41-42 24 Street
Analysis
The building offers a sizable, high‑value portfolio but its over‑built status and safety‑violation debts create moderate risk for investors.
The good
- Large asset with 421 residential units and a market value of $112,480,000
- No enforcement penalties and only two safety violations resulting in $6,000 owed
- Zero open violations per unit indicates low per‑unit compliance issues
- Active permitting history with 61 permits showing ongoing improvements
The bad
- Built beyond the residential floor‑area limit (residential FAR 7.52 vs built FAR 9.49) making it over‑built for residential use
- Unused buildable square footage of 21,230 sq ft signals a constraint on future expansion
- Safety‑violation penalties of $6,000 are material and reflect unfiled required reports
- Last recorded sale price was $0 and no arm‑length sale, indicating lack of recent market transaction data
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 9.49, against a residential limit of 7.52 — it is over that limit by 1.97. 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 higher limit of 10.00 does apply to community-facility use, which produces an apparent 21,230 sq ft of headroom — but that is not residential floor area and is not interchangeable with it. Reading that number as room for more apartments is the most expensive mistake available in this data.
A light open-violation load
Only 6 violations are currently open across 421 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 9 Oct 2013 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 14.9% across the 5 assessment years on record (2023 to 2027), standing at $50,616,000. 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 | 9.49 |
|---|---|
| Residential limit | 7.52 |
| Commercial limit | 5.00 |
| Community-facility limit | 10.00 |
Development headroom (calculated) calculated
| Highest permitted ratio | 10.00 |
|---|---|
| Unused ratio | 0.51 |
| Unused buildable area | 21,230 sq ft |
| Lot area | 41,628 sq ft |
Value & taxes
Assessment
| Assessed total | $50,616,000 |
|---|---|
| Assessed land | $2,809,800 |
| Assessed building | $47,806,200 |
| Market value on record | $112,480,000 |
| Assessed as % of market | 45.0% |
Tax
| Tax class | 2 |
|---|---|
| Taxable assessed | $44,727,530 |
| Tax rate | 12.502% |
| Estimated annual levy | $5,591,835.80 |
| Tax exemption (assessed value) | 421-a — $46,697,676 (through 2033) |
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 | $50,616,000 | — |
| 2026 | $46,662,750 | +8.5% |
| 2025 | $44,462,250 | +4.9% |
| 2024 | $44,411,400 | +0.1% |
| 2023 | $44,046,900 | +0.8% |
Building & occupancy
Structure
| Year built | 2013 |
|---|---|
| Floors | 21 |
| Building area | 395,000 sq ft |
| Residential area | 364,740 sq ft |
| Commercial area | 30,260 sq ft |
Occupancy
| Total units | 425 |
|---|---|
| Residential units | 421 |
| Rent-stabilized | 421 |
| Storefronts | 5 |
| Residential Avg unit size | 866 sq ft (calculated) |
| Commercial Avg unit size | 7,565 sq ft (calculated) |
| Building class | D6 |
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Queensboro Plaza (N, W) — 0.1 mi |
|---|---|
| School district | 30 |
| Police precinct | 114 |
| Nearest firehouse | Ladder 116 — 37-20 29th Street |
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|---|
| Hurricane evacuation zone | Zone 4 |
| Evictions on record | 4 (most recent 2026) |
Building compliance
| Facade | Repairs required |
|---|
Energy & emissions
| Energy use intensity | 58.8 kBtu/ft² |
|---|---|
| Greenhouse-gas emissions | 1,940 metric tons/yr |
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|---|---|---|---|
| 41-21 23rd Street, Com-1 | 2024-04-25 | $999,000 | — | — |
| 41-21 23rd Street, 7b | 2024-04-25 | $1,110,000 | — | — |
| 4121 23rd Street, 5b | 2024-04-01 | $760,000 | — | — |
| 41-21 23rd Street, 5a | 2023-08-31 | $740,000 | — | — |
| 41-21 23rd Street, 8a | 2023-08-21 | $1,140,000 | — | — |
| 41-21 23rd Street, 2b | 2023-06-23 | $735,000 | — | — |
| 41-21 23rd Street, 3b | 2023-06-05 | $755,000 | — | — |
| 41-21 23rd Street, 7a | 2023-03-20 | $1,160,805 | — | — |
Record activity
Compliance calculated
| Open violations | 6 |
|---|---|
| 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 | 181 |
|---|---|
| Permits / alterations | 61 |
| Recorded documents | 58 |
| 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 | 24th Street Lic LLC |
|---|---|
| Parcel | 4004130002 |
| Block | 413 |
| Lot | 2 |
| Mortgage on record | $55,337,300 (2015) — Natixis Real Estate Capital LLC — note assigned |
| Fixture liens | 1 active fixture lien |
Last recorded transfer
| Date | 9 Oct 2013 |
|---|---|
| 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 |
|---|---|---|---|---|---|
| 10 Oct 2025 | Building | Elevators | Active | — | Violation Issued-Failure To File 2024 Cat1 Test Affirmation of Correction |
| 10 Oct 2025 | Building | Elevators | Active | — | Violation Issued-Failure To File 2024 Cat1 Test Affirmation of Correction |
| 7 Jul 2025 | Enforcement | CLASS - 2 | ACTIVE | — | FAILURE TO CERTIFY CORRECTION FOR VIOLATION FOR 35681368M, FILE A CERTIFICATE OF CORRECTION |
| 1 Oct 2024 | Enforcement | CLASS - 1 | ACTIVE | — | FAILURE TO SUBMIT THE REQUIRED PARKING STRUCTURE INITIAL OBSERVATION REPORT FOR AN EXISTING PARKING STRUCTURE DOCUMENTING THE CONDITIONS OF PSID#Q0003023 BY THE AUGUST 1,2024 DEADLINE.TO DATE,THE DEPARTMENT HAS |
| 11 Sep 2024 | Enforcement | CLASS - 1 | ACTIVE | — | BC 907.2.8 FAILURE TO PROVIDE THE REQUIRED CLASS J FIRE ALARM SYSTEM FOR TRANSIENT/USE AT APARTMENT.REM:DISCONTINUE ILLEGAL OCCUPANCY |
| 7 Oct 2009 | Building | — | V-Building VIOLATION - ACTIVE | — | C-CONSTRUCTION OTHER OPTIONAL |
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 | Chronic Dumping | Illegal Dumping | Closed | 27 Jul 2026 |
| 23 Jul 2026 | Planted More Than 2 Years Ago | Dead/Dying Tree | In Progress | — |
| 14 Jul 2026 | Lead Kit Request (Residential) (L10 | Lead | Closed | 15 Jul 2026 |
| 6 Jun 2026 | Loud Music/Party | Noise - Commercial | Closed | 7 Jun 2026 |
| 6 Jun 2026 | Loud Music/Party | Noise - Commercial | Closed | 7 Jun 2026 |
| 12 May 2026 | Air: Odor/Fumes, Vehicle Idling (AD3 | Air Quality | Closed | 13 May 2026 |
| 12 May 2026 | With License Plate | Abandoned Vehicle | Closed | 12 May 2026 |
| 4 May 2026 | Posted Parking Sign Violation | Illegal Parking | Closed | 4 May 2026 |
| 30 Apr 2026 | Blocked Bike Lane | Illegal Parking | Closed | 30 Apr 2026 |
| 28 Apr 2026 | Chronic Speeding | Traffic | Closed | 28 Apr 2026 |
| 13 Mar 2026 | Removal Request | Illegal Dumping | Closed | 17 Mar 2026 |
| 10 Feb 2026 | Blocked - Construction | Street Condition | Closed | 10 Feb 2026 |
| 2 Jan 2026 | Other/Unknown | Street Sign - Dangling | Closed | 12 Jan 2026 |
| 1 Jan 2026 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 6 Jan 2026 |
| 17 Dec 2025 | Food Vendor | Vendor Enforcement | Closed | 17 Dec 2025 |
| 16 Dec 2025 | Food Vendor | Vendor Enforcement | Closed | 16 Dec 2025 |
| 4 Dec 2025 | Blocked Sidewalk | Illegal Parking | Closed | 4 Dec 2025 |
| 12 Nov 2025 | Illegal Hotel Rooms In Residential Building | Special Projects Inspection Team (SPIT | Closed | 15 Dec 2025 |
| 5 Nov 2025 | Parking Permit Improper Use | Illegal Parking | Closed | 5 Nov 2025 |
| 2 Nov 2025 | Loud Music/Party | Noise - Residential | Closed | 2 Nov 2025 |
| 18 Oct 2025 | Illegal Hotel Rooms In Residential Building | Special Projects Inspection Team (SPIT | Closed | 6 Nov 2025 |
| 18 Oct 2025 | Parking Permit Improper Use | Illegal Parking | Closed | 18 Oct 2025 |
| 7 Oct 2025 | Loud Music/Party | Noise - Residential | Closed | 7 Oct 2025 |
| 29 Aug 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 29 Aug 2025 |
| 2 Aug 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 7 Aug 2025 |
| 31 Jul 2025 | Neglected | Animal-Abuse | Closed | 31 Jul 2025 |
| 21 Jul 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 23 Jul 2025 |
| 20 Jul 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 25 Jul 2025 |
| 12 Jul 2025 | Lead Kit Request (Residential) (L10 | Lead | Closed | 14 Jul 2025 |
| 3 Jul 2025 | Dumpster - Construction Waste | Street Condition | Closed | 3 Jul 2025 |
| 17 Jun 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 27 Jun 2025 |
| 13 Jun 2025 | Loud Music/Party | Noise - Street/Sidewalk | Closed | 13 Jun 2025 |
| 13 Jun 2025 | Syringes | Dirty Condition | Closed | 17 Jun 2025 |
| 28 May 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 28 May 2025 |
| 27 May 2025 | Posted Parking Sign Violation | Illegal Parking | Closed | 27 May 2025 |
| 20 May 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 21 May 2025 |
| 5 May 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 7 May 2025 |
| 3 May 2025 | ENTIRE BUILDING | HEAT/HOT WATER | Closed | 4 May 2025 |
| 1 May 2025 | Boiler - Defective/Inoperative/No Permit | Boilers | Closed | 2 May 2025 |
| 30 Apr 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 9 May 2025 |
| 3 Apr 2025 | Tortured | Animal-Abuse | Closed | 3 Apr 2025 |
| 28 Mar 2025 | Neglected | Animal-Abuse | Closed | 31 Mar 2025 |
| 22 Mar 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 4 Apr 2025 |
| 27 Feb 2025 | Banging/Pounding | Noise - Residential | Closed | 27 Feb 2025 |
| 23 Feb 2025 | Other | Noise - Helicopter | Closed | 13 Feb 2026 |
| 9 Feb 2025 | Double Parked Blocking Vehicle | Illegal Parking | Closed | 10 Feb 2025 |
| 23 Jan 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 29 Jan 2025 |
| 14 Jan 2025 | Removal Request | Illegal Dumping | Closed | 17 Jan 2025 |
| 4 Jan 2025 | Noise, Barking Dog (NR5 | Noise | Closed | 7 Jan 2025 |
| 30 Dec 2024 | Noise: Construction Before/After Hours (NM1 | Noise | Closed | 31 Dec 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 |
|---|---|---|---|
| 8 Aug 2025 | Sign | Signed-off | INSTALL EXTERIOR ILLUMINATED WALL SIGN (T MOBILE |
| 11 Dec 2024 | Suspended Scaffold | Signed-off | Installation of suspended scaffold for facade inspection/ repair |
| 13 Aug 2024 | General Construction | Permit Issued | ALTERATION APPLICATION FILED HERE FOR MINOR REPAIRS FOR BRICK VENEER, EFFLORESCENCE CLEANING, MASONRY ELEMENTS, CAULKING, SEALANTS, CONCRETE PATCHING REPAIRS. NO CHANGE TO OCCUPANCY, USE OR EGRESS |
| 26 Jul 2024 | Construction Fence | Signed-off | INSTALLATION OF TEMPORARY CONSTRUCTION FENCE AS PER PLAN. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 16 Jul 2024 | Sidewalk Shed | Signed-off | INSTALLATION OF TEMPORARY SIDEWALK SHED AS PER DRAWINGS. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 26 Aug 2022 | Sign | Signed-off | Erect illuminated accessory business wall sign; copy reading T-Mobile |
| 14 Sep 2021 | Sign | Signed-off | ERECT ILLUMINATED BUSINESS ACCESSORY WALL SIGN FOR IDEAL IMAGE. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 10 Sep 2021 | Sign | Signed-off | ERECT ILLUMINATED ACCESSORY BUSINESS WALL SIGN FOR IDEAL IMAGE. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 25 Jan 2021 | Sign | Signed-off | ILLUMINATED NON ADVERTISING ACCESSORY WALL SIGN - THE ORTHODONTIST & CO - NO CHANGE TO USE, EGRESS, OR OCCUPANCY |
| 10 Oct 2019 | A2 | ISSUED | — |
| 13 Sep 2019 | A2 | ISSUED | — |
| 13 Nov 2018 | Sign | Signed-off | ERECT AN ILLUMINATED BUSINESS ACCESSORY WALL SIGN. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 3 Oct 2018 | Sign | Signed-off | ERECT AN ILLUMINATED BUSINESS ACCESSORY WALL SIGN. NO CHANGE IN USE, EGRESS OR OCCUPANCY |
| 5 Jun 2018 | A2 | ISSUED | — |
| 15 May 2018 | A2 | ISSUED | — |
| 6 Mar 2018 | Sign | Permit Issued | BUSINESS ACCESSORY ILLUMINATED WALL SIGN. NO CHANGE TO USE, OCCUPANCY OR EGRESS |
| 6 Mar 2018 | Sign | Permit Issued | ILLUMINATED BUSINESS, ACCESSORY SIGN, NO CHANGE TO USE EGRESS OR OCCUPANCY |
| 27 Feb 2018 | A2 | ISSUED | — |
| 1 Feb 2018 | A2 | ISSUED | — |
| 26 Dec 2017 | A2 | ISSUED | — |
| 22 Feb 2017 | A2 | ISSUED | — |
| 30 Nov 2016 | SG | ISSUED | — |
| 9 Aug 2016 | A2 | ISSUED | — |
| 30 Dec 2015 | A3 | ISSUED | — |
| 3 Dec 2015 | NB | ISSUED | — |
| 18 Nov 2015 | A2 | ISSUED | — |
| 24 Aug 2015 | A2 | ISSUED | — |
| 17 Apr 2015 | A2 | ISSUED | — |
| 2 Apr 2015 | A2 | ISSUED | — |
| 7 Nov 2014 | A3 | ISSUED | — |
| 5 Mar 2014 | A3 | ISSUED | — |
| 5 Mar 2014 | A3 | ISSUED | — |
| 18 Dec 2013 | A3 | ISSUED | — |
| 26 Sep 2013 | A2 | ISSUED | — |
| 27 Aug 2013 | A2 | ISSUED | — |
| 30 Dec 2011 | A3 | ISSUED | — |
| 30 Dec 2011 | A3 | ISSUED | — |
| 1 Feb 2011 | A3 | ISSUED | — |
| 1 Feb 2010 | A3 | ISSUED | — |
| 22 Oct 2009 | A3 | ISSUED | — |
| 28 May 2008 | A3 | ISSUED | — |
| 5 Jan 2008 | DM | ISSUED | — |
| 9 Jul 2007 | A3 | ISSUED | — |
| 9 Jul 2007 | A3 | ISSUED | — |
| 18 Jun 2007 | A3 | ISSUED | — |
| 18 Jun 2007 | A3 | ISSUED | — |
| 18 Jun 2007 | A3 | ISSUED | — |
| 31 May 2007 | DM | ISSUED | — |
| 31 May 2007 | DM | ISSUED | — |
| 31 May 2007 | DM | ISSUED | — |
Showing the 50 most recent of 61. The full set is available in the interactive report.
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 |
|---|---|---|---|---|
| 16 Jan 2026 | TL&R | — | — | — |
| 16 Jan 2026 | AL&R | $160,250,000 | — | — |
| 16 Jan 2026 | Assignment | — | — | — |
| 16 Jan 2026 | M&CON | $160,250,000 | — | — |
| 10 Nov 2016 | Assignment | — | — | — |
| 10 Nov 2016 | AALR | — | — | — |
| 14 Jan 2016 | AL&R | $165,000,000 | — | — |
| 14 Jan 2016 | Agreement | $165,000,000 | — | — |
| 14 Jan 2016 | Assignment | — | — | — |
| 14 Jan 2016 | TL&R | — | — | — |
| 14 Jan 2016 | Assignment | — | — | — |
| 14 Jan 2016 | TL&R | — | — | — |
| 14 Jan 2016 | Mortgage | $55,337,300 | — | — |
| 14 Jan 2016 | TL&R | — | — | — |
| 14 Jan 2016 | Assignment | — | — | — |
| 9 Oct 2013 | Assignment | — | — | — |
| 9 Oct 2013 | AL&R | $83,384,385 | — | — |
| 9 Oct 2013 | TL&R | — | — | — |
| 9 Oct 2013 | AL&R | $17,500,000 | — | — |
| 9 Oct 2013 | AL&R | $8,778,315 | — | — |
| 9 Oct 2013 | TL&R | — | — | — |
| 9 Oct 2013 | Mortgage | $8,778,315 | — | — |
| 9 Oct 2013 | Assignment | — | — | — |
| 9 Oct 2013 | Deed | — | — | — |
| 9 Oct 2013 | Agreement | $17,500,000 | — | — |
| 9 Oct 2013 | Mortgage | $83,384,385 | — | — |
| 30 Apr 2012 | Agreement | $13,000,000 | — | — |
| 30 Apr 2012 | Satisfaction of mortgage | — | — | — |
| 30 Apr 2012 | Agreement | $13,000,000 | — | — |
| 12 Mar 2012 | Deed | $28,850,000 | — | — |
| 12 Mar 2012 | Mortgage | $4,500,000 | — | — |
| 28 May 2010 | Mortgage | $8,830,000 | — | — |
| 29 Aug 2008 | PREL | — | — | — |
| 29 Aug 2008 | Agreement | — | — | — |
| 29 Aug 2008 | Deed | $27,520,000 | — | — |
| 6 Sep 2007 | CERT | — | — | — |
| 6 Sep 2007 | ZONE | — | — | — |
| 4 Jun 2007 | PREL | — | — | — |
| 27 Feb 2007 | Mortgage | $5,500,000 | — | — |
| 3 Jan 2007 | Agreement | $21,500,000 | — | — |
| 3 Jan 2007 | Mortgage | $4,500,000 | — | — |
| 3 Jan 2007 | SPRD | $14,000,000 | — | — |
| 3 Jan 2007 | AL&R | $21,500,000 | — | — |
| 23 Jan 2006 | Mortgage | $17,000,000 | — | — |
| 23 Jan 2006 | AL&R | $17,000,000 | — | — |
| 27 Dec 2005 | Deed | $23,000,000 | — | — |
| 1 Aug 2003 | DEEDO | — | — | — |
| 15 Aug 2001 | Deed | — | — | — |
| 23 Aug 2000 | Deed | — | — | — |
| 12 May 2000 | ATL | — | — | — |
Showing the 50 most recent of 58. 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.