The city's published records show little recorded distress here in the last three years. Less 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 1.2. In ZIP 10012, 65% 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
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.
2 bedbug-infested unit(s) reported in filings over the last three years.
What 311 hears from this address
5 service requests in the last three years. Most common: Noise (3) · Street Sign (1) · Graffiti (1).
Filed construction activity
$76,000 in permitted construction work filed since
2016 (5 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 (1905)
Yes
Six or more residential units (26)
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)
609 REALTY, LLC & 574 REALTY, LLC
Head officer
LARRY FARKAS
Managing agent
FARKAS MANAGEMENT, LLC
Last registered
2025-09-06
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
$7,568,000
$3,405,600
2026
$8,174,000
$3,678,300
2027
$8,027,000
$3,612,150
The city's market estimate has risen
6% between tax years 2025 and 2027.
Building systems
Heating fuel
NATURALGAS
Flood exposure
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 4 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
Spring St — C E · 750 ft straight-line (about a 4-minute walk) · station accessibility: partial (Downtown only) Prince St — R W · 950 ft straight-line (about a 5-minute walk) · station accessibility: none
Bus
Nearest boarding stop: West Houston St / West Broadway — M21 · 700 ft
Citi Bike
W Broadway & Spring St · 150 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: $600,000 on
2010-05-13 (lender: Capital One, N.A.). Face amount at recording — it may have since been paid
down, refinanced or satisfied. View the recorded
document.
Date
Record
Amount
Per res. unit
2024-04-12
Agreement $7,200,000 — from 574 REALTY LLC; 609 REALTY, LLC to SOHO FUNDING LLC
$7,200,000
2012-03-07
Agreement $6,800,000 — from 609 REALTY, LLC; 574 REALTY LLC to CAPITAL ONE, NATIONAL ASSOCIATION
$6,800,000
2012-03-07
AL&R $6,800,000 — from 574 REALTY, LLC; 609 REALTY LLC to CAPITAL ONE, NATIONAL ASSOCIATION
$6,800,000
2010-05-13
Agreement $7,400,000 — from 609 REALTY LLC; 574 REALTY LLC to CAPITAL ONE, N.A.
$7,400,000
2010-05-13
Mortgage $600,000 — from 609 REALTY LLC; 574 REALTY LLC to CAPITAL ONE, N.A.
$600,000
2010-05-13
Agreement $6,800,000 — from 609 REALTY LLC; 574 REALTY LLC to CAPITAL ONE, N.A.
$6,800,000
2010-05-13
AL&R $6,800,000 — from 574 REALTY LLC; 609 REALTY LLC to CAPITAL ONE, N.A.
$6,800,000
2005-04-21
Mortgage $7,400,000 — from 574 REALTY LLC; 609 REALTY LLC to NORTH FORK BANK
$7,400,000
2005-04-21
AL&R $7,400,000 — from 574 REALTY LLC; 609 REALTY LLC to NORTH FORK BANK
$7,400,000
2005-04-21
Deed $12,250,000 — from CASPI ASSOCIATES to 609 REALTY LLC; 574 REALTY LLC
$12,250,000
Ten-year activity
20100
2017
19
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
0
0
2
0
1
3
2018
3
1
11
0
4
19
2019
0
1
5
0
3
9
2020
0
2
15
0
1
18
2021
0
1
6
0
2
9
2022
2
0
7
0
2
11
2023
2
1
10
0
2
15
2024
0
0
2
4
2
8
2025
4
0
5
0
2
11
2026
0
0
0
0
3
3
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
2023-09-06311: Root/Sewer/Sidewalk Condition — Trees and Sidewalks Program
2023-09-06311: Curb Condition — Broken Curb
2023-05-25DOB complaint, category ?
2023-05-23Permit Sidewalk Shed — Signed-off
2023-05-22Job filed: INSTALLATION OF HEAVY DUTY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE OCCUPANCY OR EGRESS UNDER THIS APPLICATION. SIDEWALK SHED SHALL COMPLY WITH $1,000
2015-03-03DOB violation LBLVIO: VIOLATION ISSUED FOR FAILURE TO FILE ANNUAL BOILER 2013 INSPECTION REPORT
2014
2014-07-30Permit PL — ISSUED
2014-03-27DOB violation E:
2013
2013-10-18DOB violation E:
2012
2012-11-05Permit EW — ISSUED
2012-11-05Job filed: INSTALL NEW METAL CHIMNEY LINER.$32,000
2012-10-15Permit PL — ISSUED
2012-10-15Permit EW — ISSUED
2012-10-15Permit EW — ISSUED
2012-10-15Job filed: REPLACE BOILER AND GAS/OIL BURNER (NYC BOILER NO. 922720-01).CONNECT TO EXISTING GAS SERVICE. ALL PLUMBING WORK FILED UNDER LAA 110578571.$3,000
2012-10-15Job filed: REPLACE BOILER AND GAS/OIL BURNER (NYC BOILER NO. 922720-01).CONNECT TO EXISTING GAS SERVICE. ALL PLUMBING WORK FILED UNDER LAA 110578571.$3,000
2012-08-04ECB CLASS - 3 violation: WORK W/O A PERMIT WORK NOTED AT REAR YARD REPLACE ENTIRE BACK YARD CONCRETE SLAP WORK COMPLETE 100% W/NEW DRAINGE PITCH. REMEDY: O
2012-06-19311: General Construction/Plumbing — Excavation Undermining Adjacent Building
2012-06-19DOB complaint, category ?
2012-06-19DOB complaint, category ?
2012-04-18Rodent inspection: Passed
2012-03-07Agreement $6,800,000 — from 609 REALTY, LLC; 574 REALTY LLC to CAPITAL ONE, NATIONAL ASSOCIATION$6,800,000
2012-03-07Agreement — from FARKAS, JEFFREY; JEFFREY FARKAS, AS CUSTODIAN FOR STEVEN ; LAWRENCE FARKAS, AS CUSTODIAN F to CAPITAL ONE, NATIONAL ASSOCIATION
2012-03-07TL&R — from 609 REALTY LLC; 574 REALTY, LLC to CAPITAL ONE, NATIONAL ASSOCIATION
2012-03-07AL&R $6,800,000 — from 574 REALTY, LLC; 609 REALTY LLC to CAPITAL ONE, NATIONAL ASSOCIATION$6,800,000
2011-08-25Job filed: STRUCTURAL MODIFICATIONS ON THE 1ST FLOOR (SEE INC) AS INDICATED ON DRAWINGS.$10,000
2011-08-25Job filed: DEMOLITION AND CONSTRUCTION WORK ON THE 1ST FLOOR WITH MINOR RELATED WORK ON THE CELLAR LEVEL (SEE INC) AS INDICATED ON DRAWINGS. NO CHANGE IN USE EGR$48,000
2011-08-25Job filed: STRUCTURAL MODIFICATIONS ON THE 1ST FLOOR (SEE INC) AS INDICATED ON DRAWINGS.$10,000
2011-08-25Job filed: MECHANICAL AND PLUMBING CHANGES ON THE 1ST FLOOR WITH MINOR RELATED WORK ON THE CELLAR LEVEL (SEE INC) AS INDICATED ON DRAWINGS. NO CHANGE IN USE EGRE$30,000
2007-06-15Job filed: Installation of structural steel supports for existing parapet and minor brick work. No change in use, egress, or occupancy.$16,000
2007-05-24Permit EQ — ISSUED
2007-05-23Job filed: INSTALL PIPE SCAFFOLD DURING REMEDIAL REPAIRS 26' LONG 48' HIGH AT 425 WEST BROADWAY . NO CHANGE IN USE, EGRESS OR OCCUPANCY.
2007-04-16Permit EQ — ISSUED
2007-04-13Job filed: INSTALL HEAVY DUTY SIDEWALK SHED A TOTAL OF 50LF 425 WEST BROADWAY. DURING REMEDIAL REPAIRS. WORK TO COMPLY WITH LL33/91. NO CHANGE IN USE, EGRESS OR
2006
2006-10-25Job filed: Restoration of the cornice and facade as shown on plans filed herewith. No change in use (u.g.), occupancy or egress.$50,000
2006-10-25Job filed: Restoration of the cornice and facade as shown on plans filed herewith. No change in use (u.g.), occupancy or egress.$50,000
2006-09-07DOB violation E:
2005
2005-05-17Mortgage satisfied — from CASPI, RHODA; CASPI, MOSHE N to SPIEL, NORTON
2005-04-21Mortgage $7,400,000 — from 574 REALTY LLC; 609 REALTY LLC to NORTH FORK BANK$7,400,000
2005-04-21AL&R $7,400,000 — from 574 REALTY LLC; 609 REALTY LLC to NORTH FORK BANK$7,400,000
2005-04-21Deed $12,250,000 — from CASPI ASSOCIATES to 609 REALTY LLC; 574 REALTY LLC$12,250,000
2005-02-22DOB violation E:
2003
2003-09-10DOB violation E:
2003-05-14DOB complaint, category ?
2003-04-17DOB violation LANDMK:
2002
2002-09-26DOB violation E: 1P20684
2002-05-03Job filed: REMOVE EXISTING AIR CONDITIONING UNIT AT FIRST FLOOR REAR YARD AND REPLACE WITH NEW MEA APPROVED A/C UNIT. NO CHANGE IN USE, EGRESS OR OCCUPANCY.$15,000
2002-04-19Permit EW — ISSUED
2002-04-19Permit EW — ISSUED
2002-03-14Job filed: Interior renovation of existing store. Installation of new HVAC unit. No change in use egress or occupancy.$50,000
2000
2000-08-24Permit AL — ISSUED
2000-05-05Job filed: REMOVAL OF MISCELLANEOUS CODE VIOLATIONS INSTALLATION OF EIGHT SPRINKLE HEADS
2000-05-05Job filed: REMOVAL OF MISCELLANEOUS CODE VIOLATIONS INSTALLATION OF EIGHT SPRINKLE HEADS
2000-02-07DOB violation LL6291:
1999
1999-05-28Permit EW — ISSUED
1999-05-28Permit EW — ISSUED
1999-01-20ECB Non-Hazardous violation: 75U5,54U16,50Y14,37G12,36I11. 75-PERFORM & FILE 5 YR TEST. 54-PROPERLYTAG DEVICE W/ CITY ID NO 1P20684. 50-SEAL OIL LEAK. 37-PRO$2,500
1998
1998-10-05ECB Non-Hazardous violation: FAILURE TO FILE A REPORT OF COMPLIANCE WITH LOCAL LAW 16/84 CERTYFING TO THE INSTALLATION OF REQUIRED FIRE PROTECTION SYSTEMS. FIL$2,500
1997
1997-09-16DOB violation LL6291:
1996
1996-03-27ECB Non-Hazardous violation: ALTERED BLDG OCCUPIED WITHOUT A VALID C OF O AS REQUIRED UNDER OPEN ALTERATION#223/81.REMEDY:DISCONTINUE ILELGAL USE OR OBTAIN A
1995
1995-08-29DOB violation LL6291:
1995-07-21Deed — from CASPI, RHODA; CASPI, MOSHE N. to CASPI ASSOCIATES
1994
1994-09-01DOB violation LL6291:
1993
1993-04-14ECB Non-Hazardous violation: ALTERED BUILDING OCCUPIEDWITHOUT A VALID C FO O AS REQUIRED BY OPEN ALTERATION223/81 REMEDY DISCONTINUE USE UNTILE A VALID CERTIFI$350
1992
1992-08-07Mortgage satisfied — from CASPI, MOSHE; CSAPI, RHODA to SPILKEWITZ, IRVING
1991
1991-04-25DOB violation LL1081: 1
1991-01-04DOB violation E:
1988
1988-12-05DOB violation E: (15)..SECURE (51) FILE PROPER FOR INSTALLED OF NEW CONTROLLER
1988-07-19ECB Non-Hazardous violation: ALTERED BUILDING OCCUPIED WITHOUT A VALID C OF O AS REQUIRED BY OPEN ALERATION 223/81. REMEDY: OBTAIN A NEW C OF O.$250
1988-07-19ECB Unknown violation: WORK WITHUT A PERMIT. ALTERATION OF STORE AND STORE FRONT WITHOUT FIRST OBTAINING APPROVAL AND PERMIT. REMEDY: OBATAIN A PER$250
1984
1984-05-03DOB violation LANDMK:
1984-03-28DOB violation LANDMRK:
1984-03-28DOB violation LANDMK:
1981
1981-02-25Mortgage assigned — from SPIEL, NORTN to CASPI, MOSHE N; CASPI, RHODA
1980
1980-05-16MISC — from CITY OF NEW YORK
1978
1978-09-14Mortgage — from CASPI, MOSHE N; CASPI, RHODA to SPIEL, NORTON
1978-05-25Deed — from COMMISSIONER OF FINANCE NY; COMMISSIONER OF FINANCE NY to CITY OF NEW YORK; CITY OF NEW YORK
1978-05-25Deed — from COMMISSIONER OF FINANCE NY; COMMISSIONER OF FINANCE NY to CITY OF NEW YORK; CITY OF NEW YORK
1977
1977-03-29Mortgage assigned — from SPILKEWITZ, IRVING to SPIEL, NORTON
1977-03-29Mortgage assigned — from SPILKEWITZ, IRVING to SPIEL, DAVID
1977-03-29Mortgage assigned — from SPILKEWITZ, IRVING to SPILKEWITZ, MARK
1977-03-29Mortgage assigned — from SPILKEWITZ, IRVING to SPIEL, NORTON
1977-03-29Mortgage assigned — from SPILKEWITZ, IRVING to SPIEL, NORTON
1977-01-07Mortgage assigned — from SPILKEWITZ, IRVING to RINGEL, LISA; RINGEL, EVELYN TR
1977-01-07Mortgage assigned — from SPILKEWITZ, IRVING to RINGEL, EVELYN TR; RINGEL, PAUL
1975
1975-11-26Mortgage assigned — from SPILKEWITZ, IRVING to RINGEL, PAUL; RINGEL, EVELYN TR
1975-11-26Mortgage assigned — from SPILKEWITZ, IRVING to RINGEL, LISA; RINGEL, EVELYN TR
1973
1973-08-17MISC — from LANDMARKS PRSVTN CMNNYC
1972
1972-06-30Mortgage — from CASPI, MOSHE M; CASPI, RHODA to SPILKENWITZ, IRVING
1972-06-15Deed — from SPILKEWITZ, IRVING to CASPI, MOSHE N; CASPI, RHODA
1971
1971-08-03Deed — from SPILKEWITZ, IRVING; MARGOLIS, ABRAHAM to SPILKEWITZ, IRVING
1970
1970-09-21Mortgage assigned — from EXCELSIOR EMPR SVNGETAL; EMPIRE SAVINGS BANKFKA to COHEN, NILI; SPILKEWITZ, MARK