A sustained record of distress well beyond its peers. More recorded distress than 96% of 1-5-unit residential buildings citywide. The citywide median for 1-5-unit residential buildings is 0 penalty
points per 10 units; this building carries 46.8. In ZIP 10014, 69% of residential buildings hold an A and
5% grade D or F.
How grades work
this building
A
C
Among 699,345 1-5-unit residential buildings citywide · left is less recorded distress, right is more
Open with the city right now
Open HPD violations
2 total — 0 class C (immediately hazardous), 1 class B, 1 class A. Oldest open since 2013-11-27.
status snapshot refreshed weekly from HPD records
Patterns
4 heat or hot-water complaints in the last three years (winter 2024–25: 4).
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
29 service requests in the last three years. Most common: Noise (19) · Illegal Parking (5) · For Hire Vehicle Complaint (2) · Real Time Enforcement (1) · UNSANITARY CONDITION (1) · HEAT/HOT WATER (1).
Filed construction activity
$139,440 in permitted construction work filed since
2016 (4 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 (1826)
No
Six or more residential units (5)
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 with HPD — the names behind the building
Registered owner(s)
38 CARMINE PROPERTY OWNER LLC
Head officer
DAVID GLEITMAN
Managing agent
TARGO MANAGEMENT LLC
Last registered
2026-06-29
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
$5,980,000
$2,691,000
2026
$6,022,000
$2,709,900
2027
$7,226,000
$3,251,700
The city's market estimate has risen
21% between tax years 2025 and 2027.
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
W 4 St-Wash Sq — A B C D E F M · 600 ft straight-line (about a 3-minute walk) · station accessibility: full Houston St — 1 · 700 ft straight-line (about a 3-minute walk) · station accessibility: none
Bus
Nearest boarding stop: 6 Av / West Houston St — M55 · 450 ft
Citi Bike
Carmine St & 6 Ave · 350 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.
29 311 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: $7,462,276 on
2026-06-04 (lender: Bds V Reit LLC), covering 7 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
2026-06-04
Mortgage $12,581,141 — from 156 ORCHARD PROPERTY OWNER LLC; 126 FIRST PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER to BDS V REIT LLC
$12,581,141
2026-06-04
Agreement $62,241,390 — from 38 CARMINE PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER to BDS V REIT LLC
$62,241,390
2026-06-04
Mortgage $7,462,276 — from 126 FIRST PROPERTY OWNER LLC; 90 RIVINGTON PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER L to BDS V REIT LLC
$7,462,276
2026-06-04
Deed $7,456,000 — from 38-40 CARMINE STREET CORP. to 38 CARMINE PROPERTY OWNER LLC
$7,456,000
2026-05-14
Sold for $7,456,000
$7,456,000
$1,491,200
2020-03-03
Mortgage $1,105,000 — from 38-40 CARMINE STREET CORP. to SANTANDER BANK, N.A.
$1,105,000
2020-03-03
Agreement $5,355,000 — from 38-40 CARMINE STREET CORP. to SANTANDER BANK, N.A.
$5,355,000
2014-08-14
Mortgage $435,000 — from 38-40 CARMINE STREET CORP to SANTANDER BANK, N.A.
$435,000
2014-08-14
Agreement $4,250,000 — from 38-40 CARMINE STREET CORP to SANTANDER BANK, N.A.
$4,250,000
2010-08-06
Mortgage $2,293,590 — from 38-40 CARMINE STREET CORP. to SOVEREIGN BANK
$2,293,590
2010-08-06
Agreement $3,815,000 — from 38-40 CARMINE STREET CORP. to SOVEREIGN BANK
$3,815,000
2003-06-16
Agreement $1,725,000 — from 38-40 CARMINE STREET CORP. to NORTH FORK BANK
$1,725,000
2003-06-16
Mortgage $354,913 — from 38-40 CARMINE STREET CORP. to NORTH FORK BANK
$354,913
1998-09-28
Mortgage $458,874 — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK
$458,874
1997-01-27
Mortgage $1,000,000 — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK
$1,000,000
Ten-year activity
50250
2017
2018
2019
2020
40
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
4
4
5
0
3
16
2018
0
1
6
0
2
9
2019
0
0
1
0
2
3
2020
0
0
6
2
1
9
2021
2
0
35
1
2
40
2022
0
0
7
0
2
9
2023
0
0
6
0
2
8
2024
0
0
22
0
2
24
2025
0
1
13
0
2
16
2026
1
0
2
10
0
13
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
Job filed: Alteration of two existing apartments to include removal and installation of non-load-bearing partitions related to interior layout modifications, ins
2026-08-21
Mortgage assigned — from BDS V REIT LLC to BDS V LOAN SELLER LLC
2026-08-21
Mortgage assigned — from BDS V LOAN SELLER LLC to BDS 2026-FL17 LLC
2026-08-21
Mortgage assigned — from BDS V REIT LLC to BDS V LOAN SELLER LLC
2026-08-21
Mortgage assigned — from BDS V LOAN SELLER LLC to BDS 2026-FL17 LLC
2026-06-04
Mortgage assigned — from SANTANDER BANK, N.A. to BDS V REIT LLC
2026-06-04
Mortgage $12,581,141 — from 156 ORCHARD PROPERTY OWNER LLC; 126 FIRST PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER to BDS V REIT LLC
2026-06-04
Agreement $62,241,390 — from 38 CARMINE PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER to BDS V REIT LLC
2026-06-04
Mortgage $7,462,276 — from 126 FIRST PROPERTY OWNER LLC; 90 RIVINGTON PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER L to BDS V REIT LLC
2026-06-04
Deed $7,456,000 — from 38-40 CARMINE STREET CORP. to 38 CARMINE PROPERTY OWNER LLC
2026-05-16
311: Noise - Residential — Loud Music/Party
2026-05-14
Sold for $7,456,000
2026-02-16
311: Illegal Parking — Blocked Bike Lane
2025-12-29
Rodent inspection: Passed
2025-12-26
Bedbug filing: 0 infested units
2025-12-09
Boiler inspection
The full timeline
2026
2026-09-23Job filed: Alteration of two existing apartments to include removal and installation of non-load-bearing partitions related to interior layout modifications, ins$103,740
2026-08-21Mortgage assigned — from BDS V REIT LLC to BDS V LOAN SELLER LLC
2026-08-21Mortgage assigned — from BDS V LOAN SELLER LLC to BDS 2026-FL17 LLC
2026-08-21Mortgage assigned — from BDS V REIT LLC to BDS V LOAN SELLER LLC
2026-08-21Mortgage assigned — from BDS V LOAN SELLER LLC to BDS 2026-FL17 LLC
2026-06-04Mortgage assigned — from SANTANDER BANK, N.A. to BDS V REIT LLC
2026-06-04Mortgage $12,581,141 — from 156 ORCHARD PROPERTY OWNER LLC; 126 FIRST PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER to BDS V REIT LLC$12,581,141
2026-06-04Agreement $62,241,390 — from 38 CARMINE PROPERTY OWNER LLC; 153 AVENUE C PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER to BDS V REIT LLC$62,241,390
2026-06-04Mortgage $7,462,276 — from 126 FIRST PROPERTY OWNER LLC; 90 RIVINGTON PROPERTY OWNER LLC; 96 ORCHARD PROPERTY OWNER L to BDS V REIT LLC$7,462,276
2026-06-04Deed $7,456,000 — from 38-40 CARMINE STREET CORP. to 38 CARMINE PROPERTY OWNER LLC$7,456,000
2025-01-18HPD class C: § 27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 4E, 4th STORY, 1st APARTMENT FROM NORT
2025-01-18HPD class C: § 27-2029 ADM CODE PROVIDE AN ADEQUATE SUPPLY OF HEAT FOR THE APARTMENT IN THE ENTIRE APARTMENT LOCATED AT APT 4E, 4th STORY, 1st APARTMENT
2025-01-18HPD class C: § 27-2033 ADM CODE PROVIDE READY ACCESS TO BUILDINGS HEATING SYSTEM BOILER ROOM DOOR LOCKED AT BOILER ROOM
2025-01-18HPD class A: § 27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... LESS THAN 10 SQ.FT CEILING IN THE BATHROOM LOCATED AT A
2021-04-07311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-04-02Bedbug filing: 0 infested units
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
2017-05-01ECB CLASS - 2 violation: PASSAGEWAY 5' WIDE,8' HIGH.PEDESTRIAN PROTECTION DOES NOT MEET CODE SPECIFICATIONS.NOTE:AT TIME OF INSPECTION I OBSERVED SWS IN PL$400
2017-04-25311: General Construction/Plumbing — Sidewalk Shed/Pipe Scafford - Inadequate Defective/None
2017-04-25DOB complaint, category ?
2017-04-19Permit EW — ISSUED
2017-04-19Permit EQ — ISSUED
2017-04-17Job filed: PROPOSED INSTALLATION OF HEAVY DUTY SIDEWALK SHED FOR REMEDIAL REPAIRS AS PER PLANS. NO CHANGE IN USE OCCUPANCY OR EGRESS UNDER THIS APPLICATION. LIVE
2017-04-17Job filed: PROPOSED INSTALLATION OF HEAVY DUTY SIDEWALK SHED FOR REMEDIAL REPAIRS AS PER PLANS. NO CHANGE IN USE OCCUPANCY OR EGRESS UNDER THIS APPLICATION. LIVE
2014-12-09Tenant complaint: HEAT/HOT WATER — ENTIRE BUILDING
2014-09-26Permit EW — ISSUED
2014-09-17Permit PL — ISSUED
2014-09-15Permit EW — ISSUED
2014-08-27Job filed: RENOVATION.$40,000
2014-08-27Job filed: REPLACE THE EXISTING FIRE SUPPRESSION SYSTEMS @1ST FLOOR IN CONJUNCTION WITH THE APPLICATION #101579463. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDE$4,800
2014-08-27Job filed: REPLACE THE EXISTING FIRE SUPPRESSION SYSTEMS @1ST FLOOR IN CONJUNCTION WITH THE APPLICATION #101579463. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDE$4,800
2014-08-14Mortgage $435,000 — from 38-40 CARMINE STREET CORP to SANTANDER BANK, N.A.$435,000
2014-08-14Agreement $4,250,000 — from 38-40 CARMINE STREET CORP to SANTANDER BANK, N.A.$4,250,000
2014-08-05Permit EW — ISSUED
2014-07-22Job filed: RENOVATION.$80,000
2014-06-20Rodent inspection: Passed
2014-04-23Rodent inspection: Failed for Other Reason
2014-04-08311: Rodent — Mouse Sighting
2014-01-25311: HEATING — HEAT
2014-01-25Tenant complaint: HEATING — HEAT RELATED
2014-01-23311: HEATING — HEAT
2014-01-23Tenant complaint: HEATING — HEAT RELATED
2013
2013-12-15311: HEATING — HEAT
2013-12-15Tenant complaint: HEATING — HEAT RELATED
2013-11-27HPD class B: § 27-2005 ADM CODE & 309 M/D LAW ABATE THE NUISANCE CONSISTING OF KEY OPERATE DOOR KNOB AT ROOM DOOR LEADING TO FIRE ESCAPE IN THE 3rd ROOM
2013-11-27HPD class C: § 27-2005 ADM CODE & 309 M/D LAW ABATE THE NUISANCE CONSISTING OF SCALDING HOT WATER EXCEEDING MAXIMUM OF130.F DEGREES AT HOT WATER FIXTURES
2013-11-27HPD class B: § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). MISSING IN THE ENTIRE APARTMENT LOCATED AT APT 4E, 4th STORY
2013-11-27HPD class A: § 300 M/D LAW FILE PLANS AND APPLICATION AND LEGALIZE THE FOLLOWING ALTERATION OR RESTORE TO THE LEGAL CONDITION EXISTING PRIOR TO THE MAKIN
2013-11-27HPD class B: § 27-2005 ADM CODE & 309 M/D LAW ABATE THE NUISANCE CONSISTING OF KEY OPERATE DOOR KNOB AT SOUTH EGRESS DOOR LEADING TO FIRE ESCAPE IN THE 3
2013-11-27HPD class B: § 27-2045 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 4E, 4th STORY
2013-11-25311: HEATING — HEAT
2013-11-25Tenant complaint: HEATING — HEAT RELATED
2008-02-04Tenant complaint: HEATING — HEAT RELATED
2006
2006-09-15Permit EW — ISSUED
2006-09-07Job filed: INSTALL AUTOMATIC FIRE SUPPRESSION SYSTEM IN EXISTING KITCHEN RANGE HOOD. NO CHANGE IN USE, EGRESS OR OCCUPANCY. COOKING EQUIPMENTS AND GAS VALVE WERE$3,000
2005
2005-07-22DOB complaint, category ?
2004
2004-12-23DOB complaint, category ?
2003
2003-11-09Tenant complaint: HEATING — HEAT RELATED
2003-06-16Agreement $1,725,000 — from 38-40 CARMINE STREET CORP. to NORTH FORK BANK$1,725,000
2003-06-16Mortgage $354,913 — from 38-40 CARMINE STREET CORP. to NORTH FORK BANK$354,913
2003-06-16AL&R — from 38-40 CARMINE STREET CORP. to NORTH FORK BANK
2000
2000-08-22DOB complaint, category ?
2000-07-13DOB complaint, category ?
1999
1999-11-23Permit PL — ISSUED
1999-11-23Permit EW — ISSUED
1999-03-16DOB violation LL6291:
1998
1998-09-28Mortgage $458,874 — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK$458,874
1998-09-28Mortgage assigned — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK
1998-09-28Agreement — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK
1997
1997-07-18Permit EQ — ISSUED
1997-07-18Permit EW — ISSUED
1997-07-18Permit EW — ISSUED
1997-07-18Permit EW — ISSUED
1997-01-27Mortgage $1,000,000 — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK$1,000,000
1997-01-27Mortgage assigned — from 38-40 CARMINE STREETCORP. to NORTH FORK BANK
1996
1996-12-02DOB complaint, category ?
1996-06-18DOB complaint, category ?
1996-06-13DOB complaint, category ?
1996-04-25DOB complaint, category ?
1996-04-25Permit EW — ISSUED
1996-04-04ECB Non-Hazardous violation: WORK WITHOUT A PERMIT WORK NOTED ALTER ENTIRE BUILDING WITHOUT FIRST OBTAIN A PERMIT NOTE WORK COMPLETE AT 2FT THROUGH 4TH FL FIRS
1996-04-01DOB complaint, category ?
1996-03-20DOB complaint, category ?
1996-03-05DOB complaint, category ?
1996-02-01Permit PL — ISSUED
1996-02-01Permit PL — ISSUED
1995
1995-12-05Deed — from INGRASSIA, FRANK; INGRASSIA, JOSEPHINE to 38-40 CARMINE STREETCORP.
1995-12-01Permit EW — ISSUED
1995-12-01Permit EW — ISSUED
1966
1966-09-07Mortgage assigned — from VENEZIANO, JOSEPHINETR; BOASI, TOMASO DECD to BOASI, THOMAS