The city's published records show little recorded distress here in the last three years. Less recorded distress than 84% 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 1.9. In ZIP 10128, 84% of residential buildings hold an A and
1% 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
4 service requests in the last three years. Most common: Noise (4).
Filed construction activity
$5,000 in permitted construction work filed since
2016 (1 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 (16)
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)
407-409 REALTY CO LLC
Head officer
ALEX YELON
Managing agent
BUILDING EQUITY MGMT LLC
Last registered
2025-08-29
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
$2,072,000
$932,400
2026
$2,348,000
$1,056,600
2027
$2,674,000
$1,203,300
The city's market estimate has risen
29% between tax years 2025 and 2027.
Building systems
Heating fuel
NO2FUEL
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
86 St — Q · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: full
Bus
Nearest boarding stop: 1 Av / E 89 St — M15 · 300 ft
Citi Bike
E 89 St & York 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.
4 311 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: $187,776 on
2015-04-14 (lender: Astoria 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
2015-04-14
Agreement $1,000,000 — from 407-409 REALTY CO. LLC to ASTORIA BANK
$1,000,000
2015-04-14
Mortgage $187,776 — from 407-409 REALTY CO. LLC to ASTORIA BANK
$187,776
2011-12-27
AL&R $875,000 — from 407 -409 REALTY CO., LLC to SIGNATURE BANK
$875,000
2011-12-27
M&CON $875,000 — from 407 -409 REALTY CO., LLC to SIGNATURE BANK
$875,000
2003-05-05
M&CON $142,558 — from 407-409 REALTY CO. LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOC.
$142,558
2000-01-31
Mortgage $900,000 — from 407-409 REALTY CO. LLC to FOURTH FEDERAL SAVINGS BANK
$900,000
Ten-year activity
20100
2017
2018
14
2019
2020
2021
2022
2023
2024
2025
2026
ConstructionHousing & tenantsHealth & systems
Show as table
Year
Construction
Housing & tenants
Health & systems
Total
2017
0
0
1
1
2018
0
1
2
3
2019
3
7
4
14
2020
0
4
1
5
2021
0
6
1
7
2022
0
4
3
7
2023
0
3
2
5
2024
0
4
2
6
2025
0
2
2
4
2026
0
0
2
2
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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
2022-02-15HPD 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
2022-01-17311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2022-01-10Rodent inspection: Passed
2021
2021-11-29311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-11-14311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-11-12311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-11-10311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-08-15311: Encampment — N/A
2021-08-01311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-02-23Boiler inspection
2020
2020-12-16Bedbug filing: 0 infested units
2020-11-12Bedbug filing: 0 infested units
2020-08-28311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2020-06-26311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2020-04-27Boiler inspection
2019
2019-11-07Rodent inspection: Passed
2019-10-25HPD 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
2019-10-14Permit Sidewalk Shed — Permit Issued
2019-06-24Boiler inspection
2019-05-30Permit Sidewalk Shed — Permit Issued
2019-05-29Job filed: INSTALLATION OF SIDEWALK SHED AS PER PLANS. SIDEWALK SHED LIVE LOAD 300 PSF SHALL COMPLY WITH CHAPTER #33 OF THE 2014 CODE NO CHANGE TO USE, EGRESS O$5,000
2016-10-25HPD class I: SECTION27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE ?27-2097 AND IS THER