The city's published records show little recorded distress here in the last three years. Less recorded distress than 83% 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 2. In ZIP 11215, 70% of residential buildings hold an A and
4% 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
Open HPD violations
1 total — 0 class C (immediately hazardous), 1 class B, 0 class A. Oldest open since 2011-07-25.
status snapshot refreshed weekly from HPD records
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
12 service requests in the last three years. Most common: Illegal Parking (3) · For Hire Vehicle Complaint (2) · UNSANITARY CONDITION (2) · Abandoned Vehicle (1) · Outdoor Dining (1) · Commercial Disposal Complaint (1).
Filed construction activity
$132,700 in permitted construction work filed since
2016 (4 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 (6)
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)
242 5 AVE LLC
Head officer
NICK VALENTINO
Managing agent
V PROPERTIES
Last registered
2025-09-19
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
$2,983,200
$1,342,440
2026
$3,580,000
$1,611,000
2027
$2,864,000
$1,288,800
The city's market estimate has fallen
4% between tax years 2025 and 2027.
1 Food Establishment complaint to 311 at this address in the last three years (most often: Rodents/Insects/Garbage) · complaints filed by the public; DOHMH investigates, outcomes aren't published.
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
Union St — R · 700 ft straight-line (about a 4-minute walk) · station accessibility: none 7 Av — B Q · 0.5 mi straight-line (about a 12-minute walk) · station accessibility: none
Bus
Nearest boarding stop: 5 Av / Garfield Pl — B63 · 250 ft
Citi Bike
Carroll St & 5 Ave · 150 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.
12 311 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: $23,266 on
2019-11-20 (lender: JPMorgan Chase Bank, N.A.). Face amount at recording — it may have since been paid
down, refinanced or satisfied. View the recorded
document.
Date
Record
Amount
Per res. unit
2019-11-20
Agreement $2,000,000 — from 242 5TH AVE. LLC to JPMORGAN CHASE BANK, N.A.
$2,000,000
2019-11-20
Mortgage $23,267 — from 242 5TH AVE. LLC to JPMORGAN CHASE BANK, N.A.
$23,267
2013-03-06
AL&R $2,300,000 — from 242 5TH AVE. LLC to INVESTORS BANK
$2,300,000
2013-03-06
Agreement $2,300,000 — from 242 5TH AVE. LLC to INVESTORS BANK
$2,300,000
2013-03-06
Mortgage $989,512 — from 242 5TH AVE. LLC to INVESTORS BANK
$989,512
2012-03-22
Agreement $1,339,490 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK
$1,339,490
2008-08-27
AL&R $1,360,000 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK
$1,360,000
2008-08-27
Agreement $1,360,000 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK
$1,360,000
2008-08-11
Mortgage $196,821 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK
$196,821
2008-08-11
Deed $1,850,000 — from PERSICO, MICHAEL to 242 5TH AVE. LLC
$1,850,000
2006-07-05
Agreement $1,192,600 — from WASHINGTON MUTUAL BANK to PERSICO, MICHAEL
$1,192,600
2006-07-05
Mortgage $1,192,600 — from PERSICO, MICHAEL to WASHINGTON MUTUAL BANK
$1,192,600
2006-07-05
Mortgage $499,890 — from PERSICO, MICHAEL to WASHINGTON MUTUAL BANK
$499,890
2003-06-05
Mortgage $730,000 — from PRESICO, MICHAEL to STATEN ISLAND BANK & TRUST
$730,000
2001-03-09
Mortgage $200,000 — from PERSICO, MICHAEL to CHERTOCK, SIDNEY
$200,000
Ten-year activity
20100
2017
2018
2019
2020
2021
17
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
8
0
2
0
2
12
2018
0
0
4
0
1
5
2019
0
0
5
4
1
10
2020
0
0
1
0
1
2
2021
0
0
8
0
1
9
2022
0
6
10
0
1
17
2023
0
0
4
0
2
6
2024
0
0
3
0
3
6
2025
0
0
10
0
2
12
2026
0
0
4
0
3
7
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
2022-06-14ECB CLASS - 2 violation: SPILL SWITCH DEFECTIVE/STORAGE AND DEBRIS IN BOILER ROOM/CHIMNEY CLEANOUT IS NOT FULL SIZE TEE Y INTO CHIMNEY/FLUE NEEDS SUPPORT;C
2022-06-14ECB CLASS - 2 violation: THE GWA BOILER WITH 2013 DATE AND 52,000BTU'S IS INSTALLED WITHOUT A DOB PERMIT;CORRECT VIOLATION AND SUBMIT THE CERTIFICATE OF CO$6,250
2022-06-14ECB CLASS - 2 violation: GWA BOILER=MISSING PRESSURE SET FEED VALVE/MISSING EXPANSION TANK;CORRECT VIOLATION AND SUBMIT THE CERTIFICATE OF CORRECTION$3,125
2022-06-14DOB complaint, category ?
2022-05-29ECB CLASS - 2 violation: AT TIME OF INSPECTION OBSERVED BUILT APPROX. 20'-0" X 20'-0" PERMANENT WOODEN DECK EXTENSION AT REAR OF BUILDING EXPO# 03. PERMIT
2022-05-28311: Noise — Noise: Construction Before/After Hours (NM1)
2022-05-28311: Emergency Response Team (ERT) — After Hours Work - Illegal
2022-05-28DOB complaint, category ?
2022-05-24311: Noise — Noise: Construction Before/After Hours (NM1)
2021-04-05HPD 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
2021-02-25Boiler inspection — defects found
2020
2020-07-20Boiler inspection — defects found
2020-06-03311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019
2019-11-20Agreement $2,000,000 — from 242 5TH AVE. LLC to JPMORGAN CHASE BANK, N.A.$2,000,000
2019-11-20Mortgage assigned — from INVESTORS BANK to JPMORGAN CHASE BANK, N.A.
2019-11-20Mortgage $23,267 — from 242 5TH AVE. LLC to JPMORGAN CHASE BANK, N.A.$23,267
2019-11-20TL&R — from INVESTORS BANK to 242 5TH AVE. LLC
2019-10-28HPD 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
2019-07-06311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019-05-24311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019-04-10Boiler inspection
2019-01-28311: Homeless Encampment — N/A
2019-01-27311: Street Light Condition — Street Light Out
2018
2018-09-14Boiler inspection
2018-04-30311: Broken Parking Meter — Out of Order
2018-02-03311: Broken Parking Meter — Coin or Card Did Not Register
2018-02-03311: Broken Parking Meter — Coin or Card Did Not Register
2018-01-15311: Broken Parking Meter — Coin or Card Did Not Register
2017
2017-12-22Rodent inspection: Passed
2017-11-15HPD 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
2017-11-09311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2017-08-22Permit EW — ISSUED
2017-08-22Permit EW — ISSUED
2017-08-16Job filed: APPLICATION FILED FOR 3 TON SPLIT SYSTEM FOR IMPERIAL BARBER SHOP AS PER PLANS. CONDENSER IS MOUNTED ON BACKYARD BUILDING WALL WITHIN LOT LINE. NO CHA$6,350
2017-08-16Job filed: APPLICATION FILED FOR 3 TON SPLIT SYSTEM FOR IMPERIAL BARBER SHOP AS PER PLANS. CONDENSER IS MOUNTED ON BACKYARD BUILDING WALL WITHIN LOT LINE. NO CHA$6,350
2017-08-15Boiler inspection
2017-02-24Permit PL — ISSUED
2017-02-17Permit EW — ISSUED
2017-02-15Job filed: RENOVATION OF APT 2R ON SECOND FLOOR, MINOR PARTITION AND PLUMBING WORK AS PER PLANS,NO CHANGE IN USE,EGRESS OR OCCUPANCY.$60,000
2017-02-15Job filed: RENOVATION OF APT 2R ON SECOND FLOOR, MINOR PARTITION AND PLUMBING WORK AS PER PLANS,NO CHANGE IN USE,EGRESS OR OCCUPANCY.$60,000
2016
2016-11-01HPD 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
2016-03-09311: Noise — Noise: air condition/ventilation equipment (NV1)
2015
2015-11-25Permit PL — ISSUED
2015-11-06Permit EW — ISSUED
2015-11-06Permit EQ — ISSUED
2015-11-06Job filed: INTERIOR RENOVATION OF EXISTING RESTAURANT ON FIRST FLOOR ALL AS PER PLANS SUBMITTED. NO CHANGE IN USE, EGRESS, OR OCCUPANCY.$70,000
2015-02-23311: Noise - Vehicle — Engine Idling
2015-02-05HPD 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
2014
2014-05-09311: Broken Muni Meter — No Receipt
2014-02-28311: Broken Muni Meter — Coin or Card Did Not Register
2013
2013-08-16311: Broken Muni Meter — No Receipt
2013-03-06AL&R $2,300,000 — from 242 5TH AVE. LLC to INVESTORS BANK$2,300,000
2013-03-06TL&R — from NEW YORK COMMUNITY BANK to 242 5TH AVE. LLC
2013-03-06Agreement $2,300,000 — from 242 5TH AVE. LLC to INVESTORS BANK$2,300,000
2013-03-06Mortgage $989,512 — from 242 5TH AVE. LLC to INVESTORS BANK$989,512
2013-03-06Mortgage assigned — from NEW YORK COMMUNITY BANK to INVESTORS BANK
2012
2012-11-18311: Emergency Response Team (ERT) — After Hours Work - Illegal
2012-11-18311: Noise — Noise: Construction Before/After Hours (NM1)
2012-11-18DOB complaint, category ?
2012-11-07311: Broken Muni Meter — No Receipt
2012-06-13311: Broken Muni Meter — No Receipt
2012-04-30311: Sanitation Condition — 15 Street Cond/Dump-Out/Drop-Off
2012-03-22Agreement $1,339,490 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK$1,339,490
2011-07-25HPD class B: SECTION 27-2040 ADM CODE PROVIDE ADEQUATE LIGHTING AT OR NEAR THE OUTSIDE OF THE FRONT ENTRANCEWAY OF THE BUILDING AND KEEP SAME BURNING FRO
2008-08-27AL&R $1,360,000 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK$1,360,000
2008-08-27Agreement $1,360,000 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK$1,360,000
2008-08-11Mortgage assigned — from WASHINGTON MUTUAL BANK to NEW YORK COMMUNITY BANK
2008-08-11Mortgage $196,821 — from 242 5TH AVE. LLC to NEW YORK COMMUNITY BANK$196,821
2008-08-11Deed $1,850,000 — from PERSICO, MICHAEL to 242 5TH AVE. LLC$1,850,000
2008-03-13Tenant complaint: HEATING — HEAT RELATED
2008-01-13Tenant complaint: NONCONST — RUBBISH
2008-01-03DOB violation LL6291:
2007
2007-01-19DOB violation LL6291:
2006
2006-08-29Permit EW — ISSUED
2006-08-29Permit EW — ISSUED
2006-08-25Job filed: RENOVATION OF STORE, INCLUDING MINOR GYP. BD. WORK AND INSTALLATION OF PLUMBING FIXTURE. NO CHANGE IN USE, OCCUPANCY AND MEANS OF EGRESS IS INVOLVED U$19,000
2006-07-05TL&R — from INDEPENDENCE COMMUNITY BANK
2006-07-05Mortgage assigned — from INDEPENDENCE COMMUNITY BANK to WASHINGTON MUTUAL BANK, FA
2006-07-05Agreement $1,192,600 — from WASHINGTON MUTUAL BANK to PERSICO, MICHAEL$1,192,600
2006-07-05Mortgage $1,192,600 — from PERSICO, MICHAEL to WASHINGTON MUTUAL BANK$1,192,600
2006-07-05Mortgage $499,890 — from PERSICO, MICHAEL to WASHINGTON MUTUAL BANK$499,890
2003
2003-06-10Mortgage satisfied — from PERSICO, MICHAEL to UNITED STATES OF AMERICA
2003-06-05Mortgage $730,000 — from PRESICO, MICHAEL to STATEN ISLAND BANK & TRUST$730,000
2003-06-05Mortgage satisfied — from PRESICO, MICHAEL to CHERTOCK, SIDNEY
2003-06-05AL&R — from PERSICO, MICHAEL to STATEN ISLAND BANK & TRUST
2003-06-05Mortgage satisfied — from PRESICO, MICHAEL to AVNIT PROPERTIES
2003-03-19DOB violation LL6291:
2002
2002-07-15Mortgage assigned — from CHERTOCK, SIDNEY to CHERTOCK, ISABEL
2002-03-26DOB violation LL6291:
2001
2001-03-09Mortgage $200,000 — from PERSICO, MICHAEL to CHERTOCK, SIDNEY$200,000
2001-03-09Agreement — from CHERTOCK, SIDNEY to PERSICO, MICHAEL
2000
2000-10-19DOB complaint, category ?
2000-10-16DOB violation Z:
2000-02-09Mortgage $50,000 — from PERSICO, MICHAEL to CHERTOCK, SIDNEY$50,000
2000-02-07DOB violation LL6291:
1998
1998-09-21Permit SG — ISSUED
1998-07-21DOB complaint, category ?
1998-07-08DOB complaint, category ?
1997
1997-09-16DOB violation LL6291:
1997-03-27Permit EW — ISSUED
1996
1996-11-21Permit EQ — ISSUED
1996-10-03Permit PL — ISSUED
1996-09-25Mortgage $200,000 — from PERSICO, MICHAEL to AVNIT PROPERTIES$200,000
1996-09-04Permit EW — ISSUED
1996-09-04Permit EW — ISSUED
1996-08-29Mortgage satisfied — from TAMBOR, JACOB; TAMBOR, ZEEV; RAZ, AVINOAM to ASIA BANK NA
1996-07-26Deed — from RAZ, AVINOAM; TAMBOR, ZEEV; TAMBOR, JACOB to PERSICO, MICHAEL
1996-07-26PAT — from TAMBOR, ZEEV to TAMBOR, SHAI
1996-07-26Mortgage satisfied — from TASTAN, ZEKI to NORTH EASTERN HOLDING CO
1995
1995-08-29DOB violation LL6291:
1994
1994-06-01DOB violation LL6291:
1993
1993-08-16DOB violation LL6291:
1993-06-01DOB violation LL6291:
1986
1986-11-24Agreement — from GENERAL BANK to ASIA BANK NA
1985
1985-05-17Mortgage assigned — from NORTH EASTERN HLDG CO IN to FLUSHING FEDL S&L ASSN
1985-05-17Mortgage $5,400 — from TASTAN, ZEKI to NORTH EASTERN HOLDING CO$5,400
1985-05-10Mortgage $85,000 — from TAMBOR, ZEEV; RAZ, AVINOAM; TAMBOR, JACOB to ASIA BANK$85,000
1985-05-10Mortgage satisfied — from TASTAN, ZEKI to VIDAILLET, CRISTOBAL; VIDAILLET, GEORGINA
1985-05-10PAT — from TAMBOR, JACOB to TAMBOR, ZEEV
1985-05-10Deed — from TASTAN, ZEKI to TAMBOR, JACOB; RAZ, AVINOAM; TAMBOR ZEEV
1982
1982-05-06Deed — from VIDAILLET, GEORGINA to TASTAN, ZEKI
1982-05-06Mortgage $37,000 — from TASTAN, ZEKI to VIDAILLET, GEORGINA; VIDAILLET, CRISTOBAL$37,000
1975
1975-08-12Deed — from ANASTASIO SADIE A; ANASTASIO FRANK to VIDAILLET GEORGINA