Building report

581 Academy Street · Manhattan · BBL 1022217501 · generated 2026-10-20 · FREE Print / save PDF

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Where the penalty points come from

Open with the city right now

status snapshot refreshed weekly from HPD records

Patterns

10 heat or hot-water complaints in the last three years (winter 2023–24: 6 · winter 2025–26: 2). Repeated winter clusters suggest a chronic heating problem.

1 bedbug-infested unit(s) reported in filings over the last three years.

What 311 hears from this address

307 service requests in the last three years. Most common: Noise (275) · HEAT/HOT WATER (5) · Illegal Parking (4) · DOOR/WINDOW (3) · Lead (3) · GENERAL (3).

Filed construction activity

$128,000 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

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

as filed by the owner in the building's HPD registration

What the city thinks it's worth

The city's market estimate has fallen 4% between tax years 2025 and 2027.

Tax exemptions on the roll: SENIOR CITIZEN HOMEOWNER

For property tax, the Department of Finance values this condo as if it were a rental building. Its 2023 estimate: gross income $1,634,073 a year ($21.23 per sq ft), operating expenses $738,142 ($9.59 per sq ft), net operating income $895,931. These are the city's estimates from comparable rentals, not the building's actual budget, rents or maintenance charges.

Building systems

Flood exposure

Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).

Hurricane evacuation zone 3 of 6 — zone 1 evacuates first.

In the city's stormwater flood map only under the extreme-storm scenario (3.66 in/hr cloudburst with 2080 sea levels) — an Ida-scale event.

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

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.

Report a problem to 311

581 Academy Street Copy address

307 311 service requests from this address in the last three years — 5 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.

The landlord's report card

Managed by VERITAS PROPERTY MANAGEMENT LLC — 140 buildings, 5,208 units. Grades across the portfolio: A120 · B18. See the whole portfolio

showing 60 of 140 buildings

Sales, deeds & mortgages

Ten-year activity

Show as table

Year	Construction	Enforcement	Housing & tenants	Ownership & money	Health & systems	Total
2017	8	1	129	64	19	221
2018	3	2	92	41	17	155
2019	0	7	152	33	12	204
2020	0	7	177	27	2	213
2021	0	12	328	50	5	395
2022	0	2	248	30	5	285
2023	0	4	98	18	2	122
2024	0	6	110	14	6	136
2025	2	2	51	27	3	85
2026	0	1	140	14	1	156

The last 12 months — 172 records

showing the 80 most recent

The full timeline

showing the 2,000 most recent of 3,855 events

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