1440 Richmond Terrace
Staten Island · Parcel 5001690035
61,110 sq ft
Building area
Analysis
AI-generated Risk: Medium
The building’s recent age and strong market‑value premium are positives, but the over‑built status and existing safety‑related penalties create material risk, reflected in the medium rating.
The good
- Relatively new construction (built 2011)
- Average unit size of 764 sq ft provides decent space per apartment
- Market value ($6,641,000) is more than double the assessed value ($2,988,450)
- No enforcement penalties and no legal proceedings
The bad
- Built beyond its residential floor‑area limit, flagged as over‑built for residential use
- Safety‑violation penalties of $10,000 and two unpaid safety violations
- Three open violations remain on the property
- No arms‑length sale recorded, indicating limited 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 1.07, against a residential limit of 0.75 — it is over that limit by 0.32. 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 3 violations are currently open across 80 residential units, with $0.00 outstanding. For a building of this age that is a modest figure.
Assessed value trend
Assessed value has risen 15.7% across the 5 assessment years on record (2023 to 2027), standing at $2,988,450. 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 | 1.07 |
|---|
| Residential limit | 0.75 |
|---|
| Commercial limit | 0.00 |
|---|
| Community-facility limit | 1.00 |
|---|
Development headroom (calculated) calculated
| Highest permitted ratio | 1.00 |
|---|
| Unused ratio | -0.07 |
|---|
| Unused buildable area | — |
|---|
| Lot area | 57,024 sq ft |
|---|
Value & taxes
Assessment
| Assessed total | $2,988,450 |
|---|
| Assessed land | $641,700 |
|---|
| Assessed building | $2,346,750 |
|---|
| Market value on record | $6,641,000 |
|---|
| Assessed as % of market | 45.0% |
|---|
Tax
| Tax class | 2 |
|---|
| Taxable assessed | $2,988,450 |
|---|
| Tax rate | 12.502% |
|---|
| Estimated annual levy | $373,616.02 |
|---|
| Tax exemption (assessed value) | Shelter Rent — $2,988,450 (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 | $2,988,450 | — |
| 2026 | $3,158,550 | -5.4% |
| 2025 | $3,065,400 | +3.0% |
| 2024 | $2,764,800 | +10.9% |
| 2023 | $2,582,550 | +7.1% |
Building & occupancy
Structure
| Year built | 2011 |
|---|
| Floors | 5 |
|---|
| Building area | 61,110 sq ft |
|---|
| Residential area | 61,110 sq ft |
|---|
| Commercial area | — |
|---|
Occupancy
| Total units | 80 |
|---|
| Residential units | 80 |
|---|
| Residential Avg unit size | 764 sq ft (calculated) |
|---|
| Building class | D9 |
|---|
Neighborhood, risk & energy
Neighborhood & transit
| Nearest subway | Tompkinsville (SIR) — 2.19 mi |
|---|
| School district | 31 |
|---|
| Police precinct | 120 |
|---|
| Nearest firehouse | Battalion 22/Ladder 79 — 1189 Castleton Avenue |
|---|
Location risk
| Flood zone | Minimal hazard (Zone X) |
|---|
| Hurricane evacuation zone | Zone 2 |
|---|
Energy & emissions
| Energy use intensity | 61.3 kBtu/ft² |
|---|
| Greenhouse-gas emissions | 287 metric tons/yr |
|---|
Comparable sales
| Address | Sale date | Price | Sq ft | $/sq ft |
|---|
| 131 Broadway | 2025-06-06 | $700,000 | 2,040 | $343 |
| 115 Broadway | 2017-11-16 | $415,740 | 2,040 | $204 |
| 41 Broadway | 2017-05-18 | $415,740 | 2,040 | $204 |
Record activity
Compliance calculated
| Open violations | 3 |
|---|
| Open per residential unit | 0.0 (calculated) |
|---|
| Enforcement penalties | $0.00 |
|---|
| Safety-violation penalties | Not available |
|---|
| Total penalties owed | $10,000.00 (calculated) |
|---|
| On tax-lien sale list | No |
|---|
Activity
| Complaints recorded | 45 |
|---|
| Permits / alterations | 21 |
|---|
| Recorded documents | 1 |
|---|
| 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 | Markham Gardens Manor Housing Developmen T |
|---|
| Parcel | 5001690035 |
|---|
| Block | 169 |
|---|
| Lot | 35 |
|---|
Last recorded transfer
| Date | — |
|---|
| Recorded price | — |
|---|
| 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.
Complaints
A complaint is an allegation, not a finding — many are dismissed. A sustained pattern is nevertheless informative about how a building is run.
Permits & alterations
The absence of a permit does not prove no work was done — it may equally mean work was done without one.
Recorded documents
Deeds, mortgages and related instruments recorded against the lot. A recorded amount is not necessarily a market price.
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.