123 Melrose Street
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 4.45, against a residential limit of 3.00 — it is over that limit by 1.45. 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 468 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
Last recorded sale
Recorded at $256,795,000 on 20 Dec 2021 — $548,707 per residential unit, $668 per built square foot, 6.18× the assessed value.
Assessed value trend
Assessed value has risen 37.0% across the 5 assessment years on record (2023 to 2027), standing at $41,583,600. 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 | 4.45 |
|---|---|
| Residential limit | 3.00 |
| Commercial limit | 0.00 |
| Community-facility limit | 3.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 3.00 |
|---|---|
| Unused ratio | -1.45 |
| Unused buildable area | — |
| Lot area | 86,512 sq ft |
Value & taxes
Assessment
| Assessed total | $41,583,600 |
|---|---|
| Assessed land | $2,879,100 |
| Assessed building | $38,704,500 |
| Market value on record | $92,408,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $41,583,600 |
| Tax rate | 12.502% |
| Estimated annual levy | $5,198,781.67 |
| Tax exemption (assessed value) | 421-a — $40,162,578 (through 2045) |
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 | $41,583,600 | — |
| 2026 | $38,839,500 | +7.1% |
| 2025 | $37,664,550 | +3.1% |
| 2024 | $30,352,500 | +24.1% |
| 2023 | $30,360,600 | 0.0% |
Building & occupancy
Structure
| Year built | 2019 |
|---|---|
| Floors | 9 |
| Building area | 384,683 sq ft |
| Residential area | 330,009 sq ft |
| Commercial area | 54,674 sq ft |
Occupancy
| Total units | 469 |
|---|---|
| Residential units | 468 |
| Rent-stabilized | 468 |
| Storefronts | 1 |
| Residential Avg unit size | 705 sq ft (calculated) |
| Commercial Avg unit size | 54,674 sq ft (calculated) |
| Building class | D6 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Myrtle Av (M, J, Z) — 0.21 mi |
|---|---|
| School district | 32 |
| Police precinct | 83 |
| Nearest firehouse | Engine 218 — 650 Hart Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Not in an evacuation zone |
| Environmental restriction | Hazardous materials, air quality, noise |
| Cleanup site | Voluntary cleanup site (completed) |
| Evictions on record | 14 (most recent 2026) |
Energy & emissions
| Energy use intensity | 48.5 kBtu/ft² |
|---|---|
| Greenhouse-gas emissions | 1,999 metric tons/yr |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 54 Noll Street | 2021-12-02 | $249,205,000 | 388,023 | $642 |
| 28 Stanwix Street | 2016-04-05 | $72,200,000 | — | — |
Record activity
Compliance calculated
| Open violations | 10 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $6,000.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 348 |
|---|---|
| Permits / alterations | 16 |
| Recorded documents | 158 |
| 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 | Aci Vi Denizen LLC |
|---|---|
| Parcel | 3031520048 |
| Block | 3152 |
| Lot | 48 |
| Mortgage on record | $7,000,000 (2021) — Mref Reit Lender 15 LLC — likely satisfied |
| Fixture liens | 9 active fixture liens |
Last recorded transfer
| Date | 20 Dec 2021 |
|---|---|
| Recorded price | $256,795,000 |
| Price per unit | $548,707 |
| Price vs assessed | 6.18× |
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 |
|---|---|---|---|---|---|
| 10 Oct 2025 | Building | Elevators | Active | — | Violation Issued-Failure To File 2024 Periodic Inspection Affirmation of Correction |
| 10 Oct 2025 | Building | Elevators | Active | — | Violation Issued-Failure To File 2024 Periodic Inspection Affirmation of Correction |
| 30 Oct 2023 | Housing | B | NOT COMPLIED WITH | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE FOYER LOCATED AT APT 140, 1st STORY, 1st APARTMENT FROM EAST AT SOUTH |
| 15 Apr 2021 | Housing | C | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE KITCHEN LOCATED AT APT 217, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST , SECTION AT WEST |
| 15 Apr 2021 | Housing | B | 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 217, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST , SECTION AT WEST |
| 15 Apr 2021 | Housing | B | 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 IN THE BATHROOM LOCATED AT APT 217, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST , SECTION AT WEST |
| 15 Apr 2021 | Housing | B | 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 FOYER LOCATED AT APT 217, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST , SECTION AT WEST |
| 15 Apr 2021 | Housing | B | 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 IN THE FOYER LOCATED AT APT 217, 2nd STORY, 1st APARTMENT FROM SOUTH AT WEST , SECTION AT WEST |
| 5 Apr 2021 | Housing | B | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR ..THE CEILING IN THE 1st ROOM FROM NORTH LOCATED AT APT 217, 2nd STORY, APARTMENT AT EAST , SECTION AT WEST |
| 5 Apr 2021 | Housing | C | FIRST NO ACCESS TO RE- INSPECT VIOLATION | — | 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 1st ROOM FROM NORTH LOCATED AT APT 217, 2nd STORY, APARTMENT AT EAST , SECTION AT WEST |
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 |
|---|---|---|---|---|
| 26 Jul 2026 | Allowed in Smoke Free Area | Smoking or Vaping | In Progress | — |
| 16 Jul 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 15 Jul 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 14 Jul 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 13 Jul 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 5 Jul 2026 | Loud Talking | Noise - Street/Sidewalk | Closed | 5 Jul 2026 |
| 22 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 21 Jun 2026 | Loud Talking | Noise - Street/Sidewalk | Closed | 21 Jun 2026 |
| 19 Jun 2026 | Loud Music/Party | Noise - Commercial | Closed | 20 Jun 2026 |
| 19 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 19 Jun 2026 | Broken Glass | Dirty Condition | Closed | 20 Jun 2026 |
| 18 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 17 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 17 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 10 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 5 Jun 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 4 Jun 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 5 Jun 2026 |
| 27 May 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 25 May 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 26 May 2026 |
| 20 May 2026 | Allowed in Smoke Free Area | Smoking or Vaping | Closed | 19 Jul 2026 |
| 5 Apr 2026 | Loud Music/Party | Noise - Residential | Closed | 6 Apr 2026 |
| 1 Apr 2026 | Loud Music/Party | Noise - Residential | Closed | 1 Apr 2026 |
| 29 Mar 2026 | Loud Talking | Noise - Residential | Closed | 29 Mar 2026 |
| 24 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 27 Feb 2026 |
| 24 Feb 2026 | MOLD | UNSANITARY CONDITION | Closed | 5 Apr 2026 |
| 24 Feb 2026 | DAMP SPOT | WATER LEAK | Closed | 5 Apr 2026 |
| 23 Feb 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 27 Feb 2026 |
| 23 Feb 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 23 Feb 2026 |
| 23 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 22 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 22 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 22 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 23 Feb 2026 |
| 22 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 21 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 21 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 23 Feb 2026 |
| 20 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 20 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 20 Feb 2026 |
| 20 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 19 Feb 2026 | COOKING GAS | GENERAL | Closed | 28 Feb 2026 |
| 19 Feb 2026 | COOKING GAS | GENERAL | Open | — |
| 19 Feb 2026 | ENTIRE BUILDING | HEAT/HOT WATER | Open | — |
| 14 Feb 2026 | OUTLET/SWITCH | ELECTRIC | Closed | 13 Apr 2026 |
| 14 Feb 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 17 Feb 2026 |
| 15 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 15 Jan 2026 |
| 15 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 15 Jan 2026 |
| 15 Jan 2026 | Boiler - Defective/Inoperative/No Permit | Boilers | Closed | 4 Mar 2026 |
| 15 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 15 Jan 2026 |
| 14 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 15 Jan 2026 |
| 13 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 15 Jan 2026 |
| 10 Jan 2026 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 11 Jan 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.
| Issued | Type | Status | Work |
|---|---|---|---|
| 9 Oct 2025 | General Construction | Signed-off | INCLUDES THE REPAIR OF SPALLED AND CRACKED CONCRETE IN PARKING GARAGE OF RESIDENTIAL BUILDING |
| 2 Sep 2022 | Sprinklers | Signed-off | Sprinkler work related to accessory parking expansion |
| 30 Aug 2022 | Mechanical Systems | Signed-off | Mechanical work related to accessory parking expansion |
| 11 Jul 2022 | General Construction | Permit Issued | General construction related to accessory parking expansion. Related ALTCO application #B00715734 under 54 Noll Street, which is part of the same zoning lot |
| 11 Aug 2020 | Plumbing | Signed-off | FILING HEREWITH INSTALLATION OF NEW PLUMBING FIXTURES ON FIRST FLOOR RETAIL 1 AND 2 IN CONJUNCTION WITH NEW BUILDING APPLICATION#3200717140. NO CHANGE IN USE,EGRESS OR OCCUPANCY |
| 7 Nov 2019 | A3 | ISSUED | — |
| 20 Jun 2019 | A3 | ISSUED | — |
| 20 Jun 2019 | A3 | ISSUED | — |
| 2 Nov 2018 | NB | ISSUED | — |
| 21 Sep 2018 | Supported Scaffold | Signed-off | PROPOSED INSTALLATION OF TEMPORARY PIPE SCAFFOLD FOR NEW BUILDING AS PER PLANS. WORK SHALL COMPLY WITH CHAPTER #33 OF THE NYC BUILDING CODE. NO CHANGE IN USE, OCCUPANCY, OR EGRESS UNDER THIS APPLICATION |
| 27 Feb 2018 | Supported Scaffold | Signed-off | INSTALLATION OF PIPE SCAFFOLD AS PER PLANS. ALL WORK SHALL BE ACCORDING TO CHAPTER #33 OF THE 2014 NYC BUILDING CODE. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION |
| 17 Jan 2018 | A2 | ISSUED | — |
| 27 Oct 2017 | A2 | ISSUED | — |
| 25 Aug 2017 | A3 | ISSUED | — |
| 10 Mar 2016 | A3 | ISSUED | — |
| 17 Nov 2015 | A3 | 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 Dec 2022 | RPTT&RET | — | — | — |
| 29 Jul 2022 | Assignment | — | — | — |
| 28 Jun 2022 | CERT | — | — | — |
| 28 Jun 2022 | ZONE | — | — | — |
| 12 Jan 2022 | Assignment | — | — | — |
| 12 Jan 2022 | AALR | — | — | — |
| 23 Dec 2021 | Agreement | — | — | — |
| 20 Dec 2021 | Deed | $256,795,000 | — | — |
| 20 Dec 2021 | Assignment | — | — | — |
| 20 Dec 2021 | Agreement | $305,900,000 | — | — |
| 20 Dec 2021 | AL&R | $305,900,000 | — | — |
| 20 Dec 2021 | ASPM | — | — | — |
| 20 Dec 2021 | Satisfaction of mortgage | — | — | — |
| 8 Nov 2021 | SMIS | — | — | — |
| 28 Oct 2021 | SMIS | — | — | — |
| 1 Oct 2021 | Mortgage | $7,000,000 | — | — |
| 20 Sep 2021 | CERT | — | — | — |
| 20 Sep 2021 | SMIS | — | — | — |
| 20 Sep 2021 | SMIS | — | — | — |
| 20 Sep 2021 | SMIS | — | — | — |
| 5 May 2021 | MCON | — | — | — |
| 2 Oct 2020 | Deed | — | — | — |
| 20 Aug 2020 | Deed | — | — | — |
| 20 Aug 2020 | TERA | — | — | — |
| 19 Aug 2020 | SMIS | — | — | — |
| 19 Aug 2020 | Deed | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | TL&R | — | — | — |
| 13 Jun 2019 | TL&R | — | — | — |
| 13 Jun 2019 | TL&R | — | — | — |
| 13 Jun 2019 | TL&R | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | Assignment | — | — | — |
| 13 Jun 2019 | CERT | — | — | — |
| 13 Jun 2019 | SMIS | — | — | — |
| 13 Jun 2019 | Agreement | — | — | — |
| 13 Jun 2019 | SMIS | — | — | — |
| 13 Jun 2019 | SMIS | — | — | — |
| 13 Jun 2019 | M&CON | $170,000,000 | — | — |
| 13 Jun 2019 | Agreement | — | — | — |
| 2 Apr 2019 | TL&R | — | — | — |
| 22 Feb 2019 | Assignment | — | — | — |
| 22 Feb 2019 | Assignment | — | — | — |
| 22 Feb 2019 | Assignment | — | — | — |
| 22 Feb 2019 | 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.