A sustained record of distress well beyond its peers. More recorded distress than 96% 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 54.7. In ZIP 11229, 91% of residential buildings hold an A and
2% 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 2023–24: 2).
No bedbug-infested units reported in the last three years of filings.
What 311 hears from this address
6 service requests in the last three years. Most common: Noise (3) · GENERAL (1) · HEAT/HOT WATER (1) · Illegal Parking (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 (1989)
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)
CHELSEA REALTY LLC
Head officer
HYMAN SCHATTNER
Managing agent
CHELSEA REALTY LLC
Last registered
2025-08-29
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
$2,326,000
$139,560
2026
$2,945,000
$176,700
2027
$2,565,000
$153,900
The city's market estimate has risen
10% between tax years 2025 and 2027.
Flood exposure
Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).
Hurricane evacuation zone 5 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
Kings Hwy — B Q · 900 ft straight-line (about a 5-minute walk) · station accessibility: full
Bus
Nearest boarding stop: Kings Hwy / E 13 St — B7 B82 · 350 ft
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.
6 311 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: $390,524 on
2005-06-24 (lender: The Dime Savings Bank Of Williamsburgh), covering 2 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
2025-07-17
AL&R $1,700,000 — from CHELSEA REALTY & MANAGEMENT LLC to PEAPACK PRIVATE BANK & TRUST
$1,700,000
2025-07-17
M&CON $1,700,000 — from CHELSEA REALTY & MANAGEMENT LLC to PEAPACK PRIVATE BANK & TRUST
$1,700,000
2020-06-19
M&CON $1,700,000 — from CHELSEA REALTY & MANAGEMENT LLC to SIGNATURE BANK
$1,700,000
2020-06-19
AL&R $1,700,000 — from CHELSEA REALTY & MANAGEMENT LLC to SIGNATURE BANK
$1,700,000
2015-06-24
M&CON $1,235,000 — from CHELSEA REALTY & MANAGEMENT LLC to SIGNATURE BANK
$1,235,000
2015-06-24
AL&R $1,235,000 — from CHELSEA REALTY & MANAGEMENT LLC to SIGNATURE BANK
$1,235,000
2005-06-24
Agreement $1,600,000 — from THE DIME SAVINGS BANK OF WILLIAMSBURGH to CHELSEA REALTY & MANAGEMENT LLC
$1,600,000
2005-06-24
Mortgage $390,524 — from CHELSEA REALTY & MANAGEMENT LLC to THE DIME SAVINGS BANK OF WILLIAMSBURGH
$390,524
2005-06-24
Deed $2,250,000 — from B B OCEAN PROPERTIES LLC to CHELSEA REALTY & MANAGEMENT LLC
$2,250,000
2004-07-04
Deed $1,735,000 — from LARK PROPERTIES LLC to BB OCEAN PROPERTIES, LLC
$1,735,000
2004-07-04
M&CON $1,237,500 — from B.B. OCEAN PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
$1,237,500
2002-04-18
Mortgage $26,836 — from LARK PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
$26,836
2001-04-16
Mortgage $373,418 — from LARK PROPERTIES LLC to ASTORI FEDERAL SAVINGS & LOAN ASSOCIATIO
$373,418
1994-09-28
Mortgage $414,456 — from J.F. IVY CORP to RIDGEWOOD SAVINGS BANK
$414,456
1989-08-08
Mortgage $120,000 — from SHWEKEY, MORRIS to KLEIN, ZALMAN D
$120,000
Ten-year activity
50250
2017
2018
2019
2020
2021
2022
2023
22
2024
2025
2026
EnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
Year
Enforcement
Housing & tenants
Ownership & money
Health & systems
Total
2017
1
2
0
0
3
2018
0
0
0
0
0
2019
1
5
0
0
6
2020
0
2
2
0
4
2021
0
2
0
0
2
2022
0
5
0
0
5
2023
0
2
0
2
4
2024
0
16
6
0
22
2025
0
1
6
0
7
2026
0
0
0
0
0
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2024-06-06HPD class B: § 27-2005 ADM CODE PROPERLY SECURE THE LOOSE HANDRAIL AT NORTH WALL AT PUBLIC HALL STAIRS, 1st STORY
2024-06-06HPD class A: § 329, M/D LAW AND DEPT. RULES AND REGS. PROVIDE A COMPLETED CERTIFICATE OF INSPECTION VISITS IN A PROPER FRAME AT OR NEAR MAILBOXES, BOTTOM
2024-06-06HPD class A: § 26-1103 ADMIN. CODE: POST AND MAINTAIN A PROPER NOTICE ON WALL OF THE ENTRANCE STORY IN ENGLISH AND SPANISH ON THE AVAILABILITY OF THE AGE
2024-06-06HPD class A: § 27-2045 ADM CODE POST A PROPER NOTICE OF SMOKE DETECTOR REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, AT OR NEAR THE MAIL BOX MISS
2024-06-06HPD 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
2024-06-06HPD class C: § 27-2005, 27-2007, 27-2041.1 HMC, §238, § 309; § 107 (2) ( C) MDL AND 28 RCNY §25-171: REPLACE OR REPAIR THE SELF-CLOSING DOORS THAT IS MIS
2024-06-06HPD class A: § 27-2046.1 HMC: POST A PROPER NOTICE OF CARBON MONOXIDE DETECTING DEVICE REQUIREMENTS, IN A FORM APPROVED BY THE COMMISSIONER, IN A COMMON
2024-05-30Mortgage assigned — from SIG CRE 2023 VENTURE LLC to MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS
2024-05-30AALR — from SIG CRE 2023 VENTURE LLC to MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS
2024-04-04Tenant complaint: HEAT/HOT WATER — APARTMENT ONLY
2024-04-04Tenant complaint: GENERAL — COOKING GAS
2024-04-04311: HEAT/HOT WATER — APARTMENT ONLY
2024-04-04311: GENERAL — COOKING GAS
2024-03-12AALR — from FEDERAL DEPOSIT INSURANCE CORPORATION; SIGNATURE BRIDGE BANK, N.A.; IN ITS CAPACITY AS REC to SIG CRE 2023 VENTURE LLC
2024-03-12Mortgage assigned — from IN ITS CAPACITY AS RECEIVER FOR; SIGNATURE BRIDGE BANK, N.A.; FEDERAL DEPOSIT INSURANCE CO to SIG CRE 2023 VENTURE LLC
2024-03-12AALR — from IN ITS CAPACITY AS RECEIVER FOR; FEDERAL DEPOSIT INSURANCE CORPORATION; SIGNATURE BANK, NE to SIGNATURE BRIDGE BANK, N.A.
2024-03-12Mortgage assigned — from IN ITS CAPACITY AS RECEIVER FOR; FEDERAL DEPOSIT INSURANCE CORPORATION; SIGNATURE BANK, NE to SIGNATURE BRIDGE BANK, N.A.
2023
2023-12-12Bedbug filing: 0 infested units
2023-07-17Rodent inspection: Failed for Other Reason
2023-04-25Rodent inspection: Failed for Other Reason
2011-06-06311: Building/Use — Illegal Conversion Of Residential Building/Space
2011-06-06DOB complaint, category ?
2005
2005-06-24Mortgage assigned — from ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA to THE DIME SAVINGS BANK OF WILLIAMSBURGH
2005-06-24TL&R — from ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA to B B OCEAN PROPERTIES LLC
2005-06-24Agreement $1,600,000 — from THE DIME SAVINGS BANK OF WILLIAMSBURGH to CHELSEA REALTY & MANAGEMENT LLC$1,600,000
2005-06-24Mortgage $390,524 — from CHELSEA REALTY & MANAGEMENT LLC to THE DIME SAVINGS BANK OF WILLIAMSBURGH$390,524
2005-06-24Deed $2,250,000 — from B B OCEAN PROPERTIES LLC to CHELSEA REALTY & MANAGEMENT LLC$2,250,000
2005-06-24PAT — from CHELSEA REALTY & MANAGEMENT LLC to STEIN, AARON M ESQ
2004
2004-09-17DOB complaint, category ?
2004-07-04Deed $1,735,000 — from LARK PROPERTIES LLC to BB OCEAN PROPERTIES, LLC$1,735,000
2004-07-04M&CON $1,237,500 — from B.B. OCEAN PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA$1,237,500
2004-07-04AL&R — from ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA to B.B. OCEAN PROPERTIES LLC
2004-04-19TL&R — from LARK PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
2002
2002-04-18Mortgage assigned — from LARK PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
2002-04-18SAGE — from ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
2002-04-18Mortgage $26,836 — from LARK PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA$26,836
2001
2001-04-16Mortgage assigned — from RIDGEWOOD SAVINGS BANK to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
2001-04-16Mortgage assigned — from LARK PROPERTIES LLC to ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIA
2001-04-16Deed — from M F IVY CORP to LARK PROPERTIES LLC
2001-04-16Mortgage $373,418 — from LARK PROPERTIES LLC to ASTORI FEDERAL SAVINGS & LOAN ASSOCIATIO$373,418
1996
1996-01-31Mortgage assigned — from FEDERAL DEPOSIT INSURANCE CORP. to ISLAND RESOURCE EQUITIES CORP
1994
1994-09-28Mortgage $414,456 — from J.F. IVY CORP to RIDGEWOOD SAVINGS BANK$414,456
1994-09-28Agreement — from M.F. IVY CORP to RIDGEWOOD SAVINGS BANK
1994-09-28Mortgage assigned — from CITIBANK, NA to RIDGEWOOD SAVINGS BANK
1993
1993-02-05Deed — from KLEIN, ZALMAN to M F IVY CORP
1992
1992-02-25Deed — from SHWEKEY, MORRIS/ET AL; ROTHENBERG, HERBERTS/RE to KLEIN, ZALMAR
1992-02-11Mortgage assigned — from KLEIN, ZALMAN D to FIRST NY BK/BUSINESS
1992-02-11Mortgage assigned — from KELIEN, ZALMAN D to FIRST NY BANK FOR BUSINE
1992-02-11Mortgage assigned — from KLEIN, ZALMAN D to FIRST NY BK/BUSINESS
1992-02-11Mortgage assigned — from KLEIN, ZALMAN D to FIRST NY BANK FOR BUSINE
1992-01-10DOB complaint, category ?
1991
1991-10-10Mortgage assigned — from KLEIN, DINA to KLEIN, ZALMAN D
1991-10-10Mortgage assigned — from BILIGER SECURITIES INC; LANDAU, ABRAHAM/TR OF to KLEIN, DINA
1990
1990-09-19Mortgage assigned — from BILIGER SECURITIES INC; BILIGER SECURITIES AKA to BILIGER SECUR INC PEN TR
1990-01-31DOB violation C:
1990-01-31DOB violation C:
1990-01-26DOB complaint, category ?
1989
1989-08-08CERT — from SHWEKEY, MORRIS
1989-08-08CERT — from SHWEKEY, MORRIS
1989-08-08Mortgage $120,000 — from SHWEKEY, MORRIS to KLEIN, ZALMAN D$120,000
1989-08-08CERT — from SHWEKEY, MORRIS
1989-06-09Mortgage satisfied — from SHWEKEY, MORRIS; SHWEKEY, DAVID; CHOUEKA, MAX to ATLAS SVGS & LOAN ASSN
1989-05-05Deed — from SHWEKEY, MORRIS to SHWEKEY, MORRIS
1989-05-05Deed — from SHWEKEY, MORRIS to SHWEKEY, MORRIS
1989-04-12SAGE — from SELECT ABSTRACT CORP; SHWEKEY, MORRIS
1989-02-17Mortgage $100,000 — from SHWEKEY, MORRIS to KLEIN, ZALMAN D$100,000
1989-02-01ECB Non-Hazardous violation: WORJ WITHOUT A PERMIT. WORK HAS BEEN EXPIRED IN NOVEMBER OF 88 UNDER NB 512/87. STOP ALL WORK UNTIL A PERMIT IS RENEWED.
1989-01-19DOB violation C: VP
1989-01-19DOB violation C:
1989-01-18DOB complaint, category ?
1988
1988-10-19Mortgage $100,000 — from SHWEKEY, MORRIS to KLEIN, ZALMAN D$100,000
1988-07-26Mortgage $200,000 — from SHWEKEY, MORRIS to BILIGER SECURITIES$200,000
1988-07-26Mortgage satisfied — from SHWEKEY, DAVID; SHWEKEY, MORRIS; CHOUEKA, MAX to ATLAS SVGS & LOAN ASSN
1987
1987-07-28Mortgage $181,500 — from SHWEKEY, MORRIS to CITIBANK NA$181,500
1974
1974-07-17Deed — from SHWEKEY ADELE to SHWEKEY MORRIS
1973
1973-08-29Deed — from SHWEKEY MORRIS; SHWEKEY DAVID; CHOVEKA MAX to SHWEKEY ADELE
1972
1972-02-22Mortgage — from SHWEKEY MORRIS; SHWEKEY DAVID; CHOUEKA MAX to NEEDLEMAN LAWRENCE; NEEDLEMAN ALBERT
1972-02-18Deed — from NEULEMAN SARAH; NEEDLEMAN ALBERT; NEEDLEMAN SARAH DECD; NEEDLEMAN LAWRENCE to SHWEKEY DAVID; SHWEKEY MORRIS; CHOUEKA MAX
1972-02-18Mortgage — from CHOUEKA MAX; SHWEKEY MORRIS; SHWEKEY DAVID to ATLAS SAVS & LOAN ASSN