1387 St Nicholas Avenue
Analysis
The property carries low assessed risk but significant operational concerns, especially the high number of open violations and lack of residential income potential. Buyers should weigh the compliance costs against the development upside offered by the unused buildable area.
The good
- Assessed risk is low per city records
- No enforcement penalties or safety violation debts are recorded
- No legal proceedings are on file
- Built floor‑area ratio (1.61) is well below the residential limit (3.44), leaving development potential
The bad
- 58 open violations are recorded, indicating ongoing compliance issues
- 145 complaints have been filed, suggesting tenant or neighbor dissatisfaction
- The building has zero residential units, limiting rental income opportunities
- No arms‑length sale has occurred; the last recorded sale price was 0, providing no market price benchmark
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.
Unused development capacity on the lot
Built floor-area ratio is 1.61 against a permitted 6.50, leaving 4.89 of unused ratio — roughly 48,900 sq ft of buildable area on a lot of 10,000 sq ft. Treat that as a ceiling under the floor-area rules, not a plan: height limits, setbacks, lot coverage, landmark status and sitting tenants can each reduce it, in some cases to nothing.
Unresolved conditions on record
58 violations remain open, 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.
No arm's-length sale on record
The last recorded transfer is dated 22 Mar 2022 at a recorded price of $0. Transfers between related parties, estate settlements and corrective filings are legitimately recorded at nominal amounts, so this is neither an error nor a bargain — it means there is no usable sale price here, and every ratio derived from one (price per unit, price against assessed value) is therefore withheld rather than shown as zero.
Assessed value trend
Assessed value has fallen 4.4% across the 5 assessment years on record (2023 to 2027), standing at $2,476,350. 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
| Built | 1.61 |
|---|---|
| Residential limit | 3.44 |
| Commercial limit | 0.00 |
| Community-facility limit | 6.50 |
Development headroom (calculated) calculated
| Highest permitted ratio | 6.50 |
|---|---|
| Unused ratio | 4.89 |
| Unused buildable area | 48,900 sq ft |
| Lot area | 10,000 sq ft |
Value & taxes
Assessment
| Assessed total | $2,476,350 |
|---|---|
| Assessed land | $504,000 |
| Assessed building | $1,972,350 |
| Market value on record | $5,503,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 4 |
|---|---|
| Taxable assessed | $2,399,310 |
| Tax rate | 10.592% |
| Estimated annual levy | $254,134.92 |
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
| Year | Assessed value | Change |
|---|---|---|
| 2027 | $2,476,350 | — |
| 2026 | $2,417,850 | +2.4% |
| 2025 | $2,094,750 | +15.4% |
| 2024 | $2,224,800 | -5.8% |
| 2023 | $2,589,300 | -14.1% |
Building & occupancy
Structure
| Year built | 1912 |
|---|---|
| Floors | 2 |
| Building area | 16,080 sq ft |
| Residential area | — |
| Commercial area | 16,080 sq ft |
Occupancy
| Total units | 5 |
|---|---|
| Residential units | 0 |
| Storefronts | 6 |
| Commercial Avg unit size | 3,216 sq ft (calculated) |
| Building class | K2 |
Record activity
Compliance calculated
| Open violations | 58 |
|---|---|
| Open per residential unit | — |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | — |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 145 |
|---|---|
| Permits / alterations | 37 |
| Recorded documents | 48 |
| Legal proceedings | 0 |
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
| Owner | 1387 St. Nicholas Realty LLC |
|---|---|
| Parcel | 1021620039 |
| Block | 2162 |
| Lot | 39 |
Last recorded transfer
| Date | 22 Mar 2022 |
|---|---|
| Recorded price | $0 |
| Price per unit | Not meaningful |
| Price vs assessed | Not meaningful |
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.
| Issued | Category | Class | Status | Amount due | Description |
|---|---|---|---|---|---|
| 25 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2022 Periodic Inspection Report |
| 25 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2022 Periodic Inspection Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2022 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2020 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2021 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2019 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2021 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2020 Cat1 Test Report |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2022 Cat1 Test Report |
| 5 Apr 2019 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR - FAILURE TO FILE CATEGORY 1 2017 INSPECTION/TEST |
| 5 Apr 2019 | Building | Elevators | Active | — | EVCAT1 |
| 15 Sep 2017 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2016 INSPECTION/TEST |
| 15 Sep 2017 | Building | Elevators | Active | — | EVCAT1 |
| 1 Dec 2016 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2015 INSPECTION/TEST |
| 1 Dec 2016 | Building | Elevators | Active | — | EVCAT1 |
| 10 Jun 2015 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2014 INSPECTION/TEST |
| 10 Jun 2015 | Building | Elevators | Active | — | EVCAT1 |
| 31 Oct 2014 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2013 INSPECTION/TEST |
| 31 Oct 2014 | Building | Elevators | Active | — | EVCAT1 |
| 31 Mar 2014 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2012 INSPECTION/TEST |
| 31 Mar 2014 | Building | Elevators | Active | — | EVCAT1 |
| 1 Oct 2012 | Building | — | V-Building VIOLATION - ACTIVE | — | VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2011 INSPECTION/TEST |
| 1 Oct 2012 | Building | Elevators | Active | — | EVCAT1 |
| 8 Oct 2010 | Building | — | V-Building VIOLATION - ACTIVE | — | VCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED |
| 8 Oct 2010 | Building | Elevators | Active | — | VCAT1 |
| 2 Apr 2007 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 2 Apr 2007 | Building | Elevators | Active | — | a local law |
| 1 Oct 2005 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 1 Oct 2005 | Building | Elevators | Active | — | a local law |
| 19 Nov 2004 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 19 Nov 2004 | Building | Elevators | Active | — | a local law |
| 21 Mar 2003 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 21 Mar 2003 | Building | Elevators | Active | — | a local law |
| 19 Feb 2002 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 19 Feb 2002 | Building | Elevators | Active | — | a local law |
| 8 Mar 2001 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 8 Mar 2001 | Building | Elevators | Active | — | a local law |
| 10 Mar 2000 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 10 Mar 2000 | Building | Elevators | Active | — | a local law |
| 20 Jan 1999 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 20 Jan 1999 | Building | Elevators | Active | — | a local law |
| 6 Jan 1998 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 6 Jan 1998 | Building | Elevators | Active | — | a local law |
| 13 Jan 1997 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 13 Jan 1997 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
| 13 Jan 1997 | Building | Elevators | Active | — | a local law |
| 22 Feb 1996 | Building | — | V-Building VIOLATION - ACTIVE | — | C-CONSTRUCTION OTHER OPTIONAL |
| 22 Feb 1996 | Building | — | VP-VIOLATION UNSERVED Enforcement-ACTIVE | — | C-CONSTRUCTION OTHER OPTIONAL |
| 17 Apr 1995 | Building | — | V-Building VIOLATION - ACTIVE | — | a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL |
Showing the 50 most recent of 58. The full set is available in the interactive report.
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
| Date | Problem | Type | Status | Closed |
|---|---|---|---|---|
| 14 Jul 2026 | Merchandise | Obstruction | In Progress | — |
| 11 Jul 2026 | Merchandise | Obstruction | Closed | 14 Jul 2026 |
| 11 Jul 2026 | Merchandise | Obstruction | Closed | 14 Jul 2026 |
| 11 Jul 2026 | Merchandise | Obstruction | Closed | 14 Jul 2026 |
| 11 Jul 2026 | Merchandise | Obstruction | Closed | 14 Jul 2026 |
| 11 Jul 2026 | Merchandise | Obstruction | Closed | 14 Jul 2026 |
| 29 Jun 2026 | Cone | Obstruction | Closed | 30 Jun 2026 |
| 29 Jun 2026 | Food Vendor | Vendor Enforcement | Closed | 29 Jun 2026 |
| 26 Jun 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 27 Jun 2026 |
| 6 Jun 2026 | Overnight Commercial Storage | Illegal Parking | Closed | 6 Jun 2026 |
| 3 Jun 2026 | Blocked Hydrant | Illegal Parking | Closed | 3 Jun 2026 |
| 2 Jun 2026 | Removal Request | Illegal Dumping | Closed | 6 Jun 2026 |
| 2 Jun 2026 | Overflowing dumpster | Dumpster Complaint | Closed | 6 Jun 2026 |
| 2 Jun 2026 | Overflowing dumpster | Dumpster Complaint | Closed | 3 Jun 2026 |
| 1 Jun 2026 | Merchandise | Obstruction | Closed | 6 Jun 2026 |
| 1 Jun 2026 | Merchandise | Obstruction | Closed | 3 Jun 2026 |
| 1 Jun 2026 | Blocked Hydrant | Illegal Parking | Closed | 1 Jun 2026 |
| 25 May 2026 | Merchandise | Obstruction | Closed | 30 May 2026 |
| 22 May 2026 | Car/Truck Music | Noise - Vehicle | Closed | 22 May 2026 |
| 18 May 2026 | Blocked Hydrant | Illegal Parking | Closed | 18 May 2026 |
| 18 May 2026 | Blocked Hydrant | Illegal Parking | Closed | 19 May 2026 |
| 11 May 2026 | Blocked Hydrant | Illegal Parking | Closed | 11 May 2026 |
| 8 Apr 2026 | Merchandise | Obstruction | Closed | 10 Apr 2026 |
| 8 Apr 2026 | Merchandise | Obstruction | Closed | 10 Apr 2026 |
| 29 Mar 2026 | Merchandise | Obstruction | Closed | 3 Apr 2026 |
| 29 Mar 2026 | Merchandise | Obstruction | Closed | 3 Apr 2026 |
| 29 Mar 2026 | Sidewalk Display | Obstruction | Closed | 1 Apr 2026 |
| 21 Feb 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 21 Feb 2026 |
| 26 Jan 2026 | Inappropriate Behavior | Sanitation Worker or Vehicle Complaint | Closed | 3 Feb 2026 |
| 6 Jan 2026 | Food Vendor | Vendor Enforcement | Closed | 6 Jan 2026 |
| 19 Dec 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 20 Dec 2025 |
| 27 Nov 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 27 Nov 2025 |
| 26 Nov 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 26 Nov 2025 |
| 23 Nov 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 23 Nov 2025 |
| 20 Nov 2025 | Other Store (Non-Food | Consumer Complaint | Closed | 21 Dec 2025 |
| 10 Nov 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 10 Nov 2025 |
| 11 Oct 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 12 Oct 2025 |
| 4 Oct 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 4 Oct 2025 |
| 2 Oct 2025 | Merchandise | Obstruction | Closed | 4 Oct 2025 |
| 26 Sep 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 27 Sep 2025 |
| 20 Sep 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 21 Sep 2025 |
| 13 Sep 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 14 Sep 2025 |
| 6 Sep 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 6 Sep 2025 |
| 18 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 19 Aug 2025 |
| 16 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 16 Aug 2025 |
| 12 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 12 Aug 2025 |
| 10 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 10 Aug 2025 |
| 10 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 10 Aug 2025 |
| 10 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 10 Aug 2025 |
| 8 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 8 Aug 2025 |
Showing the 50 most recent of 145. 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.
| Issued | Type | Status | Work |
|---|---|---|---|
| 3 Apr 2024 | Sidewalk Shed | Signed-off | INSTALLATION OF TEMPORARY HEAVY DUTY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY. SIDEWALK SHED SHALL COMPLY WITH CHAPTER #33 OF 2022 THE NYC BUILDING CODE. LIVE LOAD 300PSF |
| 14 Feb 2023 | General Construction | Permit Issued | Interior renovation to existing office space at the 2nd floor; there will be no change in use, egress or occupancy |
| 13 May 2014 | A2 | ISSUED | — |
| 6 Dec 2010 | A2 | ISSUED | — |
| 6 Dec 2010 | A2 | ISSUED | — |
| 8 Nov 2010 | A2 | ISSUED | — |
| 8 Nov 2010 | A2 | ISSUED | — |
| 7 Apr 2009 | A2 | ISSUED | — |
| 7 Apr 2009 | A2 | ISSUED | — |
| 7 Apr 2009 | A2 | ISSUED | — |
| 7 Apr 2009 | A2 | ISSUED | — |
| 4 Mar 2009 | A2 | ISSUED | — |
| 4 Mar 2009 | A2 | ISSUED | — |
| 22 Jan 2009 | A2 | ISSUED | — |
| 20 Jan 2009 | A2 | ISSUED | — |
| 20 Jan 2009 | A2 | ISSUED | — |
| 20 Jan 2009 | A2 | ISSUED | — |
| 3 Jul 2007 | A2 | ISSUED | — |
| 20 Nov 2006 | A2 | ISSUED | — |
| 20 Nov 2006 | A2 | ISSUED | — |
| 17 Nov 2005 | A2 | ISSUED | — |
| 17 Nov 2005 | A2 | ISSUED | — |
| 22 Mar 2002 | A2 | ISSUED | — |
| 19 Mar 2002 | A2 | ISSUED | — |
| 19 Mar 2002 | A2 | ISSUED | — |
| 19 Mar 2002 | A2 | ISSUED | — |
| 14 May 1998 | A2 | ISSUED | — |
| 14 May 1998 | A2 | ISSUED | — |
| 18 Jun 1997 | A2 | ISSUED | — |
| 18 Jun 1997 | A2 | ISSUED | — |
| 19 Jan 1996 | A2 | ISSUED | — |
| 19 Jan 1996 | A2 | ISSUED | — |
| 19 Jan 1996 | A2 | ISSUED | — |
| 3 May 1993 | A2 | ISSUED | — |
| 18 Nov 1992 | A2 | ISSUED | — |
| 18 Nov 1992 | A2 | ISSUED | — |
| 16 Sep 1992 | A2 | ISSUED | — |
Recorded documents
Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.
| Recorded | Type | Amount | From | To |
|---|---|---|---|---|
| 6 Apr 2022 | Mortgage | $30,665,983 | — | — |
| 6 Apr 2022 | Agreement | $30,665,983 | — | — |
| 6 Apr 2022 | CMTG | $59,774,017 | — | — |
| 31 Mar 2022 | AL&R | $90,440,000 | — | — |
| 22 Mar 2022 | Deed | — | — | — |
| 5 Mar 2013 | TL&R | — | — | — |
| 5 Mar 2013 | PREL | — | — | — |
| 17 Apr 2003 | Agreement | $2,953,648 | — | — |
| 17 Apr 2003 | PAT | — | — | — |
| 17 Apr 2003 | AL&R | $2,953,648 | — | — |
| 14 Dec 2001 | EASE | — | — | — |
| 19 Nov 1999 | Agreement | — | — | — |
| 19 Nov 1999 | Assignment | — | — | — |
| 19 Nov 1999 | Mortgage | $84,547 | — | — |
| 19 Nov 1999 | Agreement | — | — | — |
| 19 Nov 1999 | Assignment | — | — | — |
| 12 Dec 1995 | CERT | — | — | — |
| 12 Dec 1995 | SAGE | — | — | — |
| 24 Jan 1994 | Assignment | — | — | — |
| 24 Jan 1994 | Agreement | — | — | — |
| 24 Jan 1994 | Release | — | — | — |
| 24 Jan 1994 | Release | — | — | — |
| 24 Jan 1994 | Assignment | — | — | — |
| 24 Jan 1994 | Release | — | — | — |
| 24 Jan 1994 | Agreement | — | — | — |
| 24 Jan 1994 | Mortgage | $1,337,694 | — | — |
| 24 Jan 1994 | Mortgage | $638,717 | — | — |
| 24 Jan 1994 | Mortgage | $300,000 | — | — |
| 24 Jan 1994 | Agreement | — | — | — |
| 11 Jul 1991 | Agreement | — | — | — |
| 11 Jul 1991 | Mortgage | $1,078,360 | — | — |
| 11 Jul 1991 | Assignment | — | — | — |
| 13 Jan 1989 | Assignment | — | — | — |
| 8 Jan 1987 | SAGE | — | — | — |
| 8 Jan 1987 | Satisfaction of mortgage | — | — | — |
| 8 Jan 1987 | SAGE | — | — | — |
| 16 Jan 1984 | Mortgage | $447,658 | — | — |
| 16 Jan 1984 | Deed | — | — | — |
| 23 Nov 1976 | SAGE | — | — | — |
| 23 Nov 1976 | Assignment | — | — | — |
| 23 Nov 1976 | LEAS | — | — | — |
| 24 Aug 1976 | MISC | — | — | — |
| 20 May 1975 | Deed | — | — | — |
| 7 Aug 1974 | Assignment | — | — | — |
| 2 Aug 1974 | Assignment | — | — | — |
| 26 May 1970 | Deed | — | — | — |
| 14 Apr 1969 | Deed | — | — | — |
| 29 Jul 1968 | Assignment | — | — | — |
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.