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626 1 Avenue

Manhattan · Parcel 1009670001
761
Residential units
2014
Year built
922,828 sq ft
Building area
15
Open violations
$147,099,150
Assessed value

Analysis

AI-generated Risk: Medium

The property carries medium risk due to outstanding safety penalties and over‑building, but its strong market‑value gap and recent sale price offer upside for a buyer who can manage the compliance constraints.

The good

  • assessed value rose 8.5% indicating upward tax assessment trend
  • market value on record (US$326,887,000) far exceeds assessed value, suggesting equity potential
  • recent arm's‑length sale provides a concrete price point (US$10,299,104.68) for valuation reference

The bad

  • US$6,000 in safety‑violation penalties remain unpaid, a material hidden debt
  • building is over‑built for residential use (built FAR 20.42 vs residential limit 10), limiting future expansion
  • 15 open violations indicate ongoing compliance issues

Written by a language model from this property's own figures — the same numbers shown on this page. It introduces no facts of its own: every figure it cites is checked against the data before the text is shown. It is a reading of the numbers, not a professional opinion, and it can be wrong about emphasis even when it is right about arithmetic. See our methodology.

What the numbers say

Generated from this property's own figures using the rules set out in our methodology. Every statement below refers to a number shown on this page.

Already larger than residential zoning would allow

The building occupies a floor-area ratio of 20.42, against a residential limit of 10.00 — it is over that limit by 10.42. A building in this position almost always predates the current rules and is legally non-conforming: it may generally remain, but it typically cannot be enlarged for residential use, and it may not be rebuildable as it stands.

Unresolved conditions on record

15 violations remain open across 761 residential units (about 0.0 per apartment), against an outstanding penalty balance of $0.00. A significant open count with little money attached usually means habitability items that were never certified as corrected, rather than a few expensive enforcement actions — an administrative problem more than a financial one, though it is still a problem.

Last recorded sale

Recorded at $10,299,105 on 15 Aug 2025 — $13,534 per residential unit, $11 per built square foot, 0.07× the assessed value.

Assessed value trend

Assessed value has risen 8.5% across the 5 assessment years on record (2023 to 2027), standing at $147,099,150. Because tax is levied on the assessed figure rather than on market value, a sustained move here tends to show up in the bill.

Development & zoning

Floor-area ratio

Built20.42
Residential limit10.00
Commercial limit3.40
Community-facility limit10.00

Development headroom (calculated) calculated

Highest permitted ratio10.00
Unused ratio-10.42
Unused buildable area—
Lot area45,190 sq ft

Value & taxes

Assessment

Assessed total$147,099,150
Assessed land$22,369,050
Assessed building$124,730,100
Market value on record$326,887,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$147,099,150
Tax rate12.502%
Estimated annual levy$18,390,335.73
Tax exemption (assessed value)421-a — $137,151,759 (through 2039)

The levy is an estimate — taxable value × the published rate for the class. It does not account for exemptions or abatements the property may carry, and will not match an actual bill. It is not the property's total debt to the city: unpaid tax and water arrears are not shown anywhere on this page.

Assessed value by year

YearAssessed valueChange
2027$147,099,150—
2026$146,576,250+0.4%
2025$135,325,350+8.3%
2024$128,315,250+5.5%
2023$135,526,500-5.3%

Building & occupancy

Structure

Year built2014
Floors47
Building area922,828 sq ft
Residential area741,138 sq ft
Commercial area181,690 sq ft

Occupancy

Total units764
Residential units761
Rent-stabilized761
Storefronts2
Residential Avg unit size974 sq ft (calculated)
Commercial Avg unit size60,563 sq ft (calculated)
Building classD8

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayGrand Central-42 St (7) — 0.53 mi
School district2
Police precinct17
Nearest firehouseEngine 21 — 238 East 40 Street

Location risk

Flood zoneHigh-risk (Zone AE)
Hurricane evacuation zoneZone 1
Projected floodplainIn the projected 2050s floodplain
Environmental restrictionAir quality, noise
Cleanup siteEnvironmental cleanup site (completed)
City emergency repairs1 orders — $1,768 billed (through 2023)
Evictions on record22 (most recent 2026)

Building compliance

FacadeRepairs required

Energy & emissions

Energy gradeD
Energy use intensity52.5 kBtu/ft²
Greenhouse-gas emissions4,310 metric tons/yr

Record activity

Compliance calculated

Open violations15
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$6,000.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded572
Permits / alterations86
Recorded documents114
Legal proceedings0

Total penalties owed combines two separate debts — enforcement penalties (from summonses) and safety-violation penalties (unfiled inspections and reports on boilers, elevators, facades and energy use). The second kind accrues quietly and is routinely missed; it is a standing debt on the building, not a fine someone can walk away from. The safety figure could not be retrieved for this property, so no total is shown — we would rather show nothing than a total that silently omits it. Neither figure includes unpaid property tax or water and sewer arrears, which are frequently the largest number of all and appear nowhere on this page. For a true payoff figure, go to the city directly.

Ownership & last recorded sale

Owner of record

OwnerAmerican Copper Building Junior Member L Lc
Parcel1009670001
Block967
Lot1
Mortgage on record$161,450,000 (2022) — Jpmorgan Chase Bank, National Association — note assigned

Last recorded transfer

Date15 Aug 2025
Recorded price$10,299,105
Price per unit$13,534
Price vs assessed0.07×

Owner of record comes from the public land-use record and may lag a recent sale. It is frequently a holding company rather than an individual. If you own or manage this property and believe something here is wrong, tell us — we read and respond to every message of that kind.

Open violations

Open violations only. A violation that was raised and later corrected is not counted — an older building accumulates hundreds of those, and the number says more about its age than its condition.

IssuedCategoryClassStatusAmount dueDescription
3 Jun 2026HousingANOV SENT OUT—27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE MECHANICAL VENTILATION AT CEILING IN THE BATHROOM LOCATED AT APT W17E, 17th STORY, 2nd APARTMENT FROM EAST AT SOUTH
8 May 2026HousingANOV SENT OUT—A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH Housing RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPDS WEBSITE, WWW.NYC.GOV\Housing, SEARCH BED BUGS
31 Oct 2025BuildingGas Piping - a local lawActive—Cycle 1, Sub-cycle C (premises is in Community District 6
10 Oct 2025BuildingElevatorsActive—Violation Issued-Failure To File 2024 Cat1 Test Affirmation of Correction
8 Sep 2025HousingANOV SENT OUT—27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE DOOR KNOB AT ENTRANCE DOOR IN THE 1st ROOM FROM EAST LOCATED AT APT W7A, 7th STORY, 4th APARTMENT FROM EAST AT SOUTH
13 Jun 2025HousingANOV SENT OUT—A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH Housing RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPDS WEBSITE, WWW.NYC.GOV\Housing, SEARCH BED BUGS
11 Oct 2024HousingCNOTICE OF ISSUANCE SENT TO TENANT—HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT W7A, 7th STORY, 4th APARTMENT FROM WEST AT NORTH
11 Oct 2024HousingANOV SENT OUT—27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT ALL WALLS AND CEILING IN THE PRIVATE HALLWAY LOCATED AT APT W7A, 7th STORY, 4th APARTMENT FROM WEST AT NORTH
11 Oct 2024HousingANOV SENT OUT—27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT ALL WALLS AND CEILING IN THE FOYER LOCATED AT APT W7A, 7th STORY, 4th APARTMENT FROM WEST AT NORTH
11 Oct 2024HousingANOV SENT OUT—27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT ALL WALLS AND CEILING IN THE 3rd ROOM FROM EAST LOCATED AT APT W7A, 7th STORY, 4th APARTMENT FROM WEST AT NORTH
22 Feb 2023BuildingFacadesActive—CYCLE 9B NO REPORT FILED
30 May 2018EnforcementCLASS - 2ACTIVE—WORK DOES NOT CONFORM TO APPROVED CONSTRUCTION DOCUMENTS AND/OR APPROVED AMENDMENTS. NOTED: WORK UNDER APPLICATION #121331059 PLAN PAGES 1090.02, 1091.01,A-092.00, AND A-093.00) THE PERMANENT FLOOD SHIELD ATTAC
25 Jul 2016EnforcementCLASS - 2ACTIVE—OPERATION OF CRANE/DERRICK W/O CERTIFICATE OF APPROVAL,CERTIFICATE OF OPERATION,EXPIRED CD. AT TIME OF INSPECTING THE PAPER WORK FOR CD 4439CN 045/14 I OBSERVED THE CD4 HAS EXPIRED. GC COULD NOT PROVIDE A VALID
13 Jan 1997Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
4 Feb 1993Building—VP-VIOLATION UNSERVED Enforcement-ACTIVE—C-CONSTRUCTION OTHER OPTIONAL

Complaints

A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.

DateProblemTypeStatusClosed
27 Aug 2026DogNoiseClosed1 Sep 2026
14 Aug 2026Posted Parking Sign ViolationIllegal ParkingClosed14 Aug 2026
3 Aug 2026Loud TalkingNoise - ResidentialClosed4 Aug 2026
31 Jul 2026Idling or Blocking TrafficSanitation Worker or Vehicle ComplaintClosed3 Aug 2026
28 Jul 2026Driver Complaint - Non PassengerFor Hire Vehicle ComplaintIn Progress—
27 Jul 2026Loud TalkingNoise - ResidentialClosed27 Jul 2026
23 Jul 2026Posted Parking Sign ViolationIllegal ParkingClosed23 Jul 2026
22 Jul 2026ConstructionNoiseClosed28 Jul 2026
19 Jul 2026Air Conditioner/VentilationNoiseClosed29 Jul 2026
19 Jul 2026WINDOW GUARD BROKEN/MISSINGSAFETYClosed25 Jul 2026
14 Jul 2026Noise: Construction Before/After Hours (NM1NoiseClosed16 Jul 2026
12 Jul 2026Privately Owned Public Space/Non-ComplianceSpecial Projects Inspection Team (SPITClosed12 Aug 2026
11 Jul 2026VentilationIndoor Air QualityClosed13 Jul 2026
10 Jul 2026VentilationIndoor Air QualityClosed13 Jul 2026
9 Jul 2026VentilationIndoor Air QualityClosed10 Jul 2026
1 Jul 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed2 Jul 2026
24 Jun 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed25 Jun 2026
20 Jun 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed22 Jun 2026
14 Jun 2026WINDOW PANEDOOR/WINDOWClosed28 Jun 2026
14 Jun 2026REFRIGERATORAPPLIANCEClosed28 Jun 2026
14 Jun 2026VENTILATION SYSTEMGENERALClosed28 Jun 2026
14 Jun 2026FLOORFLOORING/STAIRSClosed28 Jun 2026
10 Jun 2026Driver Complaint - Non PassengerTaxi ComplaintIn Progress—
10 Jun 2026Driver Complaint - Non PassengerFor Hire Vehicle ComplaintClosed26 Jun 2026
10 Jun 2026Driver Complaint - Non PassengerFor Hire Vehicle ComplaintClosed18 Jun 2026
10 Jun 2026Driver Complaint - Non PassengerTaxi ComplaintIn Progress—
2 Jun 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed3 Jun 2026
27 May 2026Illness Caused by Drinking WaterDrinking WaterClosed5 Jun 2026
26 May 2026VENTILATION SYSTEMGENERALClosed12 Jun 2026
26 May 2026REFRIGERATORAPPLIANCEClosed12 Jun 2026
26 May 2026WINDOW PANEDOOR/WINDOWClosed12 Jun 2026
24 May 2026Loud Music/PartyNoise - ResidentialClosed24 May 2026
20 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed22 May 2026
19 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed20 May 2026
16 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed19 May 2026
14 May 2026Loud TalkingNoise - ResidentialClosed14 May 2026
11 May 2026VENTILATION SYSTEMGENERALClosed2 Jun 2026
11 May 2026VENTILATION SYSTEMGENERALClosed2 Jun 2026
11 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed12 May 2026
11 May 2026WINDOW PANEDOOR/WINDOWClosed12 Jun 2026
10 May 2026Non-ChronicHomeless Person AssistanceClosed11 May 2026
7 May 2026REFRIGERATORAPPLIANCEClosed12 Jun 2026
5 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed6 May 2026
1 May 2026Building Shaking/Vibrating/Structural StabilityGeneral Construction/PlumbingClosed2 May 2026
1 May 2026WINDOW PANEDOOR/WINDOWClosed8 May 2026
1 May 2026WINDOW GUARD BROKEN/MISSINGSAFETYClosed8 May 2026
28 Apr 2026Driver Complaint - Non PassengerFor Hire Vehicle ComplaintClosed12 May 2026
21 Apr 2026Noise: Construction Before/After Hours (NM1NoiseClosed22 Apr 2026
21 Apr 2026After Hours Work - IllegalEmergency Response Team (ERTClosed21 Apr 2026
21 Apr 2026Noise: Construction Before/After Hours (NM1NoiseClosed27 Apr 2026

Showing the 50 most recent of 150. The full set is available in the interactive report.

Permits & alterations

The absence of a permit does not prove no work was done — it may equally mean work was done without one.

IssuedTypeStatusWork
6 Oct 2025A2ISSUED—
10 Jul 2023SprinklersSigned-offSPRINKLER AND PLUMBING MODIFICATIONS TO ACCOMMODATE ALTERATIONS FOR THE NEW DAY CARE CENTER AS INDICATED ON PLANS FILED HEREWITH
10 Jul 2023General ConstructionSigned-offMODIFICATIONS OF INTERIOR PARTITIONS AND FINISHES TO ACCOMMODATE ALTERATIONS TO THE NEW DAY CARE CENTER AS INDICATED ON PLANS FILED HEREWITH
10 Jul 2023Mechanical SystemsSigned-offMODIFICATION OF HVAC EQUIPMENT AND DUCTWORK TO ACCOMMODATE ALTERATIONS FOR THE NEW DAY CARE CENTER AS INDICATED ON PLANS FILED HEREWITH
4 May 2023Protection and Mechanical MethodsSigned-offAPPLICATION FOR THE INTALLATION OF SUSPENDED SCAFFOLD FILED HEREIN. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
29 Dec 2022NBISSUED—
1 Dec 2022Mechanical SystemsSigned-offmechanical work
12 Oct 2022SprinklersSigned-offsprinklers work
31 May 2022PlumbingSigned-offplumbing work
13 Jun 2019SignSigned-offILLUMINATED NON ADVERTISING ACCESSORY WALL SIGN - INSIDE PROPERTY LINE - AMERICAN COPPER EAST. NO CHANGE TO USE, EGRESS OR OCCPANCY
26 Apr 2019A2ISSUED—
26 Mar 2019A2ISSUED—
26 Mar 2019A2ISSUED—
9 May 2018A3ISSUED—
16 Apr 2018A3ISSUED—
14 Nov 2017A2ISSUED—
23 Oct 2017A3ISSUED—
21 Aug 2017A3ISSUED—
21 Aug 2017A3ISSUED—
8 Jun 2017A3ISSUED—
5 May 2017A3ISSUED—
8 Mar 2017SGISSUED—
8 Mar 2017SGISSUED—
4 Nov 2016A3ISSUED—
24 Aug 2016A2ISSUED—
6 May 2016A3ISSUED—
15 Sep 2015A3ISSUED—
28 Jul 2015A2ISSUED—
2 Jul 2015A3ISSUED—
20 Oct 2014A3ISSUED—
4 Aug 2014A3ISSUED—
27 Jun 2014A3ISSUED—
27 Jun 2014A3ISSUED—
30 Dec 2013A2ISSUED—
26 Jun 2013A3ISSUED—
4 Jun 2013A2ISSUED—
22 Feb 2013A3ISSUED—
30 Apr 2004A3RE-ISSUED—
30 Apr 2004A3RE-ISSUED—
6 Feb 2004A3ISSUED—
1 Oct 2003A3ISSUED—
4 Sep 2002A3ISSUED—
30 Aug 2002DMISSUED—
30 Aug 2002DMISSUED—
30 Aug 2002DMISSUED—
30 Aug 2002DMISSUED—
30 Aug 2002DMISSUED—
30 Aug 2002DMISSUED—
13 Jun 2001A2ISSUED—
13 Jun 2001A2ISSUED—

Showing the 50 most recent of 86. The full set is available in the interactive report.

Recorded documents

Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.

RecordedTypeAmountFromTo
22 Sep 2025SAGE———
8 Sep 2025Transfer tax return$21,506,273——
8 Sep 2025Transfer tax return$24,767,296——
5 Sep 2025Transfer tax return$284,693,994——
15 Aug 2025Agreement———
15 Aug 2025TERA———
15 Aug 2025Deed$10,299,105——
15 Aug 2025Agreement$525,090,000——
15 Aug 2025Deed———
15 Aug 2025Assignment———
15 Aug 2025Assignment———
15 Aug 2025Agreement———
15 Aug 2025PAT———
27 Sep 2022Assignment———
20 Sep 2022RPTT&RET———
4 May 2022MLEA———
22 Apr 2022Agreement$611,450,000——
22 Apr 2022Agreement———
14 Mar 2022TL&R———
14 Mar 2022Deed$837,000,000——
14 Mar 2022Agreement———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Assignment———
14 Mar 2022Mortgage$161,450,000——
14 Mar 2022Agreement$611,450,000——
14 Mar 2022Agreement———
19 Feb 2019AL&R$500,000,000——
19 Feb 2019Agreement$15,425,959——
19 Feb 2019Agreement$14,390,758——
19 Feb 2019Agreement$42,425,730——
19 Feb 2019Agreement$38,064,450——
19 Feb 2019Agreement$18,937,999——
19 Feb 2019Agreement$173,291,529——
19 Feb 2019Agreement$197,463,575——
3 Jul 2017EASE———
20 Mar 2017Agreement———
23 Feb 2017TL&R———
23 Feb 2017Mortgage$18,937,999——
23 Feb 2017Agreement$197,463,575——
23 Feb 2017Agreement$56,816,488——
23 Feb 2017Assignment———
23 Feb 2017Mortgage$56,509,591——
23 Feb 2017AL&R$500,000,000——
23 Feb 2017Agreement$192,229,528——
23 Feb 2017TL&R———

Showing the 50 most recent of 114. The full set is available in the interactive report.

About this page

Compiled from New York City public records — data retrieved 27 days ago. Coverage on this parcel: 15 of 15 record groups populated. The derived figures — unused floor-area ratio, buildable area, the assessed-value trend and the per-unit ratios — are calculated by us and appear in no public dataset; the formulas are in the methodology.

This is a research tool, not advice. It is not a title search, a lien search, a survey or an inspection, and it does not replace any of them. If a figure here matters to a decision, verify it at the source. See Terms.