The city's published records show little recorded distress here in the last three years. Less recorded distress than 71% 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 5.8. 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 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
6 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
26 service requests in the last three years. Most common: Noise (20) · HEAT/HOT WATER (3) · Rodent (1) · Graffiti (1) · Illegal Dumping (1).
Filed construction activity
$12,000 in permitted construction work filed since
2016 (3 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 (1906)
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)
724 FRANKLIN AVENUE CORP
Head officer
ROB LOHIET
Managing agent
724 FRANKLIN AVENUE CORP
Last registered
2025-08-14
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
$1,205,000
$542,250
2026
$1,343,000
$604,350
2027
$1,606,000
$722,700
The city's market estimate has risen
33% between tax years 2025 and 2027.
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.
1 street-flooding or sewer-backup complaints at this address since
2019 (0 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
Subway
Park Pl — S · 300 ft straight-line (about a 2-minute walk) · station accessibility: full Botanic Garden — 2 3 4 5 S · 0.2 mi straight-line (about a 5-minute walk) · station accessibility: none
Bus
Nearest boarding stop: Franklin Av / Sterling Pl — B48 · 200 ft
Citi Bike
Park Pl & Franklin Ave · 200 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.
26 311 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.
Sales, deeds & mortgages
Most recent mortgage recorded against this lot: $883,911 on
2015-12-22 (lender: Bankunited, 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
2022-12-06
AL&R $2,600,000 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK
$2,600,000
2022-12-06
Agreement $2,600,000 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK
$2,600,000
2022-12-06
Mortgage $857,838 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK
$857,838
2015-12-22
Agreement $2,000,000 — from 724 FRANKLIN AVENUE CORP. to BANKUNITED, N.A.
$2,000,000
2015-12-22
Mortgage $883,911 — from 724 FRANKLIN AVENUE CORP. to BANKUNITED, N.A.
$883,911
2011-04-18
AL&R $1,200,000 — from 724 FRANKLIN AVENUE CORP to INVESTORS SAVINGS BANK
$1,200,000
2011-04-18
Agreement $765,000 — from 724 FRANKLIN AVENUE CORP to INVESTORS SAVINGS BANK
$765,000
2011-04-18
Agreement $1,200,000 — from 724 FRANKLIN AVENUE CORP to INVESTORS SAVINGS BANK
$1,200,000
2009-12-24
Deed $535,000 — from WILLIAMS , HENDERSON to 724 FRANKLIN AVENUE CORP.
$535,000
2009-12-24
Mortgage $435,000 — from 724 FRANKLIN AVENUE CORP. to WILLIAMS, HENDERSON
$435,000
1987-06-24
Mortgage $33,000 — from WILLIAMS, HENDERSON to FOUR ''A''EQUITIES LTD
$33,000
Ten-year activity
50250
2017
2018
2019
2020
2021
2022
2023
2024
2025
21
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
0
1
8
0
1
10
2018
5
0
3
0
2
10
2019
0
0
9
0
2
11
2020
0
0
17
0
1
18
2021
0
0
10
0
1
11
2022
0
0
6
5
2
13
2023
0
0
1
0
3
4
2024
0
0
3
0
4
7
2025
0
0
11
0
3
14
2026
0
1
18
0
2
21
This record is free. Keeping it free costs money. Servers, data pipelines, weekends. Pay what you want — a dollar helps.
2022-12-06TL&R — from BANK UNITED, N.A. to 724 FRANKLIN AVENUE CORP.
2022-12-06AL&R $2,600,000 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK$2,600,000
2022-12-06Agreement $2,600,000 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK$2,600,000
2022-12-06Mortgage $857,838 — from 724 FRANKLIN AVENUE CORP. to KEARNY BANK$857,838
2022-12-06Mortgage assigned — from BANKUNITED, N.A. to KEARNY BANK
2022-12-02Rodent inspection: Passed
2022-06-16311: Noise - Commercial — Loud Talking
2022-06-10Rodent inspection: Passed
2022-03-10Bedbug filing: 0 infested units
2022-02-24HPD 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
2022-02-07311: Noise - Commercial — Car/Truck Music
2022-01-09311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2019-06-20311: Sanitation Condition — 15 Street Cond/Dump-Out/Drop-Off
2019-05-31Rodent inspection: Passed
2019-05-06Bedbug filing: 0 infested units
2019-02-06311: New Tree Request — For One Address
2018
2018-12-31Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2018-12-11Rodent inspection: Passed
2018-11-08Permit PL — ISSUED
2018-11-05Permit EW — ISSUED
2018-10-18Job filed: REMOVE MINOR NON-LOAD BEARING PARTITION AND PLUMBING FIXTURES IN EXISTING EATING AND DRINKING ESTABLISHMENT. NO CHANGE TO USE, EGRESS OR OCCUPANCY.$10,000
2018-08-28Job filed: A1$1,000
2018-08-28Job filed: A1$1,000
2018-08-27311: Request Large Bulky Item Collection — Request Large Bulky Item Collection
2018-08-24311: Lead — Lead Kit Request (Residential) (L10)
2017-08-28HPD class B: § 27-2040 ADM CODE PROVIDE ADEQUATE LIGHTING AT OR NEAR THE OUTSIDE OF THE FRONT ENTRANCEWAY OF THE BUILDING AND KEEP SAME BURNING FROM SUNS
2017-07-23311: Consumer Complaint — Door Open with Air Conditioning On
2017-05-18311: Consumer Complaint — Door Open with Air Conditioning On
2015-10-09HPD 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
2015-02-20HPD 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
2015-02-11Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2010-11-22Job filed: INTERIOR RENOVATION, INSTALL NON-LOAD BEARING PARTITIONS, PLUMBING, MECHANICAL WORK ON 1ST FLOOR AND INSTALL NEW STOREFRONT. INSTALL 8'-0" TEMPORARY W$103,500
2010-09-08Permit EW — ISSUED
2010-09-08Permit EW — ISSUED
2010-08-10Permit PL — ISSUED
2010-07-21311: Indoor Air Quality — Dust from Construction
2010-06-24Permit EW — ISSUED
2010-06-11Job filed: PROPOSED WORK IS TO RENOVATE ENTIRE BLDG / REPLACE BATHROOM FIXTURES ON EXISTING ROUGHING ON 3 BATHROOMS, INSTALL NEW BATHROOMS & RELOCATE 6 KITCH$126,868
2010-01-10Tenant complaint: HEATING — HEAT RELATED
2010-01-10311: HEATING — HEAT
2009
2009-12-24Deed $535,000 — from WILLIAMS , HENDERSON to 724 FRANKLIN AVENUE CORP.$535,000
2009-12-24Mortgage $435,000 — from 724 FRANKLIN AVENUE CORP. to WILLIAMS, HENDERSON$435,000