4430 Purves Street
Analysis
The building offers sizable income potential and strong equity, but the over‑built residential floor area and material safety‑violation debts limit upside and raise compliance concerns.
The good
- 33‑story building with 272 residential units provides substantial rental inventory
- Market value on record of $75,753,000 far exceeds assessed value, indicating strong equity potential
- Zero enforcement penalties and no open violations per unit suggest compliance on most fronts
- Recent permitting activity (36 permits) shows ongoing maintenance and upgrades
The bad
- Built beyond the residential floor‑area limit (residential FAR 7.52 vs built FAR 10.12) makes further residential expansion impossible
- Safety‑violation penalties of $67,000 and 37 unpaid safety reports represent a hidden debt that new owners must settle
- Two open violations remain, adding ongoing compliance risk
- Last recorded sale price was $0, indicating no recent arm‑length transaction to establish market pricing
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 10.12, against a residential limit of 7.52 — it is over that limit by 2.60. 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 2 violations are currently open across 272 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
No arm's-length sale on record
The last recorded transfer is dated 10 Nov 2014 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 risen 17.8% across the 5 assessment years on record (2023 to 2027), standing at $34,088,850. 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 | 10.12 |
|---|---|
| Residential limit | 7.52 |
| Commercial limit | 5.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | -0.12 |
| Unused buildable area | — |
| Lot area | 27,249 sq ft |
Value & taxes
Assessment
| Assessed total | $34,088,850 |
|---|---|
| Assessed land | $1,962,000 |
| Assessed building | $32,126,850 |
| Market value on record | $75,753,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $30,506,320 |
| Tax rate | 12.502% |
| Estimated annual levy | $3,813,900.13 |
| Tax exemption (assessed value) | 421-a — $6,731,521 (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 | $34,088,850 | — |
| 2026 | $32,105,700 | +6.2% |
| 2025 | $29,888,100 | +7.4% |
| 2024 | $29,169,000 | +2.5% |
| 2023 | $28,948,950 | +0.8% |
Building & occupancy
Structure
| Year built | 2015 |
|---|---|
| Floors | 33 |
| Building area | 275,731 sq ft |
| Residential area | 266,032 sq ft |
| Commercial area | 9,699 sq ft |
Occupancy
| Total units | 273 |
|---|---|
| Residential units | 272 |
| Rent-stabilized | 271 |
| Free Market / Other | 1 |
| Storefronts | 2 |
| Residential Avg unit size | 978 sq ft (calculated) |
| Commercial Avg unit size | 9,699 sq ft (calculated) |
| Building class | D6 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Court Sq (G) — 0.14 mi |
|---|---|
| School district | 30 |
| Police precinct | 108 |
| Nearest firehouse | Engine 258/Ladder 115 — 10-40 47th Ave. |
Location risk
| Flood zone | Moderate — 0.2% annual chance (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 2 |
| Projected floodplain | In the projected 2050s floodplain |
| Evictions on record | 2 (most recent 2024) |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 27-21 44th Drive, 1601 | 2026-01-14 | $1,482,500 | — | — |
| 27-21 44 Drive, S4 | 2026-01-14 | $1,482,500 | — | — |
| 27-21 44th Drive, 902 | 2025-07-08 | $1,285,000 | — | — |
| 27-21 44th Dr, 1904 | 2025-03-05 | $935,000 | — | — |
| 27-21 44 Drive, 2301 | 2025-03-04 | $1,530,000 | — | — |
| 27-21 44th Drive, 2003 | 2024-11-14 | $935,000 | — | — |
| 27-21 44th Drive, 801 | 2024-09-13 | $960,000 | — | — |
| 27-21 44th Drive, 604 | 2024-08-21 | $1,080,000 | — | — |
Record activity
Compliance calculated
| Open violations | 2 |
|---|---|
| Open per residential unit | 0.0 (calculated) |
| Enforcement penalties | $0.00 |
| Safety-violation penalties | Not available |
| Total penalties owed | $67,000.00 (calculated) |
| On tax-lien sale list | No |
Activity
| Complaints recorded | 195 |
|---|---|
| Permits / alterations | 36 |
| Recorded documents | 52 |
| 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 | Purves Street Owners LLC |
|---|---|
| Parcel | 4002680001 |
| Block | 268 |
| Lot | 1 |
| Mortgage on record | $5,000,000 (2018) — Massachusetts Mutual Life Insurance Company |
| Fixture liens | 2 active fixture liens |
Last recorded transfer
| Date | 10 Nov 2014 |
|---|---|
| Recorded price | $0 |
| Price per unit | Not meaningful |
| Price vs assessed | Not 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.
| Issued | Category | Class | Status | Amount due | Description |
|---|---|---|---|---|---|
| 18 Sep 2025 | Building | Gas Piping - a local law | Active | — | Cycle 1, Sub-cycle B (premises is in Community District 2 |
| 21 Nov 2024 | Housing | B | NOV SENT OUT | — | 27-2005 HMC: REFIT DOOR AND FRAME AT WEST 1 DOOR TO FIRE STAIRS LABELED ''B'' AT PUBLIC HALL, 35th STORY |
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 | Tree Alive - in Poor Condition | Damaged Tree | In Progress | — |
| 22 Jul 2026 | Loud Television | Noise - Residential | Closed | 23 Jul 2026 |
| 26 Jun 2026 | Planted Less Than 2 Years Ago | Dead/Dying Tree | In Progress | — |
| 9 Jun 2026 | Blocked Sidewalk | Illegal Parking | Closed | 9 Jun 2026 |
| 8 Jun 2026 | Loud Television | Noise - Residential | Closed | 9 Jun 2026 |
| 31 May 2026 | No Access | Blocked Driveway | Closed | 31 May 2026 |
| 23 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 24 May 2026 |
| 23 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 24 May 2026 |
| 18 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 19 May 2026 |
| 17 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 17 May 2026 |
| 17 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 17 May 2026 |
| 15 May 2026 | Blocked Sidewalk | Illegal Parking | Closed | 15 May 2026 |
| 5 May 2026 | Blocked Sidewalk | Illegal Parking | Closed | 5 May 2026 |
| 19 Apr 2026 | Double Parked Blocking Traffic | Illegal Parking | Closed | 19 Apr 2026 |
| 7 Apr 2026 | Defective Hardware | Street Condition | Closed | 8 Apr 2026 |
| 30 Mar 2026 | Cave-in | Street Condition | Closed | 3 Apr 2026 |
| 25 Mar 2026 | Cave-in | Street Condition | Closed | 27 Mar 2026 |
| 7 Mar 2026 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 7 Mar 2026 |
| 7 Mar 2026 | Trash | Dirty Condition | Closed | 8 Mar 2026 |
| 28 Jan 2026 | Roadway | Snow or Ice | Closed | 30 Jan 2026 |
| 3 Nov 2025 | Street Flooding (SJ | Sewer | Closed | 5 Nov 2025 |
| 20 Oct 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 20 Oct 2025 |
| 16 Oct 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 16 Oct 2025 |
| 29 Jun 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 29 Jun 2025 |
| 29 Jun 2025 | Unauthorized Bus Layover | Illegal Parking | Closed | 29 Jun 2025 |
| 4 Jun 2025 | Loud Television | Noise - Residential | Closed | 4 Jun 2025 |
| 15 May 2025 | Electrical Wiring Defective/Exposed | Electrical | Closed | 21 May 2025 |
| 6 May 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 6 May 2025 |
| 13 Apr 2025 | ELECTRIC/GAS RANGE | APPLIANCE | Closed | 6 May 2025 |
| 7 Apr 2025 | COOKING GAS | GENERAL | Closed | 6 May 2025 |
| 11 Mar 2025 | Blocked Sidewalk | Illegal Parking | Closed | 11 Mar 2025 |
| 24 Feb 2025 | Noise | Sanitation Worker or Vehicle Complaint | Closed | 26 Feb 2025 |
| 19 Jan 2025 | COOKING GAS | GENERAL | Closed | 6 May 2025 |
| 16 Jan 2025 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 19 Jan 2025 |
| 12 Jan 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 14 Jan 2025 |
| 12 Jan 2025 | APARTMENT ONLY | HEAT/HOT WATER | Closed | 14 Jan 2025 |
| 11 Jan 2025 | Blocked Sidewalk | Illegal Parking | Closed | 11 Jan 2025 |
| 3 Jan 2025 | New Basket | Litter Basket Request | Closed | 3 Jan 2025 |
| 31 Dec 2024 | License Plate Obscured | Illegal Parking | Closed | 31 Dec 2024 |
| 16 Dec 2024 | Blocked Sidewalk | Illegal Parking | Closed | 16 Dec 2024 |
| 15 Dec 2024 | Blocked Sidewalk | Illegal Parking | Closed | 16 Dec 2024 |
| 10 Dec 2024 | Engine Idling | Noise - Vehicle | Closed | 11 Dec 2024 |
| 10 Dec 2024 | Noise | Sanitation Worker or Vehicle Complaint | Closed | 11 Dec 2024 |
| 5 Dec 2024 | Noise: Private Carting Noise (NQ1 | Noise | Closed | 10 Dec 2024 |
| 24 Nov 2024 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 26 Nov 2024 |
| 22 Nov 2024 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 26 Nov 2024 |
| 22 Nov 2024 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 26 Nov 2024 |
| 19 Nov 2024 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 20 Nov 2024 |
| 4 Nov 2024 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 5 Nov 2024 |
| 31 Oct 2024 | Posted Parking Sign Violation | Illegal Parking | Closed | 1 Nov 2024 |
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 |
|---|---|---|---|
| 10 Apr 2024 | Suspended Scaffold | Signed-off | INSTALLATION OF SUSPENDED SCAFFOLD TO ACCESS FACADE WORK |
| 3 May 2023 | Sprinklers | Signed-off | PLUMBING WORK & SPRINKLER WORK OF RETAIL SPACE AT 1ST FLOOR AS PER PLAN FILED HERE WITH. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 12 Nov 2022 | Mechanical Systems | Signed-off | PROPOSE INTERIOR RENOVATION OF RETAIL SPACE AT 1ST FL. AS PER PLAN FILED HERE WITH. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 12 Oct 2022 | Supported Scaffold | Signed-off | Installation of temporary system scaffold per plan submitted. Work shall comply with 2014 building codes chapter 33. No change in use, egress and/or occupancy with this application |
| 26 Jan 2022 | Plumbing | Signed-off | file PL for 001 dental office renovation , OT and MECH filed under job#Q00528154 |
| 18 Jun 2021 | Mechanical Systems | Signed-off | interior renocation for dentail office at 001 floor,no change in use,egress or occupancy |
| 7 Aug 2018 | A3 | ISSUED | — |
| 21 Mar 2018 | Supported Scaffold | Signed-off | INSTALLATION OF SCAFFOLD AS PER DRAWINGS. SCAFFOLD SHALL COMPLY WITH CHAPTER #33 OF THE NYC BUILDING CODE. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION |
| 28 Jul 2017 | A3 | ISSUED | — |
| 4 Apr 2017 | A2 | ISSUED | — |
| 11 Oct 2016 | A3 | ISSUED | — |
| 30 Aug 2016 | A2 | ISSUED | — |
| 1 Jun 2016 | A2 | ISSUED | — |
| 24 Mar 2016 | A3 | ISSUED | — |
| 23 Dec 2015 | A3 | ISSUED | — |
| 28 Oct 2015 | NB | ISSUED | — |
| 8 Oct 2015 | A3 | ISSUED | — |
| 2 Oct 2015 | A3 | ISSUED | — |
| 30 Sep 2015 | A3 | ISSUED | — |
| 3 Mar 2015 | A2 | ISSUED | — |
| 6 Feb 2015 | A2 | ISSUED | — |
| 5 Aug 2013 | A3 | ISSUED | — |
| 21 Dec 2010 | A3 | ISSUED | — |
| 21 Dec 2010 | A3 | ISSUED | — |
| 24 Jun 2008 | NB | ISSUED | — |
| 24 Jun 2008 | NB | ISSUED | — |
| 23 Jun 2008 | NB | ISSUED | — |
| 23 Jun 2008 | NB | ISSUED | — |
| 20 Jun 2008 | A3 | ISSUED | — |
| 20 Jun 2008 | A3 | ISSUED | — |
| 7 Dec 2007 | DM | ISSUED | — |
| 7 Dec 2007 | DM | ISSUED | — |
| 26 Sep 2007 | DM | ISSUED | — |
| 26 Sep 2007 | DM | ISSUED | — |
| 26 Sep 2007 | DM | ISSUED | — |
| 26 Sep 2007 | DM | 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 |
|---|---|---|---|---|
| 14 Sep 2018 | Agreement | $110,000,000 | — | — |
| 14 Sep 2018 | AL&R | $110,000,000 | — | — |
| 14 Sep 2018 | Assignment | — | — | — |
| 14 Sep 2018 | Assignment | — | — | — |
| 14 Sep 2018 | Mortgage | $5,000,000 | — | — |
| 7 Feb 2018 | Agreement | — | — | — |
| 12 Jan 2016 | CERT | — | — | — |
| 30 Nov 2015 | Mortgage | $18,696,003 | — | — |
| 30 Nov 2015 | Mortgage | $86,303,997 | — | — |
| 26 Aug 2015 | EASE | — | — | — |
| 9 Jan 2015 | ZONE | — | — | — |
| 9 Jan 2015 | CERT | — | — | — |
| 9 Jan 2015 | SAGE | — | — | — |
| 17 Nov 2014 | CERT | — | — | — |
| 17 Nov 2014 | ZONE | — | — | — |
| 10 Nov 2014 | Deed | — | — | — |
| 3 Jul 2014 | Deed | — | — | — |
| 15 Jan 2014 | Deed | — | — | — |
| 21 Aug 2013 | RPTT&RET | $15,085,875 | — | — |
| 21 Aug 2013 | Deed | $2,500,000 | — | — |
| 13 Aug 2013 | TLS | — | — | — |
| 6 Jun 2013 | Agreement | — | — | — |
| 6 Jun 2013 | ZONE | — | — | — |
| 11 Sep 2012 | Deed | — | — | — |
| 23 Nov 2011 | TLS | — | — | — |
| 3 Mar 2008 | CERT | — | — | — |
| 3 Mar 2008 | ZONE | — | — | — |
| 19 Sep 2006 | AL&R | $13,000,000 | — | — |
| 19 Sep 2006 | Agreement | $13,000,000 | — | — |
| 19 Sep 2006 | Assignment | — | — | — |
| 19 Sep 2006 | Assignment | — | — | — |
| 19 Sep 2006 | Mortgage | $1,000,000 | — | — |
| 31 Jul 2006 | Satisfaction of mortgage | — | — | — |
| 31 Jul 2006 | Agreement | $12,000,000 | — | — |
| 11 May 2006 | Deed | $9,000,000 | — | — |
| 10 May 2006 | Assignment | — | — | — |
| 28 Apr 2006 | Mortgage | $10,387,477 | — | — |
| 10 Apr 2003 | Mortgage | $1,760,000 | — | — |
| 10 Apr 2003 | DEEDO | $2,200,000 | — | — |
| 8 May 2000 | Release | — | — | — |
| 8 May 2000 | Assignment | — | — | — |
| 29 Apr 1997 | Deed | — | — | — |
| 12 Jun 1996 | TLS | — | — | — |
| 12 Jul 1995 | Agreement | — | — | — |
| 26 Dec 1989 | Assignment | — | — | — |
| 26 Dec 1989 | Mortgage | $499,000 | — | — |
| 11 Oct 1989 | Deed | — | — | — |
| 12 Dec 1985 | Deed | — | — | — |
| 29 Nov 1976 | Deed | — | — | — |
| 29 Nov 1976 | Deed | — | — | — |
Showing the 50 most recent of 52. The full set is available in the interactive report.
About this page
Compiled from New York City public records — data retrieved 5 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.