Searching…

1387 St Nicholas Avenue

Manhattan · Parcel 1021620039
0
Residential units
1912
Year built
16,080 sq ft
Building area
58
Open violations
$2,476,350
Assessed value

Analysis

AI-generated Risk: Low

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

Built1.61
Residential limit3.44
Commercial limit0.00
Community-facility limit6.50

Development headroom (calculated) calculated

Highest permitted ratio6.50
Unused ratio4.89
Unused buildable area48,900 sq ft
Lot area10,000 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 market45.0%

Tax

Tax class4
Taxable assessed$2,399,310
Tax rate10.592%
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

YearAssessed valueChange
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 built1912
Floors2
Building area16,080 sq ft
Residential area—
Commercial area16,080 sq ft

Occupancy

Total units5
Residential units0
Storefronts6
Commercial Avg unit size3,216 sq ft (calculated)
Building classK2

Neighborhood, risk & energy

Neighborhood & transit

Nearest subway181 St (1) — 0.1 mi
School district6
Police precinct34
Nearest firehouseBattalion 13/Engine 93/Ladder 45 — 515 West 181 Street

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone

Comparable sales

AddressSale datePriceSq ft$/sq ft
601 West 179th Street2023-10-06$4,500,00020,247$222

Record activity

Compliance calculated

Open violations58
Open per residential unit—
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed—
On tax-lien sale listNo

Activity

Complaints recorded147
Permits / alterations37
Recorded documents48
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

Owner1387 St. Nicholas Realty LLC
Parcel1021620039
Block2162
Lot39
Mortgage on record$30,665,983 (2022) — Morgan Stanley Private Bank, National Association
Fixture liens4 active fixture liens

Last recorded transfer

Date22 Mar 2022
Recorded price$0
Price per unitNot meaningful
Price vs assessedNot 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.

IssuedCategoryClassStatusAmount dueDescription
25 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Periodic Inspection Report
25 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Periodic Inspection Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2020 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2021 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2019 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2021 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2018 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2020 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Cat1 Test Report
5 Apr 2019Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR - FAILURE TO FILE CATEGORY 1 2017 INSPECTION/TEST
5 Apr 2019BuildingElevatorsActive—EVCAT1
15 Sep 2017Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2016 INSPECTION/TEST
15 Sep 2017BuildingElevatorsActive—EVCAT1
1 Dec 2016Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2015 INSPECTION/TEST
1 Dec 2016BuildingElevatorsActive—EVCAT1
10 Jun 2015Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2014 INSPECTION/TEST
10 Jun 2015BuildingElevatorsActive—EVCAT1
31 Oct 2014Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2013 INSPECTION/TEST
31 Oct 2014BuildingElevatorsActive—EVCAT1
31 Mar 2014Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2012 INSPECTION/TEST
31 Mar 2014BuildingElevatorsActive—EVCAT1
1 Oct 2012Building—V-Building VIOLATION - ACTIVE—VIOLATION ISSUED TO ELEVATOR-FAILURE TO FILE CATEGORY 1 2011 INSPECTION/TEST
1 Oct 2012BuildingElevatorsActive—EVCAT1
8 Oct 2010Building—V-Building VIOLATION - ACTIVE—VCAT1-ELEVATOR ANNUAL INSPECTION / TEST ELEVATORREQUIRED
8 Oct 2010BuildingElevatorsActive—VCAT1
2 Apr 2007Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
2 Apr 2007BuildingElevatorsActive—a local law
1 Oct 2005Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
1 Oct 2005BuildingElevatorsActive—a local law
19 Nov 2004Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
19 Nov 2004BuildingElevatorsActive—a local law
21 Mar 2003Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
21 Mar 2003BuildingElevatorsActive—a local law
19 Feb 2002Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
19 Feb 2002BuildingElevatorsActive—a local law
8 Mar 2001Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
8 Mar 2001BuildingElevatorsActive—a local law
10 Mar 2000Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
10 Mar 2000BuildingElevatorsActive—a local law
20 Jan 1999Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
20 Jan 1999BuildingElevatorsActive—a local law
6 Jan 1998Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
6 Jan 1998BuildingElevatorsActive—a local law
13 Jan 1997Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
13 Jan 1997Building—V-Building VIOLATION - ACTIVE—a local law-a local law/81 - ELEVATOR ELEVATOROPTIONAL
13 Jan 1997BuildingElevatorsActive—a local law
22 Feb 1996Building—V-Building VIOLATION - ACTIVE—C-CONSTRUCTION OTHER OPTIONAL
22 Feb 1996Building—VP-VIOLATION UNSERVED Enforcement-ACTIVE—C-CONSTRUCTION OTHER OPTIONAL
17 Apr 1995Building—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.

DateProblemTypeStatusClosed
18 Aug 2026TorturedAnimal-AbuseClosed18 Aug 2026
5 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed6 Aug 2026
14 Jul 2026MerchandiseObstructionClosed18 Jul 2026
11 Jul 2026MerchandiseObstructionClosed14 Jul 2026
11 Jul 2026MerchandiseObstructionClosed14 Jul 2026
11 Jul 2026MerchandiseObstructionClosed14 Jul 2026
11 Jul 2026MerchandiseObstructionClosed14 Jul 2026
11 Jul 2026MerchandiseObstructionClosed14 Jul 2026
29 Jun 2026ConeObstructionClosed30 Jun 2026
29 Jun 2026Food VendorVendor EnforcementClosed29 Jun 2026
26 Jun 2026Loud Music/PartyNoise - Street/SidewalkClosed27 Jun 2026
6 Jun 2026Overnight Commercial StorageIllegal ParkingClosed6 Jun 2026
3 Jun 2026Blocked HydrantIllegal ParkingClosed3 Jun 2026
2 Jun 2026Removal RequestIllegal DumpingClosed6 Jun 2026
2 Jun 2026Overflowing dumpsterDumpster ComplaintClosed6 Jun 2026
2 Jun 2026Overflowing dumpsterDumpster ComplaintClosed3 Jun 2026
1 Jun 2026MerchandiseObstructionClosed6 Jun 2026
1 Jun 2026MerchandiseObstructionClosed3 Jun 2026
1 Jun 2026Blocked HydrantIllegal ParkingClosed1 Jun 2026
25 May 2026MerchandiseObstructionClosed30 May 2026
22 May 2026Car/Truck MusicNoise - VehicleClosed22 May 2026
18 May 2026Blocked HydrantIllegal ParkingClosed18 May 2026
18 May 2026Blocked HydrantIllegal ParkingClosed19 May 2026
11 May 2026Blocked HydrantIllegal ParkingClosed11 May 2026
8 Apr 2026MerchandiseObstructionClosed10 Apr 2026
8 Apr 2026MerchandiseObstructionClosed10 Apr 2026
29 Mar 2026MerchandiseObstructionClosed3 Apr 2026
29 Mar 2026MerchandiseObstructionClosed3 Apr 2026
29 Mar 2026Sidewalk DisplayObstructionClosed1 Apr 2026
21 Feb 2026Loud Music/PartyNoise - Street/SidewalkClosed21 Feb 2026
26 Jan 2026Inappropriate BehaviorSanitation Worker or Vehicle ComplaintClosed3 Feb 2026
6 Jan 2026Food VendorVendor EnforcementClosed6 Jan 2026
19 Dec 2025Loud Music/PartyNoise - Street/SidewalkClosed20 Dec 2025
27 Nov 2025Loud Music/PartyNoise - Street/SidewalkClosed27 Nov 2025
26 Nov 2025Loud Music/PartyNoise - Street/SidewalkClosed26 Nov 2025
23 Nov 2025Loud Music/PartyNoise - Street/SidewalkClosed23 Nov 2025
20 Nov 2025Other Store (Non-FoodConsumer ComplaintClosed21 Dec 2025
10 Nov 2025Loud Music/PartyNoise - Street/SidewalkClosed10 Nov 2025
11 Oct 2025Loud Music/PartyNoise - Street/SidewalkClosed12 Oct 2025
4 Oct 2025Loud Music/PartyNoise - Street/SidewalkClosed4 Oct 2025
2 Oct 2025MerchandiseObstructionClosed4 Oct 2025
26 Sep 2025Loud Music/PartyNoise - Street/SidewalkClosed27 Sep 2025
20 Sep 2025Loud Music/PartyNoise - Street/SidewalkClosed21 Sep 2025
13 Sep 2025Loud Music/PartyNoise - Street/SidewalkClosed14 Sep 2025
6 Sep 2025Loud Music/PartyNoise - Street/SidewalkClosed6 Sep 2025
18 Aug 2025Loud Music/PartyNoise - Street/SidewalkClosed19 Aug 2025
16 Aug 2025Loud Music/PartyNoise - Street/SidewalkClosed16 Aug 2025
12 Aug 2025Loud Music/PartyNoise - Street/SidewalkClosed12 Aug 2025
10 Aug 2025Loud Music/PartyNoise - Street/SidewalkClosed10 Aug 2025
10 Aug 2025Loud Music/PartyNoise - Street/SidewalkClosed10 Aug 2025

Showing the 50 most recent of 147. 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
3 Apr 2024Sidewalk ShedSigned-offINSTALLATION 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 2023General ConstructionPermit IssuedInterior renovation to existing office space at the 2nd floor; there will be no change in use, egress or occupancy
13 May 2014A2ISSUED—
6 Dec 2010A2ISSUED—
6 Dec 2010A2ISSUED—
8 Nov 2010A2ISSUED—
8 Nov 2010A2ISSUED—
7 Apr 2009A2ISSUED—
7 Apr 2009A2ISSUED—
7 Apr 2009A2ISSUED—
7 Apr 2009A2ISSUED—
4 Mar 2009A2ISSUED—
4 Mar 2009A2ISSUED—
22 Jan 2009A2ISSUED—
20 Jan 2009A2ISSUED—
20 Jan 2009A2ISSUED—
20 Jan 2009A2ISSUED—
3 Jul 2007A2ISSUED—
20 Nov 2006A2ISSUED—
20 Nov 2006A2ISSUED—
17 Nov 2005A2ISSUED—
17 Nov 2005A2ISSUED—
22 Mar 2002A2ISSUED—
19 Mar 2002A2ISSUED—
19 Mar 2002A2ISSUED—
19 Mar 2002A2ISSUED—
14 May 1998A2ISSUED—
14 May 1998A2ISSUED—
18 Jun 1997A2ISSUED—
18 Jun 1997A2ISSUED—
19 Jan 1996A2ISSUED—
19 Jan 1996A2ISSUED—
19 Jan 1996A2ISSUED—
3 May 1993A2ISSUED—
18 Nov 1992A2ISSUED—
18 Nov 1992A2ISSUED—
16 Sep 1992A2ISSUED—

Recorded documents

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

RecordedTypeAmountFromTo
6 Apr 2022Mortgage$30,665,983——
6 Apr 2022Agreement$30,665,983——
6 Apr 2022CMTG$59,774,017——
31 Mar 2022AL&R$90,440,000——
22 Mar 2022Deed———
5 Mar 2013TL&R———
5 Mar 2013PREL———
17 Apr 2003Agreement$2,953,648——
17 Apr 2003PAT———
17 Apr 2003AL&R$2,953,648——
14 Dec 2001EASE———
19 Nov 1999Agreement———
19 Nov 1999Assignment———
19 Nov 1999Mortgage$84,547——
19 Nov 1999Agreement———
19 Nov 1999Assignment———
12 Dec 1995CERT———
12 Dec 1995SAGE———
24 Jan 1994Assignment———
24 Jan 1994Agreement———
24 Jan 1994Release———
24 Jan 1994Release———
24 Jan 1994Assignment———
24 Jan 1994Release———
24 Jan 1994Agreement———
24 Jan 1994Mortgage$1,337,694——
24 Jan 1994Mortgage$638,717——
24 Jan 1994Mortgage$300,000——
24 Jan 1994Agreement———
11 Jul 1991Agreement———
11 Jul 1991Mortgage$1,078,360——
11 Jul 1991Assignment———
13 Jan 1989Assignment———
8 Jan 1987SAGE———
8 Jan 1987Satisfaction of mortgage———
8 Jan 1987SAGE———
16 Jan 1984Mortgage$447,658——
16 Jan 1984Deed———
23 Nov 1976SAGE———
23 Nov 1976Assignment———
23 Nov 1976LEAS———
24 Aug 1976MISC———
20 May 1975Deed———
7 Aug 1974Assignment———
2 Aug 1974Assignment———
26 May 1970Deed———
14 Apr 1969Deed———
29 Jul 1968Assignment———

About this page

Compiled from New York City public records — retrieved today. 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.