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2502 Amsterdam Avenue

Manhattan · Parcel 1021560022
39
Residential units
1929
Year built
36,108 sq ft
Building area
19
Open violations
$1,254,150
Assessed value

Analysis

AI-generated Risk: Medium

The building offers price upside and recent market activity, but the residential over‑build and open violations create moderate risk for investors.

The good

  • market value on record ($2,787,000) exceeds assessed value ($1,254,150), indicating upside potential
  • recent arms‑length sale in 2022 at $8,462,364 shows market activity and price discovery
  • average unit size (772 sq ft) is typical for the area, supporting stable rent levels
  • building has no enforcement penalties and no legal proceedings

The bad

  • built beyond the residential floor‑area limit (residential FAR 4.87 vs limit 3.44) – over‑built and cannot be expanded
  • 19 open violations (0.5 per unit) signal ongoing compliance issues
  • unused buildable square footage (12,080 sq ft) cannot be used for new apartments due to the over‑built status
  • commercial FAR limit is zero, restricting any mixed‑use conversion

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 4.87, against a residential limit of 3.44 — it is over that limit by 1.43. 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. A higher limit of 6.50 does apply to community-facility use, which produces an apparent 12,080 sq ft of headroom — but that is not residential floor area and is not interchangeable with it. Reading that number as room for more apartments is the most expensive mistake available in this data.

Unresolved conditions on record

19 violations remain open across 39 residential units (about 0.5 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 $8,462,364 on 22 Mar 2022 — $216,984 per residential unit, $234 per built square foot, 6.75× the assessed value.

Assessed value trend

Assessed value has risen 3.5% across the 5 assessment years on record (2023 to 2027), standing at $1,254,150. 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

Built4.87
Residential limit3.44
Commercial limit0.00
Community-facility limit6.50

Development headroom (calculated) calculated

Highest permitted ratio6.50
Unused ratio1.63
Unused buildable area12,080 sq ft
Lot area7,411 sq ft

Value & taxes

Assessment

Assessed total$1,254,150
Assessed land$166,950
Assessed building$1,087,200
Market value on record$2,787,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$1,232,820
Tax rate12.502%
Estimated annual levy$154,127.16

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$1,254,150
2026$1,192,950+5.1%
2025$1,270,800-6.1%
2024$1,234,350+3.0%
2023$1,211,850+1.9%

Building & occupancy

Structure

Year built1929
Floors6
Building area36,108 sq ft
Residential area30,108 sq ft
Commercial area6,000 sq ft

Occupancy

Total units41
Residential units39
Rent-stabilizedon record — count not published
Storefronts2
Residential Avg unit size772 sq ft (calculated)
Commercial Avg unit size3,000 sq ft (calculated)
Building classD7

Record activity

Compliance calculated

Open violations19
Open per residential unit0.5 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed
On tax-lien sale listNo

Activity

Complaints recorded115
Permits / alterations29
Recorded documents75
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

OwnerDy 501 West 184 LLC
Parcel1021560022
Block2156
Lot22

Last recorded transfer

Date22 Mar 2022
Recorded price$8,462,364
Price per unit$216,984
Price vs assessed6.75×

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
17 May 2024HousingAINVALID CERTIFICATION27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT ALL WALLS AND CEILING IN THE KITCHEN LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingAINVALID CERTIFICATION27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT CEILING AND ALL WALLS IN THE FOYER LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingAINVALID CERTIFICATION27-2005 ADM CODE PAINT METAL IN ACCORDANCE WITH DEPT. REGULATION RISER PIPE AT SOUTH IN THE BATHROOM LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingBINVALID CERTIFICATION27-2005 ADM CODE REPLACE WITH NEW THE MISSING UPPER ESCUTCHEON PLATE AT SOUTH RISER IN THE BATHROOM LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingBINVALID CERTIFICATION27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR CEILING IN THE BATHROOM LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingBINVALID CERTIFICATION27-2046.1 HMC: REPAIR OR REPLACE THE CARBON MONOXIDE DETECTING DEVICE(S). DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingBINVALID CERTIFICATION27-2045 ADM CODE REPAIR OR REPLACE THE SMOKE DETECTOR DEFECTIVE IN THE ENTIRE APARTMENT LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingAINVALID CERTIFICATION27-2005 ADM CODE PAINT METAL IN ACCORDANCE WITH DEPT. REGULATION RISER PIPE AND RADIATOR AT SOUTH IN THE 1st ROOM FROM NORTH AT WEST LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
17 May 2024HousingAINVALID CERTIFICATION300 M/D LAW FILE PLANS AND APPLICATION AND LEGALIZE THE FOLLOWING ALTERATION OR RESTORE TO THE LEGAL CONDITION EXISTING PRIOR TO THE MAKING OF SAID ALTERATION PARTITION WALL ERECTED FROM FLOOR TO CEILING AND DIVIDING ONE ROOM INTO TWO IN THE 2nd ROOM FROM NORTH LOCATED AT APT 5G, 5th STORY, 1st APAR
17 May 2024HousingBINVALID CERTIFICATION27-2026 ADM CODE REPAIR THE LEAKY AND/OR DEFECTIVE FAUCETS AT BATHTUB IN THE BATHROOM LOCATED AT APT 5G, 5th STORY, 1st APARTMENT FROM EAST AT SOUTH
4 Mar 2022HousingCNOV CERTIFIED LATEHMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF MICE IN THE ENTIRE APARTMENT LOCATED AT APT 4B, 4th STORY, 1st APARTMENT FROM NORTH AT EAST
4 Mar 2022HousingCNOV CERTIFIED LATEHMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 4B, 4th STORY, 1st APARTMENT FROM NORTH AT EAST
30 Jul 2018HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 1st ROOM FROM NORTH LOCATED AT APT 2D, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST
18 May 2016HousingANOT COMPLIED WITH300 M/D LAW FILE PLANS AND APPLICATION AND LEGALIZE THE FOLLOWING ALTERATION OR RESTORE TO THE LEGAL CONDITION EXISTING PRIOR TO THE MAKING OF SAID ALTERATION WOOD PANELS INSTALLED ON SOUTH AND WEST WALLS IN THE 4th ROOM FROM NORTH LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM NORTH AT EAST
27 Apr 2012HousingBNOT COMPLIED WITH27-2005 ADM CODE REPLACE WITH NEW THE BROKEN OR DEFECTIVE MARBLE SADDLE IN THE BATHROOM LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM NORTH AT EAST
26 Apr 2012HousingBNOT COMPLIED WITH27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOODEN FLOOR IN THE 4th ROOM FROM NORTH LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM NORTH AT EAST
26 Apr 2012HousingBNOT COMPLIED WITH27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR CEILING AND ALL WALLS IN THE KITCHEN LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM NORTH AT EAST
26 Apr 2012HousingBNOT COMPLIED WITH27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR CEILING AND ALL WALLS IN THE PRIVATE HALLWAY LOCATED AT APT 2B, 2nd STORY, 1st APARTMENT FROM NORTH AT EAST
8 Apr 2009HousingANOT COMPLIED WITH300 M/D LAW FILE PLANS AND APPLICATION AND LEGALIZE THE FOLLOWING ALTERATION OR RESTORE TO THE LEGAL CONDITION EXISTING PRIOR TO THE MAKING OF SAID ALTERATION MECHANICAL VENT MOTOR INSTALLED ON ROOF AT NORTHEAST

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
9 Jul 2026Loud Music/PartyNoise - Street/SidewalkClosed9 Jul 2026
9 Apr 2026PotholeStreet ConditionClosed18 Apr 2026
11 Mar 2026PESTSUNSANITARY CONDITIONClosed13 Apr 2026
11 Mar 2026PESTSUNSANITARY CONDITIONClosed13 Apr 2026
8 Mar 2026Loud Music/PartyNoise - ResidentialClosed8 Mar 2026
25 Feb 2026PotholeStreet ConditionClosed26 Feb 2026
13 Jan 2026Loud Music/PartyNoise - ResidentialClosed13 Jan 2026
7 Jan 2026Loud Music/PartyNoise - Street/SidewalkClosed7 Jan 2026
26 Dec 2025Sewage LeakIndoor SewageClosed31 Dec 2025
21 Oct 2025Parking Permit Improper UseIllegal ParkingClosed21 Oct 2025
20 Oct 2025Parking Permit Improper UseIllegal ParkingClosed20 Oct 2025
20 Oct 2025Parking Permit Improper UseIllegal ParkingClosed20 Oct 2025
11 Aug 2025Loud TalkingNoise - ResidentialClosed11 Aug 2025
8 Aug 2025OUTLET/SWITCHELECTRICClosed18 Sep 2025
8 Aug 2025REFRIGERATORAPPLIANCEClosed18 Sep 2025
8 Aug 2025TOILETPLUMBINGClosed18 Sep 2025
8 Aug 2025TOILETPLUMBINGClosed18 Sep 2025
3 Aug 2025Driver Complaint - PassengerFor Hire Vehicle ComplaintClosed10 Jul 2026
31 Jul 2025Fire Hydrant Emergency (FHEWater SystemClosed31 Jul 2025
28 Jul 2025Loud Music/PartyNoise - Street/SidewalkClosed29 Jul 2025
18 May 2025Loud Music/PartyNoise - Street/SidewalkClosed18 May 2025
30 Mar 2025SLOW LEAKWATER LEAKClosed15 Sep 2025
10 Mar 2025Car/Truck MusicNoise - VehicleClosed11 Mar 2025
10 Mar 2025Blocked SidewalkIllegal ParkingClosed11 Mar 2025
10 Feb 2025CEILINGPAINT/PLASTERClosed15 Sep 2025
10 Feb 2025SLOW LEAKWATER LEAKClosed15 Sep 2025
26 Jan 2025WALLPAINT/PLASTERClosed4 Feb 2025
26 Jan 2025CEILINGPAINT/PLASTERClosed4 Feb 2025
8 Jan 2025New BasketLitter Basket RequestClosed13 Jan 2025
21 Nov 2024StopStreet Sign - DanglingClosed25 Nov 2024
19 Nov 2024Loud Music/PartyNoise - ResidentialClosed19 Nov 2024
15 Sep 2024Loud Music/PartyNoise - Street/SidewalkClosed15 Sep 2024
15 Sep 2024Loud Music/PartyNoise - Street/SidewalkClosed15 Sep 2024
11 Aug 2024Loud Music/PartyNoise - Street/SidewalkClosed11 Aug 2024
29 Jul 2024For One AddressNew Tree RequestClosed3 Jun 2025
3 Jul 2024TrashDirty ConditionClosed4 Jul 2024
3 Jul 2024LIGHTINGELECTRICClosed8 Aug 2024
10 May 2024Elevator - Single Device On Property/No Alternate ServiceElevatorClosed31 Jul 2024
6 May 2024Failure To MaintainGeneral Construction/PlumbingClosed17 May 2024
29 Feb 2024CABINETGENERALClosed16 May 2024
29 Feb 2024WALLPAINT/PLASTERClosed16 May 2024
29 Feb 2024FLOORFLOORING/STAIRSClosed16 May 2024
29 Feb 2024NO LIGHTINGELECTRICClosed16 May 2024
29 Feb 2024BATHTUB/SHOWERPLUMBINGClosed16 May 2024
19 Feb 2024ENTIRE BUILDINGHEAT/HOT WATERClosed20 Feb 2024
18 Feb 2024ENTIRE BUILDINGHEAT/HOT WATERClosed20 Feb 2024
1 Feb 2024Rough, Pitted or Cracked RoadsStreet ConditionClosed2 Feb 2024
7 Jan 2024GARBAGE/RECYCLING STORAGEUNSANITARY CONDITIONClosed11 Apr 2024
5 Jan 2024BASIN/SINKPLUMBINGClosed16 May 2024
5 Jan 2024FLOORFLOORING/STAIRSClosed16 May 2024

Showing the 50 most recent of 115. 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
13 Feb 2017A2ISSUED
30 Jan 2015A2ISSUED
14 Jul 2011A2ISSUED
2 Mar 2011A3ISSUED
16 Sep 2010A2ISSUED
16 Sep 2010A2ISSUED
26 Mar 2010A3ISSUED
16 Feb 2010A2ISSUED
16 Feb 2010A2ISSUED
21 Jan 2010A2ISSUED
21 Jan 2010A2ISSUED
5 Jan 2010A2ISSUED
28 Dec 2009A2ISSUED
28 Dec 2009A2ISSUED
19 Aug 2009A3ISSUED
19 Aug 2009A3ISSUED
13 May 2008A1ISSUED
13 May 2008A1ISSUED
11 Jan 2008A1ISSUED
11 Dec 2007A2ISSUED
11 Dec 2007A2ISSUED
24 Aug 2007A2ISSUED
24 Aug 2007A2ISSUED
25 May 2006A2ISSUED
25 May 2006A2ISSUED
2 Feb 2005A2ISSUED
2 Feb 2005A2ISSUED
25 Nov 2003A2ISSUED
25 Nov 2003A2ISSUED

Recorded documents

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

RecordedTypeAmountFromTo
31 Mar 2022Assignment
31 Mar 2022Assignment
31 Mar 2022SPRD
31 Mar 2022Mortgage$1,814,017
31 Mar 2022AL&R$90,440,000
31 Mar 2022Mortgage$12,960,000
31 Mar 2022Agreement$57,960,000
31 Mar 2022CMTG$30,665,983
22 Mar 2022Deed$8,462,364
22 Mar 2022TL&R
26 Jun 2020SPRD$8,892,100
26 Jun 2020SPRD$7,457,023
26 Jun 2020SPRD$2,229,523
26 Jun 2020SPRD$1,208,800
26 Jun 2020SPRD$2,857,791
26 Jun 2020SPRD$4,195,145
26 Jun 2020SPRD$4,130,221
26 Jun 2020SPRD$1,364,814
26 Jun 2020SPRD$10,025,067
24 Jun 2020SPRD$2,639,516
16 Jun 2020Agreement$4,130,221
16 Jun 2020AL&R$4,130,221
16 Jun 2020TL&R
16 Jun 2020TL&R
29 May 2014EASE
29 May 2014Mortgage$400,000
29 May 2014Deed$6,525,000
29 May 2014Agreement$4,167,000
29 May 2014AL&R$4,167,000
29 May 2014Assignment
29 May 2014AL&R$400,000
29 May 2014Mortgage$2,427,416
29 May 2014Release
17 Oct 2013Agreement$1,760,000
17 Oct 2013Mortgage$138,473
9 Dec 2011Agreement$1,746,873
19 Sep 2011ASPM$1,886,569
2 Feb 2007Deed$4,771,088
24 Sep 2003Mortgage$712,457
24 Sep 2003Agreement
13 Aug 1999Satisfaction of mortgage
10 Aug 1999SAGE
10 Aug 1999Mortgage$564,754
10 Aug 1999Assignment
10 Aug 1999Agreement
24 Jul 1998Deed
13 Oct 1994Assignment
12 Sep 1991Agreement
8 Aug 1991Agreement
8 Aug 1991Agreement

Showing the 50 most recent of 75. The full set is available in the interactive report.

About this page

Compiled from New York City public records — data retrieved 29 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.