The city's published records show little recorded distress here in the last three years. Less recorded distress than 100% 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 0. In ZIP 10018, 62% of residential buildings hold an A and
8% 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
Open HPD violations
5 total — 0 class C (immediately hazardous), 2 class B, 3 class A. Oldest open since 1994-07-11.
status snapshot refreshed weekly from HPD records
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
1 service requests in the last three years. Most common: Water System (1).
Filed construction activity
$767,440 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
Yes
Built before 1974 (1920)
Yes
Six or more residential units (12)
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)
40TH ST TENANTS CORP
Head officer
BRIAN ALTEN BURG
Managing agent
MAXWELL-KATES INC.
Last registered
2025-09-25
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
$2,745,000
$1,235,250
2026
$3,123,000
$1,405,350
2027
$2,921,000
$1,314,450
The city's market estimate has risen
6% between tax years 2025 and 2027.
For property tax, the Department of Finance values this co-op
as if it were a rental building. Its 2022 estimate: gross income $459,331 a year
($44.47 per sq ft), operating expenses $114,032
($11.04 per sq ft), net operating income $345,298. These are the
city's estimates from comparable rentals, not the building's actual budget, rents or maintenance
charges.
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
Subway
42 St-Bryant Pk — 7 B D F M · 500 ft straight-line (about a 2-minute walk) · station accessibility: none Grand Central-42 St — 4 5 6 7 S · 0.2 mi straight-line (about a 5-minute walk) · station accessibility: full
Bus
Nearest boarding stop: 5 Av / W 39 St — M1 M2 M3 M55 · 500 ft
Citi Bike
E 40 St & 5 Ave · 550 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.
1 311 service request 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: $1,900,000 on
1994-06-10 (lender: Washington Mortgagefinancial Group, Ltd), covering 4 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
2026-05-19
RPTT&RET $15,060 — from 40TH STREET TENANTS CORP. to NAZARIAN, LORIS
$15,060
2022-04-14
RPTT&RET $885,000 — from HAGGERTY, KEVIN; HAGGERTY, RIE to GRIMM, RACHAEL; GRIMM, STEPHEN
$885,000
2019-06-14
AL&R $1,400,000 — from 40TH STREET TENANTS CORPORATON to FIRST REPUBLIC BANK
$1,400,000
2019-06-14
Agreement $1,400,000 — from 40TH STREET TENANTS CORPORATON to FIRST REPUBLIC BANK
$1,400,000
2007-01-31
RPTT&RET $12,500 — from 40TH STREET TENANTS CORP. to YASUMURA, MUTSUO; GREENE YASUMURA, JOY
$12,500
1994-06-10
Mortgage $1,900,000 — from 40TH STREET TENANTSCORPORATION to WASHINGTON MORTGAGEFINANCIAL GROUP, LTD
$1,900,000
1987-02-19
Mortgage $400,000 — from 40TH STREET TENANTSCP to CITIBANK, N.A.
$400,000
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
3
1
19
0
0
23
2018
0
0
22
0
0
22
2019
0
0
3
3
0
6
2020
0
0
2
0
0
2
2021
0
0
2
0
0
2
2022
0
0
3
1
0
4
2023
0
0
3
0
0
3
2024
0
0
2
2
0
4
2025
3
0
1
2
0
6
2026
11
1
0
1
1
14
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
Job filed: INSTALL AN ILLUMINATED ACCESSORY BUSINESS SIGN AND AWNING FOR "JIA WAY MODERN ASIAN KITCHEN". NO CHANGE TO USE, EGRESS OR OCCUPANCY.
2026-06-01
Job filed: INSTALL TEMPORARY CONSTRUCTION FENCE.
2026-05-19
RPTT&RET $15,060 — from 40TH STREET TENANTS CORP. to NAZARIAN, LORIS
2026-04-15
Permit General Construction — Permit Issued
2026-04-02
Job filed: INTERIOR RENOVATION OF AN EXISTING RESTAURANT WITH NEW RESTROOMS, PARTITIONS, AND FINISHES
2026-03-26
Job filed: APPLICATION FILED TO INSTALL KITCHEN EXHAUST SYSTEM (HOOD, DUCTWORK,, MAKE UP AIR AND EXHAUST FAN) FOR EXISTING COMMERCIAL SPACE ATFIRST FLOOR AS PER
2026-03-16
Elevator permit: Furnish and install one (1) Vertical Platform Lift as detailed in the attached drawings. All work will comply with ASME A18.1-201
2026-02-10
FDNY inspection (RISK)
2026-01-14
Permit Plumbing — Permit Issued
2026-01-06
Job filed: PLUMBING INSTALLATION AND MODIFICATION TO AN EXISTING RESTAURANT
2025-12-01
Bedbug filing: 0 infested units
The full timeline
2026
2026-10-14Permit Mechanical Systems — Permit Issued
2026-09-11Permit Sign — Permit Issued
2026-09-11Permit Sign — Permit Issued
2026-08-03Permit Construction Fence — Permit Issued
2026-06-12Job filed: INSTALL AN ILLUMINATED ACCESSORY BUSINESS SIGN AND AWNING FOR "JIA WAY MODERN ASIAN KITCHEN". NO CHANGE TO USE, EGRESS OR OCCUPANCY.$2,990
2026-06-01Job filed: INSTALL TEMPORARY CONSTRUCTION FENCE.$1,000
2026-05-19RPTT&RET $15,060 — from 40TH STREET TENANTS CORP. to NAZARIAN, LORIS$15,060
2026-04-15Permit General Construction — Permit Issued
2026-04-02Job filed: INTERIOR RENOVATION OF AN EXISTING RESTAURANT WITH NEW RESTROOMS, PARTITIONS, AND FINISHES$186,200
2026-03-26Job filed: APPLICATION FILED TO INSTALL KITCHEN EXHAUST SYSTEM (HOOD, DUCTWORK,, MAKE UP AIR AND EXHAUST FAN) FOR EXISTING COMMERCIAL SPACE ATFIRST FLOOR AS PER $50,000
2026-03-16Elevator permit: Furnish and install one (1) Vertical Platform Lift as detailed in the attached drawings. All work will comply with ASME A18.1-201$29,500
2026-02-10FDNY inspection (RISK)
2026-01-14Permit Plumbing — Permit Issued
2026-01-06Job filed: PLUMBING INSTALLATION AND MODIFICATION TO AN EXISTING RESTAURANT$70,000
2025
2025-12-01Bedbug filing: 0 infested units
2025-10-14Job filed: INTERIOR RENOVATION OF AN EXISTING RESTAURANT WITH NEW RESTROOMS, PARTITIONS, AND FINISHES$186,200
2025-06-09TL&R — from JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO to 40T STREET TENANTS CORPORATION
2025-06-09Mortgage satisfied — from 40T STREET TENANTS CORPORATION to JPMORGAN CHASE BANK, NATIONAL ASSOCIATIO
2025-01-10Job filed: INTERIO RENOVATION, INSTALLATION OF (1) NEW 10 TON AC UNIT WITH NEW DUCT WORK, INSTALLATION OF (2) NEW BATHROOMS, NEW BAR AND INSTALLATION OF NEW ADA $171,000
2025-01-10Job filed: INSTALLATION OF COMMERICAL COOKING EQUIPMENT AND PLUMBING FIXTURES$52,000
2024
2024-12-11Bedbug filing: 0 infested units
2024-09-27311: Water System — Hydrant Defective (WC2)
2024-05-15AALR — from FEDERAL DEPOSIT INSURANCE CORPORATION; FIRST REPUBLIC BANK, SAN FRANCISCO, CA; JPMORGAN CH to JPMORGAN CHASE BANK NATIONAL ASSOCIATION
2024-05-15Mortgage assigned — from JPMORGAN CHASE BANK NA; FEDERAL DEPOSIT INSURANCE CORPORATION; FIRST REPUBLIC BANK, SAN FR to JPMORGAN CHASE BANK NATIONAL ASSOCIATION
2022-11-02HPD 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
2022-04-14RPTT&RET $885,000 — from HAGGERTY, KEVIN; HAGGERTY, RIE to GRIMM, RACHAEL; GRIMM, STEPHEN$885,000
2022-01-11Bedbug filing: 0 infested units
2021
2021-04-05Bedbug 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
2018-10-10HPD 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
2017-11-18311: Noise — Noise: Jack Hammering (NC2)
2017-11-06HPD 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
2017-05-07311: Noise - Commercial — Car/Truck Music
2017-04-27Job filed: HEREWITH FILING MINOR ALTERATIONS TO AN EXISTING DWELLING UNIT. WORK TO CONSIST OF GENERAL CONSTRUCTION AND PLUMBING, AS PER PLANS SUBMITTED.$48,050
2016-10-26HPD 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
2011-04-05311: Water System — Hydrant Defective (WC2)
2009
2009-09-04Permit EW — ISSUED
2009-06-25Job filed: PARTIAL RENOVATION OF APARTMENT #5H ON THE 5TH & PENTHOUSE FLOOR. NO CHANGE IN USE, OCCUPANCY OR EGRESS.$15,000
2009-06-25Job filed: PARTIAL RENOVATION OF APARTMENT #5H ON THE 5TH & PENTHOUSE FLOOR. NO CHANGE IN USE, OCCUPANCY OR EGRESS.$15,000
2007
2007-01-31RPTT&RET $12,500 — from 40TH STREET TENANTS CORP. to YASUMURA, MUTSUO; GREENE YASUMURA, JOY$12,500
2006
2006-04-13Permit SG — ISSUED
2005
2005-05-27Permit PL — ISSUED
2004
2004-10-25Job filed: PA
2001
2001-11-28Permit PL — ISSUED
2001-07-13Permit EW — ISSUED
2001-06-07Permit EW — ISSUED
2001-05-29Job filed: Combine Apts. #3G and #3H on the 3rd Floor. No change in use, occupancy, egress or room count.$30,000
2001-05-16Job filed: Exterior Rehabilitation. No change in use, occupancy, egress or room count.$25,000
2000
2000-02-07DOB violation LL6291:
1999
1999-10-14Permit EW — ISSUED
1999-07-23Permit PL — ISSUED
1999-07-22Permit EW — ISSUED
1999-07-22Permit EQ — ISSUED
1999-07-22Permit EW — ISSUED
1999-03-16DOB violation LL6291:
1998
1998-05-04DOB violation LL6291:
1998-01-29DOB complaint, category ?
1998-01-09DOB violation C:
1997
1997-09-16DOB violation LL6291:
1995
1995-08-29DOB violation LL6291:
1994
1994-07-11HPD class B: SECTION 27-2005, 2007 ADM CODE ARRANGE AND MAKE SELF-CLOSING THE DOORS BULKHEAD DOOR TO ROOF
1994-07-11HPD class B: SECTION 27-2005 ADM CODE REPLACE WITH NEW THE BROKEN OR DEFECTIVE EXTERIOR DOOR HANDLE ROOF
1994-07-11HPD class A: SECTION 27-2053 ADM CODE POST SIGN ON WALL OF ENTRANCE STORY BEARING NAME, ADDRESS INCLUDING APARTMENT NUMBER IF ANY, AND TELEPHONE NUMBER O
1994-07-11HPD class A: SECTION 329, M/D LAW AND DEPT. RULES AND REGS. PROVIDE A COMPLETED CERTIFICATE OF INSPECTION VISITS IN A PROPER FRAME READILY ACCESSIBLE FOR
1994-07-11HPD class A: SECTION 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BO
1994-07-08Agreement — from 40TH STREET TENANTSCORPORATION to WASHINGTON MORTGAGEFINANCIAL GROUP, LTD.
1994-07-06HPD class A: D26-20.08,20.09 ADM CODE FILE CERTIFICATION OF SATISFACTORY INSTALLATION OF SMOKE DETECTING DEVICE IN ACCORDANCE WITH H.P.D. RULES AND REGUL
1994-06-10Mortgage assigned — from CITIBANK, NA to WASHINGTON MORTGAGEFINANCIAL GROUP LTD
1994-06-10Mortgage assigned — from WASHINGTON MORTGAGEFINANCIAL GROUP INC to FEDERAL HOME LOAN MORTGAGE CORP
1994-06-10Mortgage $1,900,000 — from 40TH STREET TENANTSCORPORATION to WASHINGTON MORTGAGEFINANCIAL GROUP, LTD$1,900,000
1994-06-10Agreement — from 40TH STREET TENANTS to WASHINGTON MORTGAGEFINANCIAL GROUP, LTD
1994-03-18DOB violation LL6291:
1993
1993-03-18DOB violation LL6291:
1991
1991-04-17Permit AL — ISSUED
1987
1987-02-19Mortgage $400,000 — from 40TH STREET TENANTSCP to CITIBANK, N.A.$400,000
1983
1983-03-22Deed — from ECEE ASSOCIATES to 40 ST.TENANTS CORP.
1983-03-22Agreement — from 40 ST.TENANTS CORP. to CITIBANK, N.A.
1980
1980-04-03Mortgage assigned — from EUROPEAN AMRCN BNK TRST to CITIBANK N A
1980-04-03Mortgage — from E C E E ASSOC to CITIBANK N A