Searching…
PropertyDiSHi

54 Crown Street

Brooklyn · Parcel 3011900029
569
Residential units
2024
Year built
509,488 sq ft
Building area
10
Open violations
$71,297,100
Assessed value

Analysis

AI-generated Risk: Medium

The building offers a low acquisition cost per unit and modern construction, but the over‑built condition and existing violations create a medium‑risk profile that buyers must address.

The good

  • Built in 2024, so the building is brand‑new with modern systems
  • Market value of $158,438,000 far exceeds the assessed value, indicating strong upside potential
  • Price per unit of $72,100 is well below the implied market price per unit, offering a discount
  • Large total of 569 residential units provides scale and diversification of rental income

The bad

  • Construction exceeds the residential floor‑area limit (over‑built), a regulatory constraint
  • Ten open violations remain, which could require remediation before financing or occupancy
  • Medium risk rating reflects the over‑built status despite no monetary penalties

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 9.20, against a residential limit of 6.02 — it is over that limit by 3.18. 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 10 violations are currently open across 569 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.

Last recorded sale

Recorded at $41,025,000 on 9 Aug 2018 — $72,100 per residential unit, $81 per built square foot, 0.58× the assessed value.

Assessed value trend

Assessed value has risen 19,711.4% across the 5 assessment years on record (2023 to 2027), standing at $71,297,100. 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

Built9.20
Residential limit6.02
Commercial limit0.00
Community-facility limit6.00

Development headroom (calculated) calculated

Highest permitted ratio6.02
Unused ratio-3.18
Unused buildable area—
Lot area55,385 sq ft

Value & taxes

Assessment

Assessed total$71,297,100
Assessed land$2,435,850
Assessed building$68,861,250
Market value on record$158,438,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$70,017,353
Tax rate12.502%
Estimated annual levy$8,753,569.47
Tax exemption (assessed value)421-a — $71,029,504 (through 2061)

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$71,297,100—
2026$36,643,950+94.6%
2025$324,780+11,182.7%
2024$341,880-5.0%
2023$359,880-5.0%

Building & occupancy

Structure

Year built2024
Floors17
Building area509,488 sq ft
Residential area465,862 sq ft
Commercial area43,626 sq ft

Occupancy

Total units571
Residential units569
Rent-stabilized560
Free Market / Other9
Residential Avg unit size819 sq ft (calculated)
Commercial Avg unit size21,813 sq ft (calculated)
Building classD6

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayBotanic Garden (S) — 0.24 mi
School district17
Police precinct71
Nearest firehouseEngine 280/Ladder 132 — 489 Saint John's Place

Location risk

Flood zoneMinimal hazard (Zone X)
Hurricane evacuation zoneNot in an evacuation zone
Environmental restrictionHazardous materials, air quality
Cleanup siteVoluntary cleanup site (completed)

Comparable sales

AddressSale datePriceSq ft$/sq ft
111 Montgomery Street, 9g2026-05-29$838,000——
915 Washington Ave2026-03-31$2,305,59240,448$57
111 Montgomery Street, 8m2026-03-30$800,000——
111 Montgomery Street, 5b2026-02-27$690,000——
111 Montgomery Street, 6k2026-02-24$799,000——
111 Montgomery Street, 2j2026-01-23$1,061,630——
111 Montgomery Street, 7m2025-11-14$800,000——
111 Montgomery St, 1c2025-09-10$1,240,000——

Record activity

Compliance calculated

Open violations10
Open per residential unit0.0 (calculated)
Enforcement penalties$0.00
Safety-violation penaltiesNot available
Total penalties owed$0.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded247
Permits / alterations37
Recorded documents69
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

OwnerCp Vi Crown Heights, LLC
Parcel3011900029
Block1190
Lot29
Mortgage on record$31,414,000 (2026) — Wells Fargo Bank, National Association
Fixture liens6 active fixture liens

Last recorded transfer

Date9 Aug 2018
Recorded price$41,025,000
Price per unit$72,100
Price vs assessed0.58×

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
29 Aug 2025BuildingElevatorsActive—Violation Issued-Failure To File 2024 Periodic Inspection Report
29 Aug 2025BuildingElevatorsActive—Violation Issued-Failure To File 2024 Cat1 Test Report
11 Sep 2024BuildingElevatorsActive—Violation Issued-Failure To File 2023 Cat1 Test Report
11 Sep 2024BuildingElevatorsActive—Violation Issued-Failure To File 2023 Periodic Inspection Report
25 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Periodic Inspection Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2018 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 2020 Cat1 Test Report
11 Aug 2023BuildingElevatorsActive—Violation Issued-Failure To File 2022 Cat1 Test 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
6 Aug 2026ENTIRE BUILDINGHEAT/HOT WATEROpen—
6 Aug 2026ENTIRE BUILDINGHEAT/HOT WATEROpen—
5 Aug 2026ENTIRE BUILDINGHEAT/HOT WATERClosed6 Aug 2026
5 Aug 2026ENTIRE BUILDINGHEAT/HOT WATERClosed6 Aug 2026
4 Aug 2026Loud Music/PartyNoise - Street/SidewalkClosed4 Aug 2026
4 Aug 2026ENTIRE BUILDINGHEAT/HOT WATERClosed5 Aug 2026
4 Aug 2026ENTIRE BUILDINGHEAT/HOT WATERClosed5 Aug 2026
13 Jul 2026New BasketLitter Basket RequestClosed13 Jul 2026
10 Jul 2026Trash or RecyclingObstructionClosed13 Jul 2026
10 Jul 2026Rat SightingRodentClosed31 Jul 2026
6 Jul 2026Posted Parking Sign ViolationIllegal ParkingClosed6 Jul 2026
2 Jul 2026Storage Area Not ProvidedResidential Disposal ComplaintClosed8 Jul 2026
2 Jul 2026Posted Parking Sign ViolationIllegal ParkingClosed2 Jul 2026
30 Jun 2026Posted Parking Sign ViolationIllegal ParkingClosed30 Jun 2026
26 Jun 2026Replacement BasketLitter Basket RequestClosed27 Jun 2026
24 Jun 2026CEILINGPAINT/PLASTERClosed14 Jul 2026
24 Jun 2026DAMP SPOTWATER LEAKClosed14 Jul 2026
24 Jun 2026CEILINGPAINT/PLASTERClosed14 Jul 2026
24 Jun 2026MOLDUNSANITARY CONDITIONClosed27 Jun 2026
24 Jun 2026HEAVY FLOWWATER LEAKClosed29 Jun 2026
24 Jun 2026CEILINGPAINT/PLASTERClosed29 Jun 2026
24 Jun 2026Banging/PoundingNoise - ResidentialClosed24 Jun 2026
24 Jun 2026Posted Parking Sign ViolationIllegal ParkingClosed24 Jun 2026
23 Jun 2026Banging/PoundingNoise - ResidentialClosed24 Jun 2026
8 Jun 2026Allowed in Smoke Free AreaSmoking or VapingClosed7 Aug 2026
1 Jun 2026Noise: Construction Before/After Hours (NM1NoiseClosed9 Jun 2026
1 Jun 2026Banging/PoundingNoise - ResidentialClosed1 Jun 2026
31 May 2026Noise: Construction Equipment (NC1NoiseClosed2 Jun 2026
26 May 2026Removal RequestIllegal DumpingClosed27 May 2026
24 May 2026Loud Music/PartyNoise - ResidentialClosed24 May 2026
24 May 2026Loud Music/PartyNoise - ResidentialClosed24 May 2026
24 May 2026Loud Music/PartyNoise - ResidentialClosed24 May 2026
24 May 2026Loud Music/PartyNoise - ResidentialClosed24 May 2026
22 May 2026Branch or Limb Has Fallen DownDamaged TreeClosed24 May 2026
19 May 2026Loud Music/PartyNoise - ResidentialClosed19 May 2026
11 May 2026Car/Truck MusicNoise - VehicleClosed12 May 2026
11 May 2026Allowed in Smoke Free AreaSmoking or VapingClosed10 Jul 2026
9 May 2026Waste Not SeparatedResidential Disposal ComplaintClosed13 May 2026
19 Apr 2026TrashDirty ConditionClosed20 Apr 2026
9 Apr 2026Double Parked Blocking VehicleIllegal ParkingClosed9 Apr 2026
8 Apr 2026Loud Music/PartyNoise - ResidentialClosed8 Apr 2026
6 Apr 2026Elevator - Multiple Devices On PropertyElevatorClosed14 Apr 2026
3 Apr 2026St Name - Attached to PoleStreet Sign - MissingClosed8 Apr 2026
28 Mar 2026Partial AccessBlocked DrivewayClosed29 Mar 2026
25 Mar 2026BirdDead AnimalClosed27 Mar 2026
19 Mar 2026Cons - Contrary/Beyond Approved Plans/PermitsGeneral Construction/PlumbingClosed24 Apr 2026
5 Mar 2026Loud Music/PartyNoise - ResidentialClosed5 Mar 2026
24 Feb 2026SidewalkSnow or IceClosed28 Feb 2026
17 Feb 2026Loud Music/PartyNoise - Street/SidewalkClosed17 Feb 2026
1 Feb 2026APARTMENT ONLYHEAT/HOT WATERClosed7 Feb 2026

Showing the 50 most recent of 150. 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
27 Dec 2024Suspended ScaffoldSigned-offINSTALLATION OF EZ SCALE SCAFFOLDING IN ACCORDANCE WITH NYCC CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
27 Nov 2024Suspended ScaffoldPermit Issued—
21 Oct 2024Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY PERSONNEL MATERIAL HOIST AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
10 Oct 2024PlumbingSigned-offPLUMBING WORK FOR BELOW CELLAR SLAB PIPING ONLY AS SHOWN ON PLANS. NO CHANGE IN USE, OCCUPANCY OR EGRESS
4 Sep 2024Suspended ScaffoldSigned-offINSTALLATION OF TWO POINT SUSPENDED SCAFFOLD & C-HOOK TO BE IN ACCORDANCE WITH NYCC CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
29 Aug 2024SprinklersSigned-offComplete new combination of Standpipe/Sprinkler System, Related piping, and accessories as per plans filed herewith. No change in use, egress or occupancy
29 Aug 2024Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY OVERHEAD PROTECTION AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
12 Aug 2024Sidewalk ShedSigned-offINSTALLATION OF TEMPORARY SIDEWALK SHED AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
12 Aug 2024Construction FenceSigned-offINSTALLATION OF TEMPORARY PLYWOOD FENCE AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
2 Jul 2024Protection and Mechanical MethodsSigned-offSPYDER CRANE PLACEMENT. THIS APPLICATION INVOLVES NO CHANGE IN USE, OCCUPANCY OR EGRESS
1 May 2024StandpipeSigned-offProposed: installation of temporary standpipe system in conjunction with the NB #321593986. No change of use, occupancy or egress
15 Apr 2024Supported ScaffoldSigned-offINSTALLATION OF TEMPORARY STAIR TOWER AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
14 Feb 2024Suspended ScaffoldSigned-offINSTALLATION OF TWO POINT SUSPENDED SCAFFOLD TO BE IN ACCORDANCE WITH NYCC CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
16 Nov 2023General ConstructionSigned-offINSTALLATION OF EZ SCALE SCAFFOLDING IN ACCORDANCE WITH NYCC CHAPTER 33 BUILDING CODE. NO CHANGE IN EGRESS, USE, OR OCCUPANCY
16 Nov 2023Mechanical SystemsSigned-offINSTALLATION OF Emergency POWER GENERATOR, AS SHOWN ON PLANS. NO CHANGE IN USE, OCCUPANCY OR EGRESS. IN CONJUNCTION WITH NB #321593986
30 Oct 2023Protection and Mechanical MethodsSigned-offUSE OF MATERIAL PLATFORM AT 54 CROWN STREET DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 321593986
24 Oct 2023Boiler EquipmentSigned-offINSTALLATION OF THREE (3) NEW BOILERS IN CELLAR, AS SHOWN ON PLANS. NO CHANGE IN USE, OCCUPANCY OR EGRESS. IN CONJUNCTION WITH NB #321593986
10 Oct 2023Protection and Mechanical MethodsSigned-offUSE OF PLACING BOOM AT 54 CROWN STREET DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 321593986
3 Oct 2023Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY PERSONNEL MATERIAL HOIST AS PER PLANS. NO CHANGE IN USE, EGRESS OROCCUPANCY
5 Sep 2023Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY ROOF PROTECTION AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
10 Aug 2023Protection and Mechanical MethodsSigned-offINSTALLATION OF TEMPORARY BARRICADE AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY
27 Jun 2023Construction FenceSigned-offInstallation of plywood fence as per drawings. Plywood fence shall comply with chapter #33 of the NYCBC. No change in use, occupancy or egress under this application
25 Oct 2022NBISSUED—
27 Apr 2022FoundationSigned-offLIMITED FOUNDATION WORK (421A FOOTING INSTALLATION), AS SHOWN ON PLANS
25 Oct 2021Construction FenceSigned-offINSTALLATION OF TEMPORARY CONSTRUCTION PLYWOOD FENCE AS PER PLANS DURING CONSTRUCTION. NO CHANGE IN USE, EGRESS OR OCCUPANCY. FENCE TO COMPLY WITH CHAPTER 33 OF NYC BUILDING CODE OF 2014
30 Mar 2020Construction FenceSigned-offINSTALLATION OF CONSTRUCTION FENCE AS PER PLANS FOR NEW BUILDING CONSTRUCTION. NO CHANGE IN USE OCCUPANCY OR EGRESS UNDER THIS APPLICATION. CONSTRUCTION FENCE SHALL COMPY WITH CHAPTER 33 OF THE 2014 NYC BUILDING CODE
2 Mar 2017DMISSUED—
14 Jun 2016NBISSUED—
17 May 2016A2ISSUED—
3 Mar 2016DMISSUED—
25 Feb 2016DMISSUED—
5 Jun 2015DMISSUED—
24 Apr 2015A3ISSUED—
23 Apr 2015A3ISSUED—
23 Apr 2015A3ISSUED—
3 Feb 1997A2ISSUED—
3 Feb 1997A2ISSUED—

Recorded documents

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

RecordedTypeAmountFromTo
6 Apr 2026Mortgage$31,414,000——
6 Apr 2026SAGE———
6 Apr 2026Assignment———
6 Apr 2026TL&R———
6 Apr 2026Assignment———
6 Apr 2026Agreement$264,414,000——
6 Apr 2026Assignment———
6 Apr 2026Assignment———
12 Nov 2025DECL———
31 Aug 2023SMIS———
31 Aug 2023SAGE———
10 Aug 2023Assignment———
10 Aug 2023Agreement$22,000,000——
10 Aug 2023Mortgage$172,714,209——
10 Aug 2023Mortgage$38,285,791——
10 Aug 2023AL&R$233,000,000——
12 Jun 2023RPTT&RET———
12 Jun 2023RPTT&RET———
5 Oct 2022Assignment———
5 Oct 2022Agreement$22,000,000——
16 Sep 2019CERT———
16 Sep 2019ZONE———
9 Aug 2018Assignment———
9 Aug 2018Agreement———
9 Aug 2018TL&R———
9 Aug 2018Deed$41,025,000——
13 Dec 2017Assignment———
13 Dec 2017AALR———
13 Dec 2017Assignment———
13 Dec 2017Assignment———
27 Dec 2016Assignment———
27 Dec 2016Assignment———
27 Dec 2016AALR———
5 Dec 2016Assignment———
5 Dec 2016Assignment———
5 Dec 2016AL&R$22,000,000——
5 Dec 2016Mortgage$3,150,000——
5 Dec 2016TL&R———
5 Dec 2016Agreement$22,000,000——
8 Jun 2015Assignment———
29 May 2015CERT———
29 May 2015ZONE———
5 May 2015TL&R———
5 May 2015Assignment———
5 May 2015Agreement$18,850,000——
5 May 2015AL&R$18,850,000——
5 May 2015Mortgage$2,100,000——
29 May 2014Assignment———
29 May 2014AALR———
16 Apr 2014TL&R———

Showing the 50 most recent of 69. 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.