The city's published records show little recorded distress here in the last three years. Less recorded distress than 66% of 25-99-unit residential buildings citywide. The citywide median for 25-99-unit residential buildings is 23.6 penalty
points per 10 units; this building carries 9. In ZIP 11238, 51% of residential buildings hold an A and
10% grade D or F.
How grades work
this building
A
B
C
Among 17,252 25-99-unit residential buildings citywide · left is less recorded distress, right is more
Open with the city right now
Open HPD violations
1 total — 1 class C (immediately hazardous), 0 class B, 0 class A. Oldest open since 2025-07-01.
status snapshot refreshed weekly from HPD records
Patterns
2 heat or hot-water complaints in the last three years (winter 2023–24: 2).
3 bedbug-infested unit(s) reported in filings over the last three years.
What 311 hears from this address
186 service requests in the last three years. Most common: Noise (75) · Illegal Parking (22) · UNSANITARY CONDITION (11) · Derelict Vehicles (10) · Rodent (7) · Dirty Condition (7).
Filed construction activity
$154,300 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
Yes
Built before 1974 (1930)
Yes
Six or more residential units (86)
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)
565 PROSPECT ASSOC LLC
Head officer
EFSTATHIOS VALIOTIS
Managing agent
ALMA REALTY CORP
Last registered
2026-07-16
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
$10,058,000
$4,526,100
2026
$9,650,000
$4,342,500
2027
$9,890,000
$4,450,500
The city's market estimate has fallen
2% between tax years 2025 and 2027.
Tax exemptions on the roll: ARTICLE XI
Building systems
Energy grade (LL33)
B — ENERGY STAR score 83/100 (2022 disclosure cycle)
Facade (Local Law 11)
SAFE (cycle 9)
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
Park Pl — S · 200 ft straight-line (about a 1-minute walk) · station accessibility: full Botanic Garden — 2 3 4 5 S · 0.3 mi straight-line (about a 9-minute walk) · station accessibility: none
Bus
Nearest boarding stop: Franklin Av / Prospect Pl — B48 · 400 ft
Citi Bike
Franklin Ave & St Marks Ave · 400 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.
186 311 service requests from this address in the last three years — 1 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: $1,705,096 on
2026-04-23 (lender: Zions Bancorporation, N.A.), covering 5 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
2026-04-23
Mortgage $1,705,097 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 500 ST. MARKS AVE LLC; 480 ST. MARKS AVE LLC; 5 to ZIONS BANCORPORATION, N.A.
$1,705,097
2026-04-23
Agreement $83,000,000 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 480 ST. MARKS AVE LLC; 545 PROSPECT PL, LLC; 50 to ZIONS BANCORPORATION, N.A.
$83,000,000
2020-03-11
Agreement $15,000,000 — from 565 PROSPECT PLACE HOUSING DEVELOPMENT F; 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK
$15,000,000
2020-03-11
Mortgage $7,049,451 — from 565 PROSPECT PL, LLC; 565 PROSPECT PLACE HOUSING DEVELOPMENT F to NEW YORK COMMUNITY BANK
$7,049,451
2017-07-11
Agreement $8,980,000 — from 565 PROSPECT PLACE HOUSING DEVELOPMENT to NEW YORK COMMUNITY BANK
$8,980,000
2014-08-07
Mortgage $764,119 — from 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK
$764,119
2014-08-07
Agreement $8,980,000 — from 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK
$8,980,000
2011-09-02
Agreement $8,668,013 — from NEW YORK COMMUNITY BANK to 555 PROSPECT ASSOCIATES, LLC
$8,668,013
Ten-year activity
100500
2017
2018
2019
2020
2021
2022
2023
2024
86
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
0
0
5
6
2
13
2018
2
0
16
0
2
20
2019
4
4
17
0
2
27
2020
3
10
62
3
5
83
2021
0
1
19
0
6
26
2022
2
2
30
0
5
39
2023
0
6
68
0
2
76
2024
0
4
78
0
3
85
2025
1
1
79
0
5
86
2026
0
0
64
6
2
72
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
Mortgage assigned — from ZIONS BANCORPORATION, N.A., to DEUTSCHE BANK NATIONAL TRUST COMPANY,
2026-06-07
311: Animal-Abuse — Neglected
2026-06-06
311: Animal-Abuse — Neglected
2026-05-27
311: Noise - Helicopter — Other
2026-05-27
311: Illegal Parking — Blocked Hydrant
2026-05-18
311: Noise - Residential — Banging/Pounding
2026-05-05
311: Noise - Residential — Loud Talking
2026-05-05
311: Noise - Residential — Banging/Pounding
2026-05-04
311: Noise - Residential — Loud Talking
2026-05-01
311: Noise - Street/Sidewalk — Loud Music/Party
2026-04-30
311: Noise - Residential — Loud Talking
2026-04-30
311: Noise - Residential — Loud Talking
2026-04-29
311: Non-Emergency Police Matter — Other (complaint details)
2026-04-29
311: Noise - Residential — Loud Talking
2026-04-29
311: Noise - Residential — Loud Talking
2026-04-27
311: Noise - Residential — Loud Music/Party
2026-04-23
Mortgage $1,705,097 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 500 ST. MARKS AVE LLC; 480 ST. MARKS AVE LLC; 5 to ZIONS BANCORPORATION, N.A.
2026-04-23
EASE — from 523 PROSPECT PLACE, LLC; 523 PROSPECT PLACE HOUSING DEVELOPMENT; 555 PROSPECT ASSOCIATES to 480 ST. MARKS AVE LLC; 713 CLASSON AVE LLC; 500 ST. MARKS AVE LLC; 713 CLASSON AVENUE HOUS
2026-04-23
Mortgage assigned — from FLAGSTAR BANK, N.A. to ZIONS BANCORPORATION, N.A.
2026-04-23
Agreement — from ZIONS BANCORPORATION, N.A. to THE CITY OF NEW YORK DEPT. OF HOUSING PR
2026-04-23
Agreement $83,000,000 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 480 ST. MARKS AVE LLC; 545 PROSPECT PL, LLC; 50 to ZIONS BANCORPORATION, N.A.
2026-04-23Mortgage $1,705,097 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 500 ST. MARKS AVE LLC; 480 ST. MARKS AVE LLC; 5 to ZIONS BANCORPORATION, N.A.$1,705,097
2026-04-23EASE — from 523 PROSPECT PLACE, LLC; 523 PROSPECT PLACE HOUSING DEVELOPMENT; 555 PROSPECT ASSOCIATES to 480 ST. MARKS AVE LLC; 713 CLASSON AVE LLC; 500 ST. MARKS AVE LLC; 713 CLASSON AVENUE HOUS
2026-04-23Mortgage assigned — from FLAGSTAR BANK, N.A. to ZIONS BANCORPORATION, N.A.
2026-04-23Agreement — from ZIONS BANCORPORATION, N.A. to THE CITY OF NEW YORK DEPT. OF HOUSING PR
2026-04-23Agreement $83,000,000 — from 565 PROSPECT PL, LLC; 713 CLASSON AVE LLC; 480 ST. MARKS AVE LLC; 545 PROSPECT PL, LLC; 50 to ZIONS BANCORPORATION, N.A.$83,000,000
2025-07-11311: Abandoned Bike — Chained to Public Property
2025-07-09Tenant complaint: GENERAL — MAILBOX
2025-07-09311: GENERAL — MAILBOX
2025-07-01HPD class B: § 27-2045 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 6G, 1st STORY, 1st APARTMENT FROM E
2025-07-01HPD class A: § 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE CEILING IN THE BATHROOM LOCATED AT APT
2025-07-01HPD class B: § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 6G, 1st STORY,
2025-07-01HPD class C: HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 6G, 1st STORY, 1st APARTMENT FR
2025-03-04HPD class C: HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF MICE IN THE ENTIRE APARTMENT LOCATED AT APT 8D, 8th STORY, 1st APARTMENT FROM
2025-03-04HPD class B: § 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE GROUT AT CERAMIC TILES AT WEST NORTH AND SOUTH WALLS IN THE
2025-03-04HPD class A: § 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT ALL CEILINGS AND ALL WALLS IN THE ENTIRE APARTME
2025-02-28Tenant complaint: APPLIANCE — ELECTRIC/GAS RANGE
2024-08-30HPD class B: § 27-2005, 2007 ADM CODE REMOVE ALL ENCUMBRANCES CONSISTING OF BICYCLE AND SHOPPING CART AT PUBLIC HALL
2024-08-30HPD class B: § 27-2021 ADM CODE PROVIDE SUFFICIENT, PROPER AND SEPARATE METAL RECEPTACLES FOR THE DEPOSIT OF GARBAGE, RUBBISH AND OTHER WASTE MATERIAL AN
2020-03-24ECB CLASS - 2 violation: SEC. 3316.10.3 FAILURE TO MAINTAIN OUTRIGGER BEAM LOCATION. NOTE: AT TIME OF MY INSPECTION OBSERVED ACTIVE JOB SITE. EXP#3 WORKERS
2020-03-24ECB CLASS - 2 violation: FAILURE TO MAINTAIN SAFETY MEASURE PROPERTY EQUIPMENT & PUBLIC AFFECTED BY TEMPORARY CONSTRUCTION. NOTE: AT THE TIME OF INSPECTION$5,000
2020-03-24ECB CLASS - 2 violation: PEDESTRIAN PROTECTION DOES NOT MEET CODE SPECIFICATION. NOTE: AT THE OF INSPECTION OF 11 STY ALTERATION CONSTRUCTION WORK,I OBSERV$2,400
2020-03-24ECB CLASS - 2 violation: WORK DOES NOT CONFORM TO APPROVED CONSTRUCTION DOCUMENT. NOTE: AT TIMEOF MY INSPECTION OBSERVED ACTIVE JOB SITE. WORK DOES NOT CON
2020-03-24ECB CLASS - 2 violation: SEC. 3314.1 FAILURE TO MAINTAIN SCAFFOLD AS REQUIRED. NOTE: AT TIME OFMY INSPECTION OBSERVED ACTIVE JOB SITE. WORKERS WAS WORKING
2020-03-24ECB CLASS - 2 violation: SEC. 3314.10.9 FAILURE TO MAINTAIN HORIZONTAL TIEBACK LOCATION. NOTE: AT TIME OF MY INSPECTION OBSERVED ACTIVE JOB SITE EXP#3 WORK
2020-03-24DOB complaint, category ?
2020-03-19311: Noise — Noise: Construction Equipment (NC1)
2020-03-11Agreement $15,000,000 — from 565 PROSPECT PLACE HOUSING DEVELOPMENT F; 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK$15,000,000
2020-03-11Agreement — from THE CITY OF NEW YORK HOUSING PRESERVATIO to NEW YORK COMMUNITY BANK
2020-03-11Mortgage $7,049,451 — from 565 PROSPECT PL, LLC; 565 PROSPECT PLACE HOUSING DEVELOPMENT F to NEW YORK COMMUNITY BANK$7,049,451
2020-03-07311: Water System — LOW WATER PRESSURE - WLWP
2019-12-25Job filed: INSTALLATION OF SIDEWALK SHED AS PER PLANS. SIDEWALK SHED LIVE LOAD 300 PSP. ALL EQUIPMENT COMPLY WITH CHAPTER #33 OF THE 2014 CODE NO CHANGE TO USE$5,000
2019-11-01DOB complaint, category ?
2019-10-21Permit EW — ISSUED
2019-10-18Job filed: FACADE REPAIRS AS SHOWN NO CHANGE IN USE EGRESS OR OCCUPANCY.$70,000
2019-10-18Job filed: FACADE REPAIRS AS SHOWN NO CHANGE IN USE EGRESS OR OCCUPANCY.$70,000
2019-09-30311: Illegal Parking — Blocked Hydrant
2019-09-29311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019-09-27311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2018-10-25311: Illegal Tree Damage — Branches Damaged
2018-10-23Rodent inspection: Passed
2018-10-23Permit Sidewalk Shed — Signed-off
2018-10-18Job filed: INSTALLATION OF SIDEWALK SHED AS PER PLANS. SIDEWALK SHED LIVE LOAD 300 PSP. ALL EQUIPMENT COMPLY WITH CHAPTER #33 OF THE 2014 CODE NO CHANGE TO USE$5,000
2018-09-29311: Illegal Tree Damage — Branches Damaged
2014-08-19HPD class B: § 27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK CEILING IN THE 1st ROOM FROM EAST LOCATED AT APT 9E,
2014-08-07Deed — from 555 PROSPECT ASSOCIATES, LLC to 565 PROSPECT PL, LLC
2014-08-07Mortgage $764,119 — from 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK$764,119
2014-08-07Agreement $8,980,000 — from 565 PROSPECT PL, LLC to NEW YORK COMMUNITY BANK$8,980,000
2014-08-06FDNY inspection (RISK)
2014-07-28Tenant complaint: WATER LEAK — DAMP SPOT
2014-07-28311: WATER LEAK — DAMP SPOT
2014-06-20ZONE — from 555 PROSPECT ASSOCIATES, LLC; NEW YORK COMMUNITY BAK; JPMORGAN CHASE BANK., LLC; 500 ST. M
2014-06-20CERT — from 555 PROSPECT ASSOCIATES, LLC; 500 ST. MARKS AVE LLC
2014-05-05311: Street Condition — Failed Street Repair
2014-05-01311: Street Condition — Cave-in
2014-03-13311: Noise — Noise: Construction Before/After Hours (NM1)
2014-02-25Tenant complaint: HEATING — HEAT RELATED
2014-02-25Tenant complaint: HEATING — HEAT RELATED
2014-02-25Tenant complaint: HEATING — HEAT RELATED
2014-02-25311: HEATING — HEAT
2014-02-25311: HEATING — HEAT
2014-02-25311: HEATING — HEAT
2014-02-19311: Lead — Lead Kit Request (Residential) (L10)
2014-01-25FDNY inspection (RISK)
2013
2013-10-16Job filed: MOVING PORTION FROM IRREGULAR TAX LOT 70 TO ADJACENT IRREGULAR TAX LOT 25 AS SHOWN ON PLANS.
2013-09-25SAGE — from NEW YORK COMMUNITY BANK
2013-09-25EASE — from 555 PROSPECT ASSOCIATES LLC to 500 ST. MARKS AVE LLC
2006-11-08ECB Non-Hazardous violation: ALTERED BLDG OCCUPIED W/O A VALID C OF O NOTED:ALTERATION CONSTRUCTIONWORK IS DONE UNDER APPLICATION#301755312 ON THIS BLDG,ALSO O$350
2006-07-19ECB Non-Hazardous violation: BQ9-HAZARD-CORRECT IMMED.50A-CHIMNEY MISS CLEAN OUT-REPAIR IMMED.50B- SAFETY RELIEF VALVE MISS MANUAL PULL CHAIN FOR TEST OR EMERG$900
2006-07-19ECB Non-Hazardous violation: 16/50A/50B/BQ9/36/21A/50C/50A-IMPROPER VALVE INSTALLED ON TRI COCK/50B-SIGHT GLASS VIEW RESTRICTED (FROM REAR VIEW) TO FRONT OF FU$850
2006-07-19ECB Non-Hazardous violation: 16,36,21A,32A,34A,B,50A,B,C,D,E,F,G,BQ9. 50A- DEBRIS IN BOILER RM. 50BNO ANTISYPHON VALUE AT HIGHEST POINT ABOVE BOILER. 50C- SAFE
2006-07-19ECB Non-Hazardous violation: 21A,36,50A,B,C,D,16,BQ9. 50A- CHIMNEY MISSING CLEAN-OUT. 50B-SAFETY VALVE MISSING PULL CHAIN OR ACCESS FOR TESTING/ SERVICE OR TO
2004
2004-06-04Job filed: A1$1,650,000
2004-06-04Job filed: A1$1,650,000
1993
1993-07-27ECB Hazardous violation: FAILURE TO SUBMIT A 3RD ROUND TECHNICAL REPORT. PERIODIC INSPECTION OFEXTERIOR WALL AND APPURTENANCES AS REQUIRED BY LOCAL LAW 10 $500