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 54.7. In ZIP 11231, 56% of residential buildings hold an A and
6% 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
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
6 heat or hot-water complaints in the last three years (winter 2023–24: 6).
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
60 service requests in the last three years. Most common: Snow or Ice (10) · Blocked Driveway (6) · DOOR/WINDOW (6) · Illegal Parking (4) · For Hire Vehicle Complaint (4) · Noise (4).
Filed construction activity
$774,600 in permitted construction work filed since
2016 (14 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 (1899)
No
Six or more residential units (2)
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)
TOWNHOUSE RENTAL, LLC
Head officer
GLEN BROWN
Managing agent
FREESTONE PROPERTY GROUP LLC
Last registered
2026-07-01
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
$2,258,000
$1,016,100
2026
$2,407,000
$1,083,150
2027
$2,725,000
$1,226,250
The city's market estimate has risen
21% between tax years 2025 and 2027.
Flood exposure
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 5 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
Carroll St — F G · 250 ft straight-line (about a 1-minute walk) · station accessibility: none
Bus
Nearest boarding stop: Smith St / 2 St — B57 · 450 ft
Citi Bike
Smith St & 3 St · 100 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.
60 311 service requests from this address in the last three years — 3 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: $37,787,036 on
2023-06-15 (lender: Invesco Cmi Investments, L.P.,), covering 22 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
2025-12-23
Agreement $485,595,000 — from TOWNHOUSE RENTAL III, L.L.C.; TOWNHOUSE RENTAL, L.L.C. to WALKER & DUNLOP, LLC
$485,595,000
2023-06-15
SPRD $49,088,068 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,
$49,088,068
2023-06-15
AL&R $49,088,068 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,
$49,088,068
2023-06-15
Mortgage $37,787,037 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,
$37,787,037
2023-05-04
Deed $4,833,333 — from 2 3 ST LLC to TOWNHOUSE RENTAL II, L.L.C.
$4,833,333
2023-04-27
Sold for $4,833,333
$4,833,333
$2,416,667
2021-03-09
Mortgage $500,000 — from 2 3 ST LLC to S3 RE FUNDING III LLC
$500,000
2021-03-09
AL&R $1,250,000 — from 2 3 ST LLC to S3 RE FUNDING III LLC
$1,250,000
2021-03-09
Deed $2,505,000 — from JOSEPH ROLLER, AS TRUSTEE; GORINI FAMILY TRUST to 2 3 ST LLC
$2,505,000
2021-03-09
AL&R $500,000 — from 2 3 ST LLC to S3 RE FUNDING III LLC
$500,000
2021-03-09
Mortgage $1,250,000 — from 2 3 ST LLC to S3 RE FUNDING III LLC
$1,250,000
2021-02-24
Sold for $2,505,000
$2,505,000
$1,252,500
Ten-year activity
100500
2017
2018
2019
2020
2021
2022
51
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
0
0
3
0
0
3
2018
0
0
1
0
0
1
2019
0
0
4
0
0
4
2020
0
0
1
0
0
1
2021
6
0
6
6
0
18
2022
9
2
35
0
1
47
2023
9
2
29
11
0
51
2024
0
0
48
0
0
48
2025
0
0
11
4
0
15
2026
0
1
18
0
0
19
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2024-06-03311: Street Sign - Damaged — Other/Unknown
2024-05-30311: Illegal Parking — Blocked Hydrant
2024-05-09311: Blocked Driveway — Partial Access
2024-04-05311: Graffiti — Graffiti
2024-03-06HPD class B: § 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE MECHANICAL VENTILATION SYSTEM AT THE CEILING IN THE 1st BATHROOM FROM NORT
2024-03-06HPD class B: § 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE MORTISE LOCKSET AND ITS ASSEMBLIES AT THE DOOR IN THE ENTRANCE LOCATED AT
2024-03-06HPD class A: § 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE SPRING BALANCE LOWER SASH AT THE 2ND WINDOW FROM WEST AT NORTH IN THE 1st
2023-12-04Job filed: INSTALLATION OF 300 PSF SIDEWALK SHED AND PIPE SCAFFOLDING AS PER PLANS. ALL EQUIPMENT SHALL COMPLY WITH CHAPTER #33 OF THE 2022 CODE. NO CHANGE IN US$5,000
2023-11-06311: Dirty Condition — Trash
2023-10-28311: Blocked Driveway — No Access
2023-10-22311: Illegal Parking — Blocked Hydrant
2023-10-05311: Food Establishment — Pet/Animal
2023-09-07311: Graffiti — Graffiti
2023-07-21Job filed: INTERIOR WORK RENOVATION OF EXISTING RETAIL STORE / EATING AND DRINKING ESTABLISHMENT ON FIRST FLOOR; NON-LOAD BEARING PARTITIONS, PLUMBING WORK FILED$120,000
2023-07-12311: Blocked Driveway — No Access
2023-07-08311: Blocked Driveway — No Access
2023-07-05Job filed: INTERIOR WORK RENOVATION OF EXISTING RETAIL STORE / EATING ANDDRINKING ESTABLISHMENT ON FIRST FLOOR; NON-LOAD BEARINGPARTITIONS; GENERAL CONSTRUCTION $13,500
2023-06-15SPRD $49,088,068 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,$49,088,068
2023-06-15Deed — from TOWNHOUSE RENTAL II, L.L.C. to TOWNHOUSE RENTAL, L.L.C.
2023-06-15AL&R $49,088,068 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,$49,088,068
2023-06-15Mortgage $37,787,037 — from TOWNHOUSE RENTAL, L.L.C. to INVESCO CMI INVESTMENTS, L.P.,$37,787,037
2023-05-25Deed transfer (nominal price)
2023-05-11Permit General Construction — Signed-off
2023-05-09Permit Plumbing — Signed-off
2023-05-04Deed $4,833,333 — from 2 3 ST LLC to TOWNHOUSE RENTAL II, L.L.C.$4,833,333
2023-05-04Mortgage satisfied — from 2 3 ST, LLC to S3 RE FUNDING III LLC
2023-05-04Mortgage satisfied — from 2 3 ST, LLC to S3 RE FUNDING III LLC
2023-05-04TL&R — from S3 RE FUNDING III LLC to 2 3 ST, LLC
2023-05-04TL&R — from S3 RE FUNDING III LLC to 2 3 ST, LLC
2023-04-27Sold for $4,833,333$4,833,333
2023-04-26311: Water System — Leak (Use Comments) (WA2)
2023-04-14Job filed: INTERIOR WORK RENOVATION OF EXISTING RETAIL STORE / EATING ANDDRINKING ESTABLISHMENT ON FIRST FLOOR; NON-LOAD BEARINGPARTITIONS; GENERAL CONSTRUCTION $13,500
2023-04-06Job filed: INTERIOR WORK RENOVATION OF EXISTING RETAIL STORE / EATING AND DRINKING ESTABLISHMENT ON FIRST FLOOR; NON-LOAD BEARING PARTITIONS, PLUMBING WORK FILED$120,000