Building report

491 Gerard Avenue · Bronx · BBL 2023517501 · 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

159 heat or hot-water complaints in the last three years (winter 2023–24: 52 · winter 2024–25: 27 · winter 2025–26: 78). Repeated winter clusters suggest a chronic heating problem.

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

$625 in enforcement penalties imposed (ECB/OATH) in the last three years.

What 311 hears from this address

299 service requests in the last three years. Most common: HEAT/HOT WATER (74) · Noise (73) · PLUMBING (29) · Illegal Parking (22) · DOOR/WINDOW (15) · Water System (12).

Filed construction activity

$396,070 in permitted construction work filed since 2016 (6 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

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

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

What the city thinks it's worth

The city's market estimate has risen 3% between tax years 2025 and 2027.

Tax exemptions on the roll: ARTICLE XI

For property tax, the Department of Finance values this condo as if it were a rental building. Its 2023 estimate: gross income $5,226,917 a year ($32.36 per sq ft), operating expenses $2,090,121 ($12.94 per sq ft), net operating income $3,136,796. 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 4 of 6 — zone 1 evacuates first.

Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.

1 street-flooding or sewer-backup complaints at this address since 2025 (1 in the last three years).

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

491 Gerard Avenue Copy address

299 311 service requests from this address in the last three years — 74 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 WAVECREST MGMT GROUP — 362 buildings, 31,199 units. Grades across the portfolio: A86 · B145 · C84 · D33 · F13. See the whole portfolio

showing 60 of 362 buildings

Sales, deeds & mortgages

Ten-year activity

Show as table

Year	Construction	Enforcement	Housing & tenants	Ownership & money	Health & systems	Total
2017	5	0	7	0	0	12
2018	3	0	2	8	0	13
2019	0	1	24	14	2	41
2020	0	0	42	2	0	44
2021	0	1	155	0	3	159
2022	0	5	105	0	0	110
2023	0	3	144	0	1	148
2024	0	1	217	0	2	220
2025	0	1	103	0	0	104
2026	0	2	189	0	0	191

The last 12 months — 211 records

showing the 80 most recent

The full timeline

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