A modest record — below the level that usually signals systemic problems. More recorded distress than 86% 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 15. In ZIP 11221, 43% of residential buildings hold an A and
17% 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
2 heat or hot-water complaints in the last three years (winter 2025–26: 2).
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
8 service requests in the last three years. Most common: Dirty Condition (2) · Noise (2) · Building/Use (2) · HEAT/HOT WATER (1) · Rodent (1).
Filed construction activity
$5,000 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
No
Built before 1974 (2014)
No
Six or more residential units (2)
No
421-a / J-51 tax benefit on the current tax roll
0 of 3 signals present. None of the common signals are present — stabilization is unlikely (though never impossible). 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)
438 NEW WORLD LLC
Head officer
MICHAEL R
Managing agent
B HOME MANAGEMENT, LLC
Last registered
2025-08-05
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
$72,300
2026
$1,180,000
$70,800
2027
$1,551,000
$93,060
The city's market estimate has risen
29% between tax years 2025 and 2027.
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
Gates Av — J Z · 0.2 mi straight-line (about a 6-minute walk) · station accessibility: none
Bus
Nearest boarding stop: Broadway / Madison St — Q24 · 150 ft
Citi Bike
Broadway & Madison 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.
8 311 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: $14,500 on
2017-10-10 (recorded via MERS, the industry registry; the lender is not named on the record). Face amount at recording — it may have since been paid
down, refinanced or satisfied. View the recorded
document.
Date
Record
Amount
Per res. unit
2017-10-10
Agreement $814,500 — from BAUM, ALANA N to MERS
$814,500
2017-10-10
Mortgage $14,500 — from BAUM, ALANA N to MERS
$14,500
2017-10-10
Agreement $800,000 — from 438 NEW WORLD LLC to NY HOUSING STRONGHOLD LLC
$800,000
2017-10-10
Mortgage $420,000 — from 438 NEW WORLD LLC to NY HOUSING STRONGHOLD LLC
$420,000
2016-03-04
Agreement $130,000 — from 438 NEW WORLD LLC to WEBSTER BUSINESS CREDIT CORPORATION
$130,000
2014-10-31
Mortgage $250,000 — from 438 NEW WORLD, LLC to MANHATTAN BRIDGE CAPITAL INC.
$250,000
2013-10-29
Mortgage $130,000 — from 438 NEW WORLD LLC to MANHATTAN BRIDGE CAPITAL INC.
$130,000
2013-10-29
Deed $150,000 — from ROCKAWAY & TADD LLC to 438 NEW WORLD LLC
$150,000
2002-03-18
Mortgage $16,500 — from ROCKAWAY & TADD LLC to CITY OF NEW YORK
$16,500
Ten-year activity
20100
2017
2018
2019
2020
17
2021
2022
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Construction
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
0
0
0
12
0
12
2018
2
0
0
1
2
5
2019
3
0
4
0
2
9
2020
0
0
0
0
0
0
2021
0
0
17
0
0
17
2022
0
1
5
0
1
7
2023
0
0
11
0
0
11
2024
0
0
1
0
1
2
2025
0
1
4
0
2
7
2026
0
1
3
0
2
6
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2021-03-22HPD class B: § 27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 1, 1st STORY, 1
2019-11-19Job filed: NO WORK APPLICATION TO ACCOMMODATE NYC HUMAN RESOURCES ADMINISTRATION HOMELESS INDIVIDUALS WITH UNITS REFERRED THROUGH THE HUMAN RESOURCES ADMINISTRAT$1,000
2019-11-19Job filed: NO WORK APPLICATION TO ACCOMMODATE NYC HUMAN RESOURCES ADMINISTRATION HOMELESS INDIVIDUALS WITH UNITS REFERRED THROUGH THE HUMAN RESOURCES ADMINISTRAT$1,000
2019-11-19Job filed: NO WORK APPLICATION TO ACCOMMODATE NYC HUMAN RESOURCES ADMINISTRATION HOMELESS INDIVIDUALS WITH UNITS REFERRED THROUGH THE HUMAN RESOURCES ADMINISTRAT$1,000
2019-10-21HPD class A: § 27-2104 ADM CODE POST AND MAINTAIN A PROPER SIGN ON WALL OF ENTRANCE STORY SHOWING THE REGISTRATION NUMBER ASSIGNED BY THE DEPARTMENT AND
2019-10-21HPD class A: § 27-2053 ADM CODE POST SIGN ON WALL OF ENTRANCE STORY BEARING NAME, ADDRESS INCLUDING APARTMENT NUMBER IF ANY, AND TELEPHONE NUMBER OF SUPE
2019-10-21HPD class C: § 27-2033 ADM CODE POST NOTICE, IN FORM APPROVED BY THE DEPARTMENT, STATING THE NAME AND LOCATION OF THE PERSON DESIGNATED BY THE OWNER TO H
2019-08-05311: Homeless Person Assistance — N/A
2019-06-24Rodent inspection: Passed
2018
2018-12-23Rodent inspection: Passed
2018-06-21Rodent inspection: Passed
2018-05-24Job filed: FILING TO OBTAIN A NEW CERTIFICATE OF OCCUPANCY FOR USE BY NON PROFIT AS COMMUNITY FACILITY WITH SLEEPING ACCOMMODATIONS, VALID ONLY FOR THE DURATION$1,000
2018-05-24Job filed: FILING TO OBTAIN A NEW CERTIFICATE OF OCCUPANCY FOR USE BY NON PROFIT AS COMMUNITY FACILITY WITH SLEEPING ACCOMMODATIONS, VALID ONLY FOR THE DURATION$1,000
2018-02-20Deed — from BAUM, ALANA N to 438 NEW WORLD LLC
2017
2017-11-03Deed transfer (nominal price)
2017-10-10Agreement $814,500 — from BAUM, ALANA N to MERS$814,500
2017-10-10Mortgage $14,500 — from BAUM, ALANA N to MERS$14,500
2017-10-10Mortgage assigned — from NY HOUSING STRONGHOLD LLC to MERS
2017-10-10Agreement $800,000 — from 438 NEW WORLD LLC to NY HOUSING STRONGHOLD LLC$800,000
2017-10-10Mortgage assigned — from WEBSTER BUSINESS CREDIT CORPORATION to MANHATTAN BRIDGE CAPITAL INC.
2017-10-10Mortgage assigned — from MANHATTAN BRIDGE CAPITAL INC. to NY HOUSING STRONGHOLD LLC
2017-10-10Mortgage $420,000 — from 438 NEW WORLD LLC to NY HOUSING STRONGHOLD LLC$420,000
2017-10-10Mortgage assigned — from MANHATTAN BRIDGE CAPITAL INC. to NY HOUSING STRONGHOLD LLC
2017-10-10Mortgage assigned — from WEBSTER BUSINESS CREDIT CORPORATION to MANHATTAN BRIDGE CAPITAL INC.
2017-05-30Deed — from 438 NEW WORLD LLC to BAUM, ALANA N
2017-05-01Deed transfer (nominal price)
2016
2016-12-01Certificate of occupancy Final
2016-06-14311: Street Sign - Damaged — No Parking, Standing, Stopping
2016-04-21311: Overgrown Tree/Branches — Traffic Sign or Signal Blocked
2016-03-04Agreement $130,000 — from 438 NEW WORLD LLC to WEBSTER BUSINESS CREDIT CORPORATION$130,000
2015
2015-06-09Mortgage assigned — from MANHATTAN BRIDGE CAPITAL INC. to WEBSTER BUSINESS CREDIT CORPORATION
2015-06-02Mortgage assigned — from MANHATTAN BRIDGE CAPITAL INC. to WEBSTER BUSINESS CREDIT CORPORATION
2015-06-02Mortgage assigned — from STERLING NATIONAL BANK to MANHATTAN BRIDGE CAPITAL INC.
2015-04-06Permit EQ — ISSUED
2015-04-06Permit NB — ISSUED
2014
2014-10-31Mortgage $250,000 — from 438 NEW WORLD, LLC to MANHATTAN BRIDGE CAPITAL INC.$250,000
2014-10-22Permit PL — ISSUED
2014-09-20ECB CLASS - 2 violation: JOB SITE FENCE NOT CONSTRUCTED PURSUANT TO SUBSECTION NOTED AT TIME OFINSP. FENCE FOUND TO BE DEFECTIVE AND LEANING LEAVING FREE A
2014-06-09311: Construction Safety Enforcement — Best - DM Tracking Complaint
2014-06-09311: Construction Safety Enforcement — Best - DM Tracking Complaint
2014-06-09DOB complaint, category ?
2014-06-09DOB complaint, category ?
2014-06-07ECB CLASS - 2 violation: JOB SITE FENCE NOT CONST. PURSUANT TO SUBSECTION. NOTED 8 FEET HIGH SOLID WOOD CONST. FENCE HAVE (2) 8 FEET WIDE GATES OPENING INT
2014-06-07ECB CLASS - 1 violation: FAILURE TO PROVIDE PROTECTION @ SIDES OF EXCAVATIONS NOTED : @ TIME OFINSP. EXCAVATION IN PROGRESS APPROX. 68 INCHES DEEP (5'-8") $2,400
2014-06-07ECB CLASS - 1 violation: WORK AFTER HOURS W/O VARIANCE PERMIT CONTRARY TO 105.12.5 NOTED: CONSTWORK BEING PERFORMED AT APPROX. 12:10PM 4 WORKERS ON SITE DO$800
2014-06-07ECB CLASS - 2 violation: FAILURE TO POST D.O.T. PERMIT FOR STREET / SIDEWALK CLOSING. NOTED @ TIME OF INSPECTION SIDEWALK BEING BLOCKED BT MECHANICAL EXCAV$530
2014-06-07ECB CLASS - 1 violation: FAILURE TO SAFEGUARD ALL PERSONS & PROPERTY AFFECTED BY CONST. OPERATIONS. NOTED: @ TIME OF INSP. OBSERVED MECHANICAL EXCAVATION O$2,400
2014-05-07Permit NB — ISSUED
2014-05-07Permit FO — ISSUED
2014-05-07Permit EQ — ISSUED
2014-05-07Permit FO — ISSUED
2014-05-05Mortgage assigned — from MANHATTAN BRIDGE CAPITAL INC. to STERLING NATIONAL BANK
2013
2013-10-29Mortgage $130,000 — from 438 NEW WORLD LLC to MANHATTAN BRIDGE CAPITAL INC.$130,000
2013-10-29Deed $150,000 — from ROCKAWAY & TADD LLC to 438 NEW WORLD LLC$150,000
2013-10-25CERT — from DOWNTOWN ABSTRACT CORP. to 438 NEW WORLD LLC
2013-10-25ZONE — from 438 NEW WORLD LLC
2013-10-10311: Sanitation Condition — 15 Street Cond/Dump-Out/Drop-Off
2013-09-24Job filed: BPP APPLICATION IN CONJUNTION WITH NB#320591089. 20FT ON SOUTHEAST SIDE OF MADISON STREET.
2013-09-18Permit EQ — ISSUED
2013-07-30311: Blocked Driveway — No Access
2013-06-28Job filed: NB
2013-04-30Job filed: INSTALLITION OF TEMPORARY CONSTRUCTION FENCE TO SAFE GAURD PROPERTY. NO CHANGE IN USE, EGRESS OR OCCUPANCY.
2013-04-30Permit EQ — ISSUED
2013-04-29311: General Construction/Plumbing — Adjacent Buildings Not Protected
2013-04-29DOB complaint, category ?
2013-04-29DOB complaint, category ?
2012
2012-12-04Rodent inspection: Passed
2010
2010-12-23Rodent inspection: Failed for Rat Activity
2010-11-24Rodent inspection: Failed for Rat Activity
2010-05-26Rodent inspection: Bait applied
2010-05-12Rodent inspection: Bait applied
2010-04-13Rodent inspection: Bait applied
2010-03-26Rodent inspection: Bait applied
2010-01-27Rodent inspection: Failed for Rat Activity
2009
2009-10-07Rodent inspection: Failed for Rat Activity and Other Reason
2002
2002-03-18Deed — from CITY OF NEW YORK to ROCKAWAY & TADD LLC
2002-03-18Mortgage $16,500 — from ROCKAWAY & TADD LLC to CITY OF NEW YORK$16,500
1996
1996-11-25Permit EQ — ISSUED
1996-11-25Permit DM — ISSUED
1996-11-25Permit DM — ISSUED
1990
1990-05-30Deed — from COMMISSIONER OF FINANCE to CITY OF NEW YORK
1990-03-02DOB complaint, category ?
1984
1984-02-22Deed — from SOTO, PEDRO DEF ETAL; LAWRENCE, EVELYN R REF to VETERANS AFFAIRS ADMI/OF
1973
1973-02-13Mortgage assigned — from COMMUNITY NATL BK & TR CO OF NY to UNION MORTGAGEE CORPN
1973-02-13Mortgage assigned — from UNION MTGEE CORPN to FEDL NATL MTGE ASSN
1972
1972-10-04Mortgage assigned — from NATIONWIDE HOLDING CORP to COMMUNITY NATL BANK & TRUST CO NY
1972-09-12Mortgage — from SOTO PEDRO to NATIONWIDE HOLDING CORP
1972-09-12Deed — from MIMBELA REALTY CORP to SOTO PEDRO
1972-08-02Deed — from CRUDKO WASILY to MIMBELA RLTY CORP