The city's published records show little recorded distress here in the last three years. Less recorded distress than 88% 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 0.9. In ZIP 11220, 69% of residential buildings hold an A and
6% 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
5 service requests in the last three years. Most common: Noise (3) · Consumer Complaint (1) · Food Establishment (1).
Filed construction activity
No permitted work with a declared cost filed in the last decade. Permit
costs cover filed construction work only — they do not capture routine maintenance or repairs done
without a permit.
Rent-stabilization signals
No
Built before 1974 (2005)
Yes
Six or more residential units (11)
Yes
421-a / J-51 tax benefit on the current tax roll
2 of 3 signals present. Buildings receiving 421-a or J-51 benefits are generally required to register their units as rent-stabilized for the duration of the benefit. 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)
L & B REALTY ASSOCIATES,LLC
Head officer
RENATA BURDO
Managing agent
L&B REALTY ASSOCIATES
Last registered
2025-07-01
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
$830,181
$373,581
2026
$897,181
$403,731
2027
$1,428,819
$642,969
The city's market estimate has risen
72% between tax years 2025 and 2027.
Tax exemptions on the roll: 421A 25 YR NO CAP
For property tax, the Department of Finance values this condo
as if it were a rental building. Its 2023 estimate: gross income $234,387 a year
($20.84 per sq ft), operating expenses $69,394
($6.17 per sq ft), net operating income $164,993. These are the
city's estimates from comparable rentals, not the building's actual budget, rents or maintenance
charges.
1 Food Establishment complaint to 311 at this address in the last three years (most often: Food Worker Hygiene) · complaints filed by the public; DOHMH investigates, outcomes aren't published.
Flood exposure
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
53 St — R · 0.3 mi straight-line (about a 7-minute walk) · station accessibility: none 59 St — N R · 0.3 mi straight-line (about a 9-minute walk) · station accessibility: full
Bus
Nearest boarding stop: 55 St / 2 Av — B11 · 150 ft
Citi Bike
53 St & 2 Ave · 350 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.
5 311 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.
2024-04-16HPD 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
2022-02-01311: Elevator — Elevator - Single Device On Property/No Alternate Service
2022-02-01ECB CLASS - 2 violation: REPLACE WORN GIBS WHERE NEEDED. MISSING IN CASE OF FIRE SIGNS. INOPERATIVE CAR PHONE. MAIN LINE CAN BE OPENED WHEN POWER ON. ADJUS$1,562
2022-01-13311: Special Projects Inspection Team (SPIT) — Sign/Awning/Marquee - Illegal/No Permit
2021
2021-12-27Bedbug filing: 0 infested units
2021-11-20311: Noise — Noise: Construction Before/After Hours (NM1)
2021-10-28311: Noise — Noise: Construction Before/After Hours (NM1)
2021-09-20311: Lead — Lead Kit Request (Residential) (L10)
2021-05-06Mortgage assigned — from FEDERAL HOME LOAN MORTGAGE CORPORATION to WILMINGTON TRUST, NATIONAL ASSOCIATION,
2021-05-06Mortgage assigned — from FEDERAL HOME LOAN MORTGAGE CORPORATION to WILMINGTON TRUST, NATIONAL ASSOCIATION,
2021-03-10311: Consumer Complaint — Retail Store
2021-02-23311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2021-02-04Mortgage assigned — from ARBOR AGENCY LENDING, LLC to FEDERAL HOME LOAN MORTGAGE CORPORATION
2021-02-04Agreement $3,325,000 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC$3,325,000
2021-02-04Mortgage $260,813 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC$260,813
2021-02-04Mortgage assigned — from JPMORGAN CHASE BANK, N.A. to ARBOR AGENCY LENDING, LLC
2021-02-04Mortgage assigned — from ARBOR AGENCY LENDING, LLC to FEDERAL HOME LOAN MORTGAGE CORPORATION
2021-02-04Agreement $3,325,000 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC$3,325,000
2021-02-04Mortgage $260,813 — from L&B REALTY ASSOCIATES, LLC to ARBOR AGENCY LENDING, LLC$260,813
2021-02-04Mortgage assigned — from JPMORGAN CHASE BANK, N.A. to ARBOR AGENCY LENDING, LLC
2020
2020-12-30Bedbug filing: 0 infested units
2020-10-19311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2020-03-30311: Non-Emergency Police Matter — Social Distancing
2019-08-05Elevator permit: All work to comply with ASME ANSI A17.1-2000/2003, Chapter 30, Appendix K, Section 3.10.12. All inspections during the progress an$14,000
2019-07-01311: Illegal Parking — Blocked Hydrant
2019-05-06311: DOF Property - Payment Issue — Refund/Credit Info or Status
2019-01-11Bedbug filing: 0 infested units
2018
2018-09-17MAPS — from 5407 2ND AVENUE CONDOMINIUM
2018-09-17CDEC — from L&B REALTY ASSOCIATES,LLC
2018-09-17MAPS — from 5407 2ND AVENUE CONDOMINIUM
2018-09-17CDEC — from L&B REALTY ASSOCIATES,LLC
2017
2017-12-20Job filed: SUBDIVIDE LOT INTO 2 CONDOS #1201 FOR COMMERCIAL , #1202 FOR RESIDENTIAL
2014
2014-10-22FDNY inspection (RISK)
2009
2009-09-09Job filed: NON ILLUMINATED NON ADVERTISING ACCESSORY STOREFRONT AWNING SUBWAY 5407 SUBWAY WITH A FLEXIBLE VALANCE$2,400
2009-07-27Job filed: FILING APPLICATION FOR INTERIOR RENOVATION OF EXISTING STORE. WORK TO INCLUDE INSTALLATION OF FLOOR FINISHES AND INSTALLATION OF PLUMBING FIXTURES. NO$68,000
2009-07-08Job filed: CHANGE USE OF FIRST FLOOR FROM ONE STORE TO TWO COMMERCIAL SPACES$40,000
2008
2008-08-27Tenant complaint: HEATING — HEAT RELATED
2007
2007-03-22Job filed: Installationof mechanical equipment in conjunction with new building application #301496931. All gas plumbing has been filed under application #30149$1,000
2007-01-02Job filed: Install Partitions ,plumbing and mechanical in conjunction with NB # 301496931$3,000
2006
2006-09-18Job filed: Builders Pavement Plan 46' frontage in conjunction with NB# 301496931.
2005
2005-06-30Job filed: Installation of sprinkler system in conjunction with new building application #301496931. No change in use, egress or occupancy under this applicatio$200
2004
2004-04-16Job filed: INSTALLATION OF A HEAVY DUTY SIDEWALK SH ED, 47', DURING BLDG RENOVATION #300149444. NO CHANGE IN USE, EGRESS OR OCCUPANCY. SHED TO COMPLY WITH LL33/
2003
2003-01-28Job filed: NB
2002
2002-12-27Job filed: DM
2002-12-27Job filed: OFF SITE CLEAN FILL SIDEWALK SHED IN CON JUNCTION WITH DEMO APP 40148170