNDERPINNING WORK IN CONJUCTION WITH NB# 103935191. NO CHANGE IN USE, EGRESS AND OCCUPANCY.$5,000
2006
2006-04-06Mortgage $250,000 — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK FSB$250,000
2006-02-10Permit EW — ISSUED
2005
2005-05-31DOB complaint, category ?
2005-03-10AL&R $1,875,000 — from FLUSHING SAVINGS BANK, FSB to 274 WATER STREET OWNER'S CORP.$1,875,000
2005-03-10M&CON $1,875,000 — from 274 WATER STREET OWNER'S CORP. to FLUSHING SAVINGS BANK, FSB$1,875,000
2004
2004-12-28Permit EQ — ISSUED
2004-12-20Permit EQ — ISSUED
2004-12-07Permit EW — ISSUED
2004-11-08Permit EQ — ISSUED
2004-10-14Job filed: We shall install pipescaffolding, approximately 50' high. it will be used for facade repair. There will be no change in use egress or occupancy.
2004-04-15Permit EW — ISSUED
2003
2003-12-30Permit EQ — ISSUED
2003-11-14Permit EQ — ISSUED
2003-10-28Job filed: WE SHALL INSTALL 40 LINEAR FEET OF SIDEWALK SHED AT 274 WATER STREET DURING EMERGENCY CONDITIONS. THERE WILL BE NO CHANGE IN USE, EGRESS, OR OCCUPANCY
2003-10-28Job filed: WE SHALL INSTALL 40 LINEAR FEET OF SIDEWALK SHED AT 274 WATER STREET DURING EMERGENCY CONDITIONS. THERE WILL BE NO CHANGE IN USE, EGRESS, OR OCCUPANCY
2003-10-28Job filed: WE SHALL INSTALL 40 LINEAR FEET OF SIDEWALK SHED AT 274 WATER STREET DURING EMERGENCY CONDITIONS. THERE WILL BE NO CHANGE IN USE, EGRESS, OR OCCUPANCY
2003-10-10Job filed: Architectural work in conjuction with Fa$10,000
2003-10-10Job filed: Facade repair, Brick repair and restoration only. No change in use egress or occupancy.$100,000
2003-09-30ECB Hazardous violation: FAILURE TO MAINTAIN EXTERIOR BLDG WALL HIGH HAZARD SEVERLY DETERIORATED MASONARY WITH LOOSE BRICKS OBSERVERD AT FRONT FACADE FLOOR
2003-07-18DOB complaint, category ?
2002
2002-11-26Mortgage $150,000 — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK, FSB$150,000
2002-11-26Agreement — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK
2002-11-26Mortgage assigned — from KENNEDY FUNDING INC. to FLUSHING SAVINGS BANK
2002-11-26Mortgage assigned — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK
2002-11-26Mortgage $400,000 — from 274 WATER STREET OWNERS CORP to FLUSHING SAVINGS BANK, FSB$400,000
2002-08-01Job filed: SI
2001
2001-10-03Job filed: CONVERSION TO CLASS 'A' MULTIPLE DWELLING WITH PLUMBING MECHANICAL WORK.$500,000
1999
1999-07-06ECB Non-Hazardous violation: WORK WITHOUT A PERMIT. NOTED REMOVAL OF FIRE ESCAPE FROM FRONT OF FIVE STORY BUILDING WITHOUT APPROVAL FROM DEPARTMENT OF BUILDING$2,500
1999-06-30DOB complaint, category ?
1997
1997-11-18DOB complaint, category ?
1997-10-27ECB Non-Hazardous violation: FAILURE TO MAINTAIN EXTERIOR BUILDING WALL. DEFECT ARE: STUCCO WORK ON FACADE IS MISSING AND CRACKED. LOCATION: 2ND FLOOR TO 4TH F$1,000
1997-10-23DOB complaint, category ?
1995
1995-08-29DOB violation LL6291:
1994
1994-09-01DOB violation LL6291:
1971
1971-09-07Mortgage assigned — from MONGOLIA IMPORTING CORP to TERRY, ANDREW T EXEC; TERRY, SIGMUND IND
1970
1970-04-10Mortgage assigned — from MONGOLIA IMPORTING CO to TERRY, ANDREW EXEC; TERRY, SIGMUND
1969
1969-10-16Deed — from MAGNOLIA IMPORTING CO, to ISSA CORP