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PropertyDiSHi

26-50 1st Street

Queens · Parcel 4009160010
294
Residential units
2023
Year built
362,533 sq ft
Building area
0
Open violations
$28,714,050
Assessed value

Analysis

AI-generated Risk: Low

The building is new and risk‑free from code or legal issues, but the lack of a recent arm‑length sale and the large amount of unused buildable area limit price certainty and future expansion potential.

The good

  • Built in 2023, so all systems and finishes are brand new
  • Low assessed risk with no open violations, penalties, or legal proceedings
  • Zero enforcement and safety violation penalties, meaning no hidden debt from code issues
  • Market value on record ($63.8 M) far exceeds assessed value ($28.7 M), indicating strong valuation

The bad

  • Last recorded sale price of $10 and no arm‑length sale means there is no recent market transaction to benchmark price
  • Unused buildable square footage of 599,100 sq ft suggests the site cannot be expanded despite remaining zoning capacity
  • High assessed‑value change of 1345.6 % may signal a recent reassessment shock, which could affect future taxes

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 2.45 against a permitted 6.50, leaving 4.05 of unused ratio — roughly 599,100 sq ft of buildable area on a lot of 147,926 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.

No open violations on record

Nothing is currently outstanding against this property. Closed violations are not counted here — a violation that was raised and then fixed is a problem that went away, and an older building will have accumulated many of them. What matters is what is still open, and here that is nothing.

No arm's-length sale on record

The last recorded transfer is dated 21 Nov 2023 at a recorded price of $10. 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 1,345.6% across the 5 assessment years on record (2023 to 2027), standing at $28,714,050. 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

Built2.45
Residential limit5.00
Commercial limit0.00
Community-facility limit6.50

Development headroom (calculated) calculated

Highest permitted ratio6.50
Unused ratio4.05
Unused buildable area599,100 sq ft
Lot area147,926 sq ft

Value & taxes

Assessment

Assessed total$28,714,050
Assessed land$4,451,850
Assessed building$24,262,200
Market value on record$63,809,000
Assessed as % of market45.0%

Tax

Tax class2
Taxable assessed$28,706,028
Tax rate12.502%
Estimated annual levy$3,588,827.62

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$28,714,050—
2026$21,992,400+30.6%
2025$9,433,350+133.1%
2024$4,451,850+111.9%
2023$1,986,300+124.1%

Building & occupancy

Structure

Year built2023
Floors26
Building area362,533 sq ft
Residential area326,590 sq ft
Commercial area35,943 sq ft

Occupancy

Total units295
Residential units294
Rent-stabilized647
Residential Avg unit size1,111 sq ft (calculated)
Commercial Avg unit size35,943 sq ft (calculated)
Building classD6

Neighborhood, risk & energy

Neighborhood & transit

Nearest subway96 St (Q) — 0.79 mi
School district30
Police precinct114
Nearest firehouseEngine 262 — 30-89 21st Street

Location risk

Flood zoneHigh-risk (Zone AE)
Hurricane evacuation zoneZone 1
Projected floodplainIn the projected 2050s floodplain
Environmental restrictionHazardous materials, air quality, noise

Record activity

Compliance calculated

Open violations0
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 recorded150
Permits / alterations59
Recorded documents72
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

OwnerHalletts Building 3 Spe LLC
Parcel4009160010
Block916
Lot10
Mortgage on record$56,208,247 (2024)
Fixture liens4 active fixture liens

Last recorded transfer

Date21 Nov 2023
Recorded price$10
Price per unitNot meaningful
Price vs assessedNot 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.

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
8 Aug 2026Loud Music/PartyNoise - ResidentialClosed9 Aug 2026
28 Jul 2026Unleashed Dog in PublicUnleashed DogClosed4 Aug 2026
26 Jul 2026Posted Parking Sign ViolationIllegal ParkingClosed26 Jul 2026
25 Jul 2026Blocked Bike LaneIllegal ParkingClosed25 Jul 2026
21 Jul 2026Posted Parking Sign ViolationIllegal ParkingClosed21 Jul 2026
20 Jul 2026Loud Music/PartyNoise - Street/SidewalkClosed21 Jul 2026
17 Jul 2026Loud Music/PartyNoise - ResidentialClosed17 Jul 2026
16 Jul 2026In PublicDrinkingClosed16 Jul 2026
16 Jul 2026Allowed in Smoke Free AreaSmoking or VapingIn Progress—
13 Jul 2026Beach/Pool WaterBeach/Pool/Sauna ComplaintClosed28 Jul 2026
11 Jul 2026Loud Music/PartyNoise - Street/SidewalkClosed12 Jul 2026
11 Jul 2026Loud Music/PartyNoise - ResidentialClosed12 Jul 2026
2 Jul 2026Unauthorized Bus LayoverIllegal ParkingClosed2 Jul 2026
30 Jun 2026No Parking, Standing, StoppingStreet Sign - MissingIn Progress—
30 Jun 2026Blocked SidewalkIllegal ParkingClosed30 Jun 2026
29 Jun 2026Posted Parking Sign ViolationIllegal ParkingClosed29 Jun 2026
28 Jun 2026Blocked HydrantIllegal ParkingClosed29 Jun 2026
25 Jun 2026No Parking, Standing, StoppingStreet Sign - DanglingClosed8 Jul 2026
19 Jun 2026No AccessBlocked DrivewayClosed19 Jun 2026
17 Jun 2026Blocked SidewalkIllegal ParkingClosed17 Jun 2026
15 Jun 2026Partial AccessBlocked DrivewayClosed15 Jun 2026
15 Jun 2026Posted Parking Sign ViolationIllegal ParkingClosed15 Jun 2026
15 Jun 2026Commercial Overnight ParkingIllegal ParkingClosed15 Jun 2026
13 Jun 2026No AccessBlocked DrivewayClosed13 Jun 2026
13 Jun 2026Partial AccessBlocked DrivewayClosed13 Jun 2026
12 Jun 2026No AccessBlocked DrivewayClosed12 Jun 2026
11 Jun 2026Posted Parking Sign ViolationIllegal ParkingClosed11 Jun 2026
7 Jun 2026Facility MaintenanceBeach/Pool/Sauna ComplaintClosed26 Jun 2026
26 May 2026Posted Parking Sign ViolationIllegal ParkingClosed26 May 2026
23 May 2026No AccessBlocked DrivewayClosed23 May 2026
22 May 2026Posted Parking Sign ViolationIllegal ParkingClosed22 May 2026
15 May 2026Blocked SidewalkIllegal ParkingClosed15 May 2026
30 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed30 Apr 2026
27 Apr 2026Partial AccessBlocked DrivewayClosed27 Apr 2026
25 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed25 Apr 2026
25 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed25 Apr 2026
25 Apr 2026Posted Parking Sign ViolationIllegal ParkingClosed25 Apr 2026
23 Apr 2026ChronicHomeless Person AssistanceClosed23 Apr 2026
2 Apr 2026StopStreet Sign - DamagedClosed3 Apr 2026
30 Mar 2026Banging/PoundingNoise - ResidentialClosed31 Mar 2026
16 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed16 Mar 2026
14 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed14 Mar 2026
13 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed13 Mar 2026
8 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed8 Mar 2026
8 Mar 2026Posted Parking Sign ViolationIllegal ParkingClosed8 Mar 2026
28 Feb 2026Posted Parking Sign ViolationIllegal ParkingClosed28 Feb 2026
26 Feb 2026Blocked SidewalkIllegal ParkingClosed26 Feb 2026
20 Feb 2026Posted Parking Sign ViolationIllegal ParkingClosed20 Feb 2026
18 Feb 2026Posted Parking Sign ViolationIllegal ParkingClosed18 Feb 2026
12 Feb 2026Posted Parking Sign ViolationIllegal ParkingClosed12 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
2 Jan 2025PlumbingPermit IssuedFILED IN CONJUCTION WITH BIS NEW BUILDING APPLICATION 421476931. New Plumbing/Sprinkler/Standpipe fixtures to be installed throughout the entire building
10 Oct 2024Boiler EquipmentSigned-offInstallation of eight new conventional type gas fired boilers as per plans filed herewith. No change in use, egress occupancy. Work to be filed in conjunction to new building 421476931
25 Sep 2024Curb CutSigned-offNew Curb cut for accessing the trash compactor/recycling loading dock as per plans filed herewith. Work to be filed in conjunction to new building application 421476931
25 Sep 2024Curb CutSigned-offNew curb curt to access the main vehicular driveway between Halletts Point Building 20 & 30 as per plans filed herewith. Work to be filed in conjunction to new building application 421476931
1 Aug 2024General ConstructionSigned-offThis application is filed for a Temporary office space (temp use permit) as per plans filed herewith in conjunction to the new building application #421476931. Filing fees captured under NB application number 421476931
29 Jul 2024FoundationSigned-offFOUNDATION FOR THE MIXED-USE BUILDING AS PER PLANS FILED HEREWITH IN CONJUNCTION TO THE NEW BUILDING APPLICATION #421476931. FILING FEES CAPTURED UNDER NB APPLICATION NUMBER 421476931
14 Jun 2024Protection and Mechanical MethodsSigned-offUSE OF TEMPORARY MINI CRANE CONSTRUCTION EQUIPMENT DURING NEW BUILDING CONSTRUCTION, AS PER PLANS FILED HEREWITH. THIS APPLICATION IS FILED IN CONJUNCTION WITH Building# 421476931
13 Jun 2024Protection and Mechanical MethodsSigned-offTEMPORARY WORK PLATFORM AS PER DRAWINGS. WORK PLATFORM SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
22 May 2024Protection and Mechanical MethodsSigned-offUSE OF TELEHANDLER DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
14 May 2024Protection and Mechanical MethodsSigned-offUSE OF MINI CRANE DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
14 May 2024Protection and Mechanical MethodsSigned-offUSE OF MINI CRANE DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
29 Apr 2024PlumbingSigned-offDesign/Installation of a water reuse facility per Appendix C of the NYC Plumbing Code. No change in use, egress, or occupancy. Work filed in conjunction to new building 421476931
2 Feb 2024Boiler EquipmentSigned-offInstallation of eight new conventional type gas fired boilers as per plans filed herewith. No change in use, egress occupancy. Work to be filed in conjunction to new building 421476931
2 Feb 2024Protection and Mechanical MethodsSigned-offUSE OF TELEHANDLER DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
9 Jan 2024Suspended ScaffoldSigned-offINSTALLATION OF A TEMPORARY ADT ACCESS SYSTEM ON THE ROOF AS PER PLANS. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION. SCAFFOLD TO COMPLY WITH CHAPTER 33 OF NYC BUILDING CODE OF 2022
4 Dec 2023Protection and Mechanical MethodsSigned-offTEMPORARY OVERHEAD PROTECTION DURING NB CONST, FILED SEP. OVERHEAD PROTECTION SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
4 Dec 2023Protection and Mechanical MethodsSigned-offHOIST CAR 2&3: INSTALLATION OF DUAL 7000 # CAPACITY PERSONNEL/MATERIAL HOISTS DURING NB CONST, FILED SEP. HOISTS SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION. ELEVATOR APPLICATION SUBMITTED SEP
4 Dec 2023Protection and Mechanical MethodsSigned-offHOIST CAR 6: INSTALLATION OF SINGLE 7000 # CAPACITY PERSONNEL/MATERIAL HOIST DURING NB CONST, FILED SEP. HOIST SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION. ELEVATOR APPLICATION SUBMITTED SEP
1 Nov 2023PlumbingSigned-offCIVIL PLUMBING FOR RESIDENTIAL BUILDING, AS PER PLANS FILED HEREWITH. WORK TO BE FILED IN CONJUNCTION TO NEW BUILDING APPLICATION 421476931
26 Oct 2023StandpipeSigned-offFILED IN CONJUCTION WITH BIS NEW BUILDING APPLICATION 421476931
29 Sep 2023Supported ScaffoldSigned-offTEMPORARY SYSTEM SCAFFOLD AS PER DRAWINGS. SYSTEM SCAFFOLD SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
27 Sep 2023Protection and Mechanical MethodsSigned-offHOIST CAR 1: INSTALLATION OF SINGLE 7000 # CAPACITY PERSONNEL/MATERIAL HOIST DURING NB CONST, FILED SEP. HOIST SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION. ELEVATOR APPLICATION SUBMITTED SEPARATELY
27 Sep 2023Protection and Mechanical MethodsSigned-offHOIST CAR 4&5: INSTALLATION OF DUAL 7000 # CAPACITY PERSONNEL/MATERIAL HOISTS DURING NB CONST, FILED SEP. HOISTS SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION. ELEVATOR APPLICATION SUBMITTED SEP
11 May 2023Protection and Mechanical MethodsSigned-offUSE OF MINI CRANE DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
11 May 2023Protection and Mechanical MethodsSigned-offUSE OF MINI CRANE DURING NEW BUILDING CONSTRUCTION, FILED SEPARATELY UNDER 421476931
22 Apr 2023Protection and Mechanical MethodsSigned-offCARS 1, 2 & 3) TEMPORARY HOIST RUN-BACK STRUCTURE DURING NB CONST, FILED SEP. HOIST RUN-BACK STRUCTURE SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPL. HOIST & ELEVATOR APPL. SUBMITTED SEP
21 Apr 2023Protection and Mechanical MethodsSigned-offCARS 4 & 5) TEMPORARY HOIST RUN-BACK STRUCTURE DURING NB CONST, FILED SEP. HOIST RUN-BACK STRUCTURE SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPL. HOIST & ELEVATOR APPL. SUBMITTED SEP
12 Apr 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY ULMA PLATFORMS AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
12 Apr 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY CONCRETE PLACING BOOM AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
13 Mar 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY LOADING PLATFORMS AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
25 Feb 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY LOADING PLATFORMS AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
21 Feb 2023Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY CONCRETE PLACING BOOM AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS OR OCCUPANCY
7 Feb 2023Sidewalk ShedSigned-offINSTALLATION OF HEAVY DUTY SIDEWALK SHED DURING NB CONST, FILED SEP. SIDEWALK SHED SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCCUPANCY OR EGRESS UNDER THIS APPLICATION
29 Dec 2022Protection and Mechanical MethodsSigned-offINSTALLATION AND USE OF TEMPORARY INTERIOR CLIMBING PLATFORM AS PER PLAN FILED HEREWITH. NO CHANGE IN USE, EGRESS, OR OCCUPANCY
15 Dec 2022NBISSUED—
26 Oct 2022Construction FenceSigned-offINSTALLATION OF CONSTRUCTION FENCE DURING NB CONST, FILED SEP. FENCE SHALL COMPLY WITH CH #33 OF THE NYC BC. NO CHANGE IN USE, OCC. OR EGRESS UNDER THIS APP. FENCE INSTALLED ON SW/RDWY. DOT PERMITS BY OTHERS. CITY CANVAS PROJECT. SEP AGREEMENT ON SITE
11 Oct 2022NBISSUED—
29 Sep 2022PlumbingSigned-offNEW BUILDING: UNDERGROUND PLUMBING FOR RESIDENTIAL BUILDING, AS PER PLANS FILED HEREWITH. WORK TO BE FILED IN CONJUNCTION TO NEW BUILDING APPLICATION 421476931
19 Dec 2019A2ISSUED—
28 Aug 2018Construction FenceSigned-offINSTALLATION OF PLYWOOD FENCE AS PER PLANS.PLY WOOD FENCE COMPLY WITH CHAPTER #33 OF THE 2014 CODE NO CHANGE TO USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
29 Dec 2017A2ISSUED—
26 May 2017DMISSUED—
25 May 2017DMISSUED—
21 Sep 2015A3ISSUED—
29 May 2002A2ISSUED—
29 May 2002A2ISSUED—
29 May 2002A2ISSUED—
18 Dec 2000DMISSUED—
18 Dec 2000DMISSUED—
18 Dec 2000DMISSUED—

Showing the 50 most recent of 59. 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.

RecordedTypeAmountFromTo
27 Jan 2025CERT———
31 Dec 2024RPTT&RET———
20 Nov 2024EASE———
26 Jun 2024Assignment———
26 Jun 2024DECL———
26 Jun 2024Assignment———
26 Jun 2024Agreement$16,139,100——
26 Jun 2024Mortgage$56,208,247——
26 Jun 2024Agreement$56,208,247——
26 Jun 2024Mortgage$16,139,100——
17 May 2024Mortgage$16,434,299——
17 May 2024Mortgage$2,333,164——
10 Apr 2024Mortgage$3,304,306——
10 Apr 2024Mortgage$15,580,885——
2 Apr 2024Mortgage$27,760,903——
2 Apr 2024M&CON$92,239,097——
21 Nov 2023Deed$10——
13 Nov 2023SMIS———
23 Aug 2023SMIS———
6 Jan 2022SMIS———
4 Jun 2018EASE———
4 Jun 2018CERT———
4 Jun 2018SMIS———
4 Jun 2018DEVR$1,687,500——
12 Oct 2017Deed———
1 Sep 2017SMIS———
21 Aug 2017SAGE———
3 Aug 2017CERT———
3 Aug 2017SMIS———
3 Aug 2017SMIS———
3 Aug 2017SMIS———
3 Aug 2017DEVR———
15 Jul 2016SMIS———
5 Jul 2016RPTT&RET———
13 Nov 2015SMIS———
27 Oct 2015SMIS———
23 Oct 2015Release———
23 Oct 2015Release———
19 Oct 2015SMIS———
19 Oct 2015EASE$10——
19 Oct 2015SMIS———
18 Jun 2015RPTT&RET$52,824,422——
9 Jun 2015RPTT&RET$88,306,636——
28 Oct 2014Deed———
15 Oct 2014JUDG———
9 Oct 2014Deed$58,000,000——
12 Sep 2014MAPS———
4 Oct 2013SAGE———
15 Feb 2005AL&R$2,500,000——
15 Feb 2005Mortgage$1,663,872——

Showing the 50 most recent of 72. 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.