580 Gerard Avenue
Analysis
The property’s new construction and solid market value are positives, but the over‑built residential FAR and existing penalties create moderate risk for buyers.
The good
- Built in 2022, so systems and finishes are new
- Only one open violation and zero violations per unit indicate good compliance
- Market value on record ($22,033,000) exceeds assessed value ($9,914,850) showing strong equity
- Large average unit size (730 sq ft) for a 197‑unit building
The bad
- Residential floor‑area ratio (5.09) exceeds the residential limit (4), meaning the building is over‑built and cannot be expanded
- Enforcement penalties of $1,250 are owed for summonses and should be cleared at closing
- Assessed value jumped 707.4% suggesting a recent reassessment that may affect future tax bills
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 5.09, against a residential limit of 4.00 — it is over that limit by 1.09. 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 light open-violation load
Only 1 violation is currently open across 197 residential units, with $1,250.00 outstanding. For a building of this age that is a modest figure.
Last recorded sale
Recorded at $16,900,000 on 2 Oct 2020 — $85,787 per residential unit, $106 per built square foot, 1.70× the assessed value.
Assessed value trend
Assessed value has risen 707.4% across the 5 assessment years on record (2023 to 2027), standing at $9,914,850. 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 | 5.09 |
|---|---|
| Residential limit | 4.00 |
| Commercial limit | 0.00 |
| Community-facility limit | 4.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 4.00 |
|---|---|
| Unused ratio | -1.09 |
| Unused buildable area | — |
| Lot area | 31,200 sq ft |
Value & taxes
Assessment
| Assessed total | $9,914,850 |
|---|---|
| Assessed land | $702,000 |
| Assessed building | $9,212,850 |
| Market value on record | $22,033,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $9,808,110 |
| Tax rate | 12.502% |
| Estimated annual levy | $1,226,209.91 |
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 | $9,914,850 | — |
| 2026 | $6,350,850 | +56.1% |
| 2025 | $1,876,050 | +238.5% |
| 2024 | $702,000 | +167.2% |
| 2023 | $1,228,050 | -42.8% |
Building & occupancy
Structure
| Year built | 2022 |
|---|---|
| Floors | 9 |
| Building area | 158,893 sq ft |
| Residential area | 143,819 sq ft |
| Commercial area | 15,074 sq ft |
Occupancy
| Total units | 198 |
|---|---|
| Residential units | 197 |
| Storefronts | 1 |
| Residential Avg unit size | 730 sq ft (calculated) |
| Commercial Avg unit size | 15,074 sq ft (calculated) |
| Building class | D7 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | 149 St-Grand Concourse (4) — 0.16 mi |
|---|---|
| School district | 7 |
| Police precinct | 44 |
| Nearest firehouse | Squad 41 — 330 East 150th Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 6 |
| Environmental restriction | Hazardous materials, noise |
Energy & emissions
| Energy grade | D |
|---|
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 603 Walton Avenue | 2025-03-27 | $1,035,000 | 1,764 | $587 |
| 625 Walton Avenue | 2023-02-22 | $793,000 | 2,364 | $335 |
| 637 Walton Avenue | 2022-07-28 | $1,150,000 | 3,044 | $378 |
| 597 Walton Avenue | 2021-06-22 | $625,000 | 1,770 | $353 |
| 621 Walton Avenue | 2021-01-22 | $850,000 | 3,088 | $275 |
| 603 Walton Ave | 2018-06-15 | $393,000 | 1,764 | $223 |
| 627 Walton Avenue | 2016-02-29 | $335,000 | 2,364 | $142 |
Record activity
Compliance calculated
| Open violations | 1 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $1,250.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $1,250.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 23 |
|---|---|
| Permits / alterations | 27 |
| Recorded documents | 169 |
| 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 | Sb Gerard Avenue, LLC |
|---|---|
| Parcel | 2023530001 |
| Block | 2353 |
| Lot | 1 |
| Mortgage on record | $35,739,990 (2023) — Customer Bank |
| Fixture liens | 4 active fixture liens |
Last recorded transfer
| Date | 2 Oct 2020 |
|---|---|
| Recorded price | $16,900,000 |
| Price per unit | $85,787 |
| Price vs assessed | 1.70× |
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 |
|---|---|---|---|---|---|
| 24 Sep 2025 | Enforcement | CLASS - 2 | ACTIVE | $1,250 | AT TIME OF INSPECTION OBSERVED A SUSPENDED SCAFFOLD PLATFORM AT EXP. 3 CONTRARY TO SKY CLIMBER SPECIFICATIONS. PLATFORM TOTAL LENGTH IS 6 METERS WITH A CANTILEVER(OVERHANG) OF 3 METERS AS PER SPECS MAX CANTILEV |
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 |
|---|---|---|---|---|
| 18 Jul 2026 | Parking Permit Improper Use | Illegal Parking | Closed | 18 Jul 2026 |
| 12 Nov 2025 | Safety Netting/Guard Rails - Damaged/Inadequate/None (Over 6 Stories/75 Feet | BEST/Site Safety | Closed | 18 Nov 2025 |
| 5 Oct 2024 | Excavation Undermining Adjacent Building | General Construction/Plumbing | Closed | 8 Jan 2025 |
| 2 Oct 2024 | Safety Netting/Guard Rails - Damaged/Inadequate/None (Over 6 Stories/75 Feet | BEST/Site Safety | Closed | 3 Oct 2024 |
| 30 Aug 2024 | Banging/Pounding | Noise - Residential | Closed | 30 Aug 2024 |
| 29 Apr 2024 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 3 May 2024 |
| 27 Apr 2024 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 4 May 2024 |
| 20 Apr 2024 | After Hours Work - Illegal | Emergency Response Team (ERT | Closed | 6 May 2024 |
| 26 Feb 2024 | Safety Netting/Guard Rails - Damaged/Inadequate/None (6 Stories/75 Feet Or Less | General Construction/Plumbing | Closed | 27 Feb 2024 |
| 21 Feb 2024 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 26 Feb 2024 |
| 21 Feb 2024 | After Hours Work - Illegal | Emergency Response Team (ERT | Closed | 28 Feb 2024 |
| 20 Feb 2024 | Building Shaking/Vibrating/Structural Stability | General Construction/Plumbing | Closed | 21 Feb 2024 |
| 20 Feb 2024 | Building Shaking/Vibrating/Structural Stability | General Construction/Plumbing | Closed | 21 Feb 2024 |
| 24 Nov 2023 | Blocked Crosswalk | Illegal Parking | Closed | 24 Nov 2023 |
| 10 Nov 2023 | Blocked Crosswalk | Illegal Parking | Closed | 11 Nov 2023 |
| 23 Oct 2023 | Blocked Sidewalk | Illegal Parking | Closed | 23 Oct 2023 |
| 4 May 2023 | Fountain - Over 5 Gallons | Standing Water | Closed | 4 May 2023 |
| 10 Mar 2023 | Excavation Undermining Adjacent Building | General Construction/Plumbing | Closed | 10 Mar 2023 |
| 20 Jan 2023 | With License Plate | Abandoned Vehicle | Closed | 20 Jan 2023 |
| 5 Jan 2023 | Cons - Contrary/Beyond Approved Plans/Permits | General Construction/Plumbing | Closed | 30 Jan 2023 |
| 12 Jan 2021 | LIGHTING | ELECTRIC | Closed | 5 Apr 2021 |
| 12 Jan 2021 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 14 Jan 2021 |
| 1 Jan 2021 | 15 Street Cond/Dump-Out/Drop-Off | Sanitation Condition | Closed | 2 Jan 2021 |
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 Oct 2025 | Plumbing | Signed-off | PL application filed for underground pluming in conjunction with PL #X00588660-S5 |
| 2 Oct 2025 | Suspended Scaffold | Permit Issued | Suspended Scaffold for Facade Restoration as Shown on Plans |
| 23 May 2025 | Mechanical Systems | Signed-off | Mechanical work as per plans filed |
| 16 May 2025 | Supported Scaffold | Signed-off | Installation of a temporarily supported scaffold per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 8 May 2025 | Construction Fence | Signed-off | Installation of a temporary construction fence per plan submitted |
| 17 Mar 2025 | Earth Work | Signed-off | Foundation element being filed in conjunction with new building, job #X00588660 |
| 26 Feb 2025 | Support of Excavation | Signed-off | SOE being filed in conjunction with new building, job #X00588660 |
| 7 Oct 2024 | Supported Scaffold | Signed-off | To install support scaffold for construction of new building |
| 23 Sep 2024 | Standpipe | Signed-off | Temporary Standpipe filing as per plans |
| 11 Sep 2024 | Support of Excavation | Signed-off | SOE work as per plans filed |
| 10 May 2024 | Sidewalk Shed | Signed-off | Installation of a temporarily heavy-duty sidewalk per plan submitted shed legs on roadway. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 10 Apr 2024 | Protection and Mechanical Methods | Signed-off | Wall Bracket installation as per plans filed herewith. No change in use, egress or occupancy |
| 9 Apr 2024 | Protection and Mechanical Methods | Signed-off | Installation of a temporary roof protection and overhead protection per plan submitted. Work shall comply with 2022 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 2 Nov 2023 | Plumbing | Signed-off | Plumbing work as per plans filed |
| 18 Oct 2023 | General Construction | Permit Issued | Application filed to construct new 9 story mixed use building |
| 12 May 2023 | Protection and Mechanical Methods | Signed-off | INSTALLATION OF DUAL 7000 # CAPACITY PERSONNEL/MATERIAL HOISTS DURING NB CONST, FILED SEP. HOISTS SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION. ELEVATOR APPLICATION SUBMITTED SEPARATELY |
| 30 Dec 2022 | Foundation | Signed-off | Foundation work as per plans filed |
| 14 Dec 2022 | Structural | Signed-off | Structural work as per plans filed |
| 7 Dec 2022 | Foundation | Signed-off | FO mini caissons work application filed in conjunction with FO Building:now #X00588660-S1 in order to approved the mini caissons details as part of the foundation work |
| 8 Sep 2022 | Construction Fence | Signed-off | APPLICATION FOR THE INSTALLATION OF CONSTRUCTION FENCE AS PER PLANS. NO CHANGE IN EGRESS, USE OR OCCUPANCY |
| 15 Jun 2022 | DM | ISSUED | — |
| 10 May 2022 | Construction Fence | Permit Issued | Install plywood construction fence in-conjunction with demolition application # 220680895 |
| 3 May 2022 | General Construction | Signed-off | Scope of work filed to break a portion of the slab on grade. No impact to the existing structure. Application is filed in conjunction with FO and SOE job #X00588660 S1/S3. The slab removal is to provide access for installation of a footing |
| 21 Jan 2022 | Sidewalk Shed | Signed-off | INSTALLATION OF HEAVY DUTY SIDEWALK SHED AS PER PLANS. SIDEWALK SHED SHALL COMPLY WITH CHAPTER 33 OF THE 2014 NYC BUILDING CODE. DEMOLITION JOB FILED UNDER SEPARATE APPLICATION |
| 27 Sep 2017 | A2 | ISSUED | — |
| 19 Oct 2001 | A1 | ISSUED | — |
| 19 Oct 2001 | A1 | 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 |
|---|---|---|---|---|
| 23 Jan 2025 | SMIS | — | — | — |
| 12 Jul 2024 | EASE | — | — | — |
| 10 Oct 2023 | Assignment | — | — | — |
| 10 Oct 2023 | Agreement | $17,000,000 | — | — |
| 10 Oct 2023 | AL&R | $17,000,000 | — | — |
| 10 Oct 2023 | Mortgage | $35,739,990 | — | — |
| 10 Oct 2023 | AL&R | $35,739,990 | — | — |
| 10 Oct 2023 | Mortgage | $11,260,010 | — | — |
| 10 Oct 2023 | AL&R | $11,260,010 | — | — |
| 10 Oct 2023 | Agreement | — | — | — |
| 26 Jul 2023 | Agreement | — | — | — |
| 26 Jul 2023 | Agreement | — | — | — |
| 27 Oct 2022 | Assignment | — | — | — |
| 27 Oct 2022 | TL&R | — | — | — |
| 27 Oct 2022 | Mortgage | $17,000,000 | — | — |
| 15 Nov 2021 | TL&R | — | — | — |
| 15 Nov 2021 | Assignment | — | — | — |
| 15 Nov 2021 | Mortgage | $4,100,000 | — | — |
| 15 Nov 2021 | Agreement | $17,000,000 | — | — |
| 15 Nov 2021 | AL&R | $17,000,000 | — | — |
| 14 Oct 2021 | CERT | — | — | — |
| 14 Oct 2021 | ZONE | — | — | — |
| 2 Oct 2020 | Deed | $16,900,000 | — | — |
| 2 Oct 2020 | Mortgage | $12,900,000 | — | — |
| 2 Oct 2020 | AL&R | $12,900,000 | — | — |
| 30 Mar 2015 | Satisfaction of mortgage | — | — | — |
| 14 Jan 2015 | PREL | — | — | — |
| 19 May 2014 | PREL | — | — | — |
| 19 May 2014 | TL&R | — | — | — |
| 15 Nov 2013 | Agreement | $31,915,078 | — | — |
| 20 Aug 2013 | Agreement | $40,985,085 | — | — |
| 7 Feb 2013 | PREL | — | — | — |
| 7 Feb 2013 | Release | — | — | — |
| 7 Feb 2013 | TL&R | — | — | — |
| 7 Feb 2013 | PREL | — | — | — |
| 13 Dec 2012 | Agreement | $53,461,479 | — | — |
| 3 Dec 2012 | TL&R | — | — | — |
| 3 Dec 2012 | PREL | — | — | — |
| 3 Dec 2012 | Agreement | — | — | — |
| 30 Nov 2012 | Agreement | $83,651,979 | — | — |
| 26 Nov 2012 | Agreement | $86,962,024 | — | — |
| 1 Aug 2012 | Agreement | $10,167,888 | — | — |
| 17 Feb 2012 | Agreement | $48,750,621 | — | — |
| 28 Nov 2011 | Agreement | $54,518,456 | — | — |
| 16 Jun 2010 | Agreement | $55,695,850 | — | — |
| 31 Dec 2007 | Agreement | $100,000,000 | — | — |
| 31 Dec 2007 | TL&R | — | — | — |
| 31 Dec 2007 | AL&R | — | — | — |
| 31 Dec 2007 | Mortgage | $28,521,443 | — | — |
| 31 Dec 2007 | Assignment | — | — | — |
Showing the 50 most recent of 150. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 6 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.