2973 Independence Avenue
Analysis
The building presents a low‑risk profile with solid equity and no major penalties, but buyers should address the two outstanding safety reports and recognize that further development is constrained by the unused buildable area.
The good
- Low assessed risk per city records
- No enforcement penalties and only $4,000 in safety violation penalties, a modest amount
- Market value ($29,054,000) more than double the assessed value ($13,074,300) indicating strong equity
The bad
- Two unpaid safety‑violation reports remain, creating a small but real liability
- Thirteen open violations exist, even if they are not deemed consequential
- Unused buildable square footage (195,048 sq ft) shows the site cannot be expanded, limiting upside
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 1.79 against a permitted 4.80, leaving 3.01 of unused ratio — roughly 195,048 sq ft of buildable area on a lot of 64,800 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
13 violations remain open across 120 residential units (about 0.1 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 $23,000,000 on 30 Mar 2018 — $191,667 per residential unit, $199 per built square foot, 1.76× the assessed value.
Assessed value trend
Assessed value has risen 12.6% across the 5 assessment years on record (2023 to 2027), standing at $13,074,300. 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 | 1.79 |
|---|---|
| Residential limit | 2.43 |
| Commercial limit | 0.00 |
| Community-facility limit | 4.80 |
Development headroom (calculated) calculated
| Highest permitted ratio | 4.80 |
|---|---|
| Unused ratio | 3.01 |
| Unused buildable area | 195,048 sq ft |
| Lot area | 64,800 sq ft |
Value & taxes
Assessment
| Assessed total | $13,074,300 |
|---|---|
| Assessed land | $623,700 |
| Assessed building | $12,450,600 |
| Market value on record | $29,054,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 4 |
|---|---|
| Taxable assessed | $13,074,300 |
| Tax rate | 10.592% |
| Estimated annual levy | $1,384,829.86 |
| Tax exemption (assessed value) | Shelter Rent — $13,074,300 (through 2028) |
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 | $13,074,300 | — |
| 2026 | $12,759,300 | +2.5% |
| 2025 | $12,572,550 | +1.5% |
| 2024 | $12,319,200 | +2.1% |
| 2023 | $11,615,400 | +6.1% |
Building & occupancy
Structure
| Year built | 1984 |
|---|---|
| Floors | 14 |
| Building area | 115,800 sq ft |
| Residential area | — |
| Commercial area | 115,800 sq ft |
Occupancy
| Total units | 120 |
|---|---|
| Residential units | 120 |
| Building class | N9 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Marble Hill-225 St (1) — 0.72 mi |
|---|---|
| School district | 10 |
| Police precinct | 50 |
| Nearest firehouse | Engine 52/Ladder 52 — 4550 Henry Hudson Parkway E. |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Not in an evacuation zone |
Building compliance
| Facade | Repairs required |
|---|
Energy & emissions
| Energy grade | D |
|---|---|
| Energy use intensity | 50.0 kBtu/ft² |
| Greenhouse-gas emissions | 435 metric tons/yr |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 735 Kappock Street, 9c | 2025-01-21 | $415,000 | — | — |
| 735 Kappock Street, 8c | 2023-08-02 | $365,000 | — | — |
| 735 Kappock St, 3f | 2022-02-08 | $232,000 | — | — |
| 735 Kappock Street | 2021-12-07 | $600,000 | — | — |
| 716 West 231st Street | 2020-12-29 | $1,375,000 | 4,233 | $325 |
| 735 Kappock St | 2020-01-29 | $385,000 | — | — |
| 735 Kappock Street, 8e | 2019-10-28 | $275,000 | — | — |
| 735 Kappock Street, 11ef | 2019-07-30 | $515,000 | — | — |
Record activity
Compliance calculated
| Open violations | 13 |
|---|---|
| Open per residential unit | 0.1 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $4,000.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 109 |
|---|---|
| Permits / alterations | 16 |
| Recorded documents | 19 |
| 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 | Hp 2995 Independence Avenue Hdfc |
|---|---|
| Parcel | 2057500500 |
| Block | 5750 |
| Lot | 500 |
| Mortgage on record | $32,240,000 (2021) — Greystone Funding Company LLC |
| Fixture liens | 4 active fixture liens |
Last recorded transfer
| Date | 30 Mar 2018 |
|---|---|
| Recorded price | $23,000,000 |
| Price per unit | $191,667 |
| Price vs assessed | 1.76× |
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 |
|---|---|---|---|---|---|
| 22 Oct 2024 | Housing | B | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... 5 SQ.FT. AT EAST WALL IN THE 1st ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST ORIGINAL VIOLATION 17065469 ISSUED 21-JUN-24 HAS BEEN UPGRADED TO CLASS B PER ADMINISTRATIVE CODE §27-2017 |
| 22 Oct 2024 | Housing | B | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... 5 SQ. FT. AT EAST WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST ORIGINAL VIOLATION 17065471 ISSUED 21-JUN-24 HAS BEEN UPGRADED TO CLASS B PER ADMINISTRATIVE CODE §27-201 |
| 22 Oct 2024 | Housing | B | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2017.3 HMC: TRACE AND REPAIR THE SOURCE AND ABATE THE VISIBLE MOLD CONDITION... 5 SQ. FT. AT EAST WALL IN THE 3rd ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST ORIGINAL VIOLATION 17065473 ISSUED 21-JUN-24 HAS BEEN UPGRADED TO CLASS B PER ADMINISTRATIVE CODE §27-201 |
| 9 Oct 2024 | Housing | C | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | HMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 3F, 3rd STORY, 4th APARTMENT FROM WEST AT NORTH |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT CEILING IN THE BATHROOM LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR AT CEILING AND ALL WALLS IN THE BATHROOM LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2005 HMC: PROPERLY REPAIR OR REPLACE THE BROKEN OR DEFECTIVE SINK BASE CABINET FLOOR IN THE KITCHEN LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT EAST WALL IN THE 1st ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT EAST WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 24 Jun 2024 | Housing | A | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT EAST WALL IN THE 3rd ROOM FROM EAST LOCATED AT APT 1G, 1st STORY, 1st APARTMENT FROM NORTH AT EAST |
| 11 Aug 2023 | Building | Elevators | Active | — | Violation Issued-Failure To File 2018 Cat1 Test Report |
| 22 Feb 2023 | Building | Facades | Active | — | CYCLE 9B NO REPORT FILED |
| 30 Aug 2013 | Building | — | V-Building VIOLATION - ACTIVE | — | FAILED TO FILE facade inspection CYCLE 7B TECHNICAL REPORT BY 08/21/2012 |
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 |
|---|---|---|---|---|
| 23 Apr 2026 | BELL/BUZZER/INTERCOM | GENERAL | Closed | 7 Jun 2026 |
| 24 Feb 2026 | Loud Television | Noise - Residential | Closed | 24 Feb 2026 |
| 23 Feb 2026 | Loud Television | Noise - Residential | Closed | 23 Feb 2026 |
| 19 Feb 2026 | Loud Television | Noise - Residential | Closed | 19 Feb 2026 |
| 17 Feb 2026 | Loud Television | Noise - Residential | Closed | 17 Feb 2026 |
| 17 Feb 2026 | Loud Television | Noise - Residential | Closed | 17 Feb 2026 |
| 14 Feb 2026 | Loud Television | Noise - Residential | Closed | 14 Feb 2026 |
| 9 Feb 2026 | Loud Television | Noise - Residential | Closed | 10 Feb 2026 |
| 8 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Open | — |
| 6 Feb 2026 | Loud Television | Noise - Residential | Closed | 6 Feb 2026 |
| 4 Feb 2026 | Loud Television | Noise - Residential | Closed | 4 Feb 2026 |
| 2 Feb 2026 | Loud Television | Noise - Residential | Closed | 3 Feb 2026 |
| 30 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 29 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 28 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 28 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 27 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 27 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 27 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 30 Jan 2026 |
| 24 Jan 2026 | Loud Television | Noise - Residential | Closed | 24 Jan 2026 |
| 24 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 26 Jan 2026 |
| 22 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 23 Jan 2026 |
| 18 Jan 2026 | Loud Television | Noise - Residential | Closed | 18 Jan 2026 |
| 17 Jan 2026 | Loud Television | Noise - Residential | Closed | 17 Jan 2026 |
| 4 Jan 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 6 Jan 2026 |
| 4 Jan 2026 | Loud Television | Noise - Residential | Closed | 4 Jan 2026 |
| 3 Jan 2026 | Loud Television | Noise - Residential | Closed | 3 Jan 2026 |
| 1 Jan 2026 | Loud Television | Noise - Residential | Closed | 1 Jan 2026 |
| 25 Jun 2025 | WATER SUPPLY | PLUMBING | Closed | 26 Jun 2025 |
| 25 Jun 2025 | WATER SUPPLY | PLUMBING | Closed | 26 Jun 2025 |
| 25 Jun 2025 | WATER SUPPLY | PLUMBING | Closed | 26 Jun 2025 |
| 7 Jun 2025 | Branches Damaged | Illegal Tree Damage | In Progress | — |
| 29 Jan 2025 | Possible Water Main Break (Use Comments) (WA1 | Water System | Closed | 31 Jan 2025 |
| 24 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 27 Jan 2025 |
| 22 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 24 Jan 2025 |
| 22 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 24 Jan 2025 |
| 22 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 24 Jan 2025 |
| 22 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 24 Jan 2025 |
| 22 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 24 Jan 2025 |
| 19 Jan 2025 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 22 Jan 2025 |
| 16 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 18 Jan 2025 |
| 16 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 18 Jan 2025 |
| 15 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 16 Jan 2025 |
| 14 Jan 2025 | Roadway | Snow or Ice | Closed | 17 Jan 2025 |
| 14 Jan 2025 | Possible Water Main Break (Use Comments) (WA1 | Water System | Closed | 15 Jan 2025 |
| 14 Jan 2025 | Possible Water Main Break (Use Comments) (WA1 | Water System | Closed | 14 Jan 2025 |
| 14 Jan 2025 | Possible Water Main Break (Use Comments) (WA1 | Water System | Closed | 14 Jan 2025 |
| 14 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 16 Jan 2025 |
| 14 Jan 2025 | Possible Water Main Break (Use Comments) (WA1 | Water System | Closed | 14 Jan 2025 |
| 14 Jan 2025 | Street Flooding (SJ | Sewer | Closed | 14 Jan 2025 |
Showing the 50 most recent of 109. 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 |
|---|---|---|---|
| 8 Nov 2017 | A2 | ISSUED | — |
| 10 May 2017 | A2 | ISSUED | — |
| 20 Apr 2017 | A1 | ISSUED | — |
| 9 Nov 2016 | A2 | ISSUED | — |
| 30 Sep 2016 | A3 | ISSUED | — |
| 3 Aug 2016 | A3 | ISSUED | — |
| 31 Mar 2003 | A3 | RE-ISSUED | — |
| 31 Mar 2003 | A3 | RE-ISSUED | — |
| 18 Dec 2000 | A3 | ISSUED | — |
| 18 Dec 2000 | SG | ISSUED | — |
| 18 Dec 2000 | SG | ISSUED | — |
| 18 Dec 2000 | A3 | ISSUED | — |
| 6 May 1992 | A2 | ISSUED | — |
| 6 May 1992 | A2 | ISSUED | — |
| 6 May 1992 | A2 | ISSUED | — |
| 6 May 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 |
|---|---|---|---|---|
| 28 Sep 2021 | Satisfaction of mortgage | — | — | — |
| 8 Feb 2021 | Mortgage | $32,240,000 | — | — |
| 8 Feb 2021 | SAGE | — | — | — |
| 30 Mar 2018 | Deed | $23,000,000 | — | — |
| 30 Mar 2018 | Agreement | $22,240,000 | — | — |
| 30 Mar 2018 | SAGE | — | — | — |
| 12 Apr 2017 | ZONE | — | — | — |
| 11 Apr 2017 | CERT | — | — | — |
| 27 Feb 2017 | ZONE | — | — | — |
| 16 Feb 2017 | CERT | — | — | — |
| 5 Aug 2015 | Satisfaction of mortgage | — | — | — |
| 5 Aug 2015 | Release | — | — | — |
| 20 Apr 2015 | Agreement | — | — | — |
| 20 Apr 2015 | Deed | $7,401,448 | — | — |
| 20 Apr 2015 | Agreement | — | — | — |
| 20 Apr 2015 | Agreement | — | — | — |
| 20 Apr 2015 | EASE | — | — | — |
| 20 Apr 2015 | Mortgage | $22,240,000 | — | — |
| 25 Jun 1990 | Agreement | — | — | — |
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.