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475 Bay Street

Staten Island · Parcel 5004887501
270
Residential units
2022
Year built
189,502 sq ft
Building area
25
Open violations
$15,585,750
Assessed value

Analysis

AI-generated Risk: Medium

The building’s new construction and spacious units are attractive, but the over‑built status, open violations and existing penalties create material risk for a buyer or lender.

The good

  • Built in 2022, so systems are new
  • Average unit size of 702 sq ft is generous for NYC
  • Open violations per unit are low at 0.1
  • No legal proceedings and not on a tax‑lien list

The bad

  • Built beyond the residential floor‑area limit (over‑built for residential)
  • 25 open violations indicate compliance issues
  • Enforcement penalties of $625 are owed and safety‑violation penalties are present
  • No arms‑length sale recorded and market value on record is $0

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 3.32, against a residential limit of 2.43 — it is over that limit by 0.89. 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 4.80 does apply to community-facility use, which produces an apparent 84,369 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.

Unresolved conditions on record

25 violations remain open across 270 residential units (about 0.1 per apartment), against an outstanding penalty balance of $625.00. A significant open count with little money attached usually means habitability items that were never certified as corrected, rather than a few expensive enforcement actions — an administrative problem more than a financial one, though it is still a problem.

Development & zoning

Floor-area ratio

Built3.32
Residential limit2.43
Commercial limit0.00
Community-facility limit4.80

Development headroom (calculated) calculated

Highest permitted ratio4.80
Unused ratio1.48
Unused buildable area84,369 sq ft
Lot area57,006 sq ft

Value & taxes

Assessment

Assessed total$15,585,750
Assessed land$530,550
Assessed building$15,055,200
Market value on record$0
Assessed as % of market

Tax

Tax class2
Taxable assessed$0
Tax rate12.502%
Estimated annual levy

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$0
2026$0
2025$0

Building & occupancy

Structure

Year built2022
Floors12
Building area189,502 sq ft
Residential area181,140 sq ft
Commercial area8,362 sq ft

Occupancy

OwnershipCondominium
Total units271
Residential units270
Rent-stabilized268
Free Market / Other2
Residential Avg unit size671 sq ft (calculated)
Commercial Avg unit size8,362 sq ft (calculated)
Building classRM

Neighborhood, risk & energy

Neighborhood & transit

Nearest subwayStapleton (SIR) — 0.17 mi
School district31
Police precinct120
Nearest firehouseMarine 9 — 305 Front Street

Location risk

Flood zoneModerate — 0.2% annual chance (Zone X)
Hurricane evacuation zoneZone 2
Projected floodplainIn the projected 2050s floodplain

Energy & emissions

Energy use intensity39.2 kBtu/ft²
Greenhouse-gas emissions554 metric tons/yr

Comparable sales

AddressSale datePriceSq ft$/sq ft
31 Wave Street2021-12-16$15,971,4694,248$3,760
475 Bay Street2021-12-16$15,971,469
N/a Wave Street2020-05-20$2,225,000
365 Bay Street2018-07-27$1,200,000
31-33 Wave Street2017-11-22$1,700,0004,248$400

Record activity

Compliance calculated

Open violations25
Open per residential unit0.1 (calculated)
Enforcement penalties$625.00
Safety-violation penaltiesNot available
Total penalties owed$625.00 (calculated)
On tax-lien sale listNo

Activity

Complaints recorded193
Permits / alterations14
Recorded documents0
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

Owner475 Bay Street Housing Development Fund
Parcel5004887501
Block488
Lot7501

Last recorded transfer

Date
Recorded price
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.

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.

IssuedCategoryClassStatusAmount dueDescription
23 Jul 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1231, 12th STORY, 3rd APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
23 Jul 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1233, 12th STORY, 1st APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
23 Jul 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE KITCHEN LOCATED AT APT 1233, 12th STORY, 1st APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
16 Jul 2026HousingCFIRST NO ACCESS TO RE- INSPECT VIOLATION27-2031 ADM CODE PROVIDE HOT WATER AT ALL HOT WATER FIXTURES IN THE ENTIRE APARTMENT LOCATED AT APT 1229, 12th STORY, 5th APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
16 Jul 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOORS IN THE KITCHEN LOCATED AT APT 1233, 12th STORY, 1st APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
15 Jul 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOORING IN THE 2nd ROOM FROM NORTH LOCATED AT APT 1231, 12th STORY, 3rd APARTMENT FROM EAST AT SOUTH , SECTION ''EAST
15 May 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE LAMINATE FLOORING IN THE 1st ROOM FROM NORTH LOCATED AT APT 225, 2nd STORY, 4th APARTMENT FROM NORTH AT EAST , SECTION ''WEST
15 May 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE LAMINATE FLOORING IN THE 1st ROOM FROM NORTH LOCATED AT APT 225, 2nd STORY, 4th APARTMENT FROM NORTH AT EAST , SECTION ''WEST
15 May 2026EnforcementCLASS - 2ACTIVE$625AN ELEVATOR IN SECTION OF BUILDING OR BUILDING IS OUT-OF-SERVICE. UPON INSPECTION THE DEVICE IS FOUND TO BE OUT-OF-SERVICE CREATING A HAZARDOUS CONDITION AS PER 1RCNY 11-02. RESTORE TO SERVICE IMMEDIATELY AND N
5 May 2026HousingBNOV SENT OUT27-2026 ADM CODE REMOVE ALL OBSTRUCTIONS AND REPAIR ALL DEFECTS IN WASTE LINE UNDER SINK IN THE KITCHEN LOCATED AT APT 1210, 12th STORY, 4th APARTMENT FROM WEST AT NORTH
5 May 2026HousingBNOV SENT OUT27-2026 ADM CODE REPAIR THE BROKEN OR DEFECTIVE CONNECTION AT WASTE PIPE UNDER SINK IN THE KITCHEN LOCATED AT APT 1210, 12th STORY, 4th APARTMENT FROM WEST AT NORTH
8 Apr 2026HousingBNOV SENT OUT27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE WEST WALL IN THE 1st ROOM FROM EAST LOCATED AT APT 332, 3rd STORY, 2nd APARTMENT FROM EAST AT SOUTH
8 Apr 2026HousingBNOV SENT OUT27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT WEST WALL IN THE 1st ROOM FROM EAST LOCATED AT APT 332, 3rd STORY, 2nd APARTMENT FROM EAST AT SOUTH
8 Apr 2026HousingBNOV SENT OUT27-2005 ADM CODE REPAIR THE BROKEN OR DEFECTIVE PLASTERED SURFACES AND PAINT IN A UNIFORM COLOR THE CEILING AND SOUTH WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 332, 3rd STORY, 2nd APARTMENT FROM EAST AT SOUTH
8 Apr 2026HousingBNOV SENT OUT27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT CEILING AND SOUTH WALL IN THE 2nd ROOM FROM EAST LOCATED AT APT 332, 3rd STORY, 2nd APARTMENT FROM EAST AT SOUTH
8 Apr 2026HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE FIRE RETARDANT MATERIAL AT SOUTH WALL AT PUBLIC HALL, 3rd STORY
8 Apr 2026HousingANOT COMPLIED WITH27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT THE SOUTH WALL AND CEILING AT PUBLIC HALL, 3rd STORY
9 Jan 2026HousingANOT COMPLIED WITH27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT EAST WALL IN THE 2nd ROOM FROM EAST AT NORTH LOCATED AT APT 1210, 12th STORY, 4th APARTMENT FROM WEST AT NORTH
9 Jan 2026HousingANOT COMPLIED WITH27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT AT EAST WALL IN THE 3rd ROOM FROM EAST AT NORTH LOCATED AT APT 1210, 12th STORY, 4th APARTMENT FROM WEST AT NORTH
9 Jan 2026HousingCNOTICE OF ISSUANCE SENT TO TENANTHMC ADM CODE: § 27-2017.4 ABATE THE INFESTATION CONSISTING OF ROACHES IN THE ENTIRE APARTMENT LOCATED AT APT 618, 6th STORY, 5th APARTMENT FROM EAST AT SOUTH
26 Dec 2025HousingBNOV SENT OUT27-2026 ADM CODE REPAIR THE LEAKY AND/OR DEFECTIVE FAUCETS AT BATHTUB IN THE BATHROOM LOCATED AT APT 416, 4th STORY, 7th APARTMENT FROM SOUTH AT WEST , SECTION ''WEST
8 Dec 2025HousingBNOV SENT OUT27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE FIRE RETARDANT MATERIAL AT CEILING AT PUBLIC HALL, 4th STORY
8 Dec 2025HousingBNOV SENT OUT27-2026, 2027 HMC: PROPERLY REPAIR THE SOURCE AND ABATE THE EVIDENCE OF A WATER LEAK AT CEILING AT PUBLIC HALL, 4th STORY
20 Aug 2025HousingCFIRST NO ACCESS TO RE- INSPECT VIOLATION27-2005, 2007 ADM CODE REMOVE DEVICE PREVENTING DOOR FROM BEING SELF-CLOSING DOOR SWEEP IN THE ENTRANCE LOCATED AT APT 303, 3rd STORY, 1st APARTMENT FROM WEST AT NORTH
24 Mar 2017EnforcementCLASS - 2ACTIVEAS PER CLASS 2 (B265) 28-303.7, FAILURE TO FILE A COMPLETE BOILER INSP REPORT AS PER Building RECORDS, SUBMIT A CURRENT BO-9 REPORT

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
6 Aug 2026Car/Truck MusicNoise - VehicleClosed6 Aug 2026
6 Aug 2026Car/Truck MusicNoise - VehicleClosed6 Aug 2026
1 Aug 2026Car/Truck MusicNoise - VehicleClosed1 Aug 2026
23 Jul 2026Elevator - Multiple Devices On PropertyElevatorClosed28 Jul 2026
23 Jul 2026MOLDUNSANITARY CONDITIONClosed30 Jul 2026
21 Jul 2026Car/Truck MusicNoise - VehicleClosed21 Jul 2026
16 Jul 2026Elevator - Multiple Devices On PropertyElevatorOpen16 Jul 2026
15 Jul 2026WATER SUPPLYPLUMBINGClosed17 Jul 2026
15 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed15 Jul 2026
15 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed15 Jul 2026
14 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed15 Jul 2026
14 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed15 Jul 2026
14 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed14 Jul 2026
14 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed14 Jul 2026
13 Jul 2026Loud Music/PartyNoise - Street/SidewalkClosed13 Jul 2026
13 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed14 Jul 2026
13 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed14 Jul 2026
13 Jul 2026ENTIRE BUILDINGHEAT/HOT WATERClosed14 Jul 2026
12 Jul 2026ENTIRE BUILDINGHEAT/HOT WATEROpen
6 Jul 2026Elevator - Multiple Devices On PropertyElevatorClosed17 Jul 2026
3 Jul 2026DOORDOOR/WINDOWClosed10 Jul 2026
1 Jul 2026APARTMENT ONLYHEAT/HOT WATERClosed2 Jul 2026
24 Jun 2026Chemical Vapors/Gases/OdorsIndoor Air QualityClosed26 Jun 2026
23 Jun 2026StopStreet Sign - MissingClosed24 Jun 2026
21 Jun 2026Car/Truck MusicNoise - VehicleClosed21 Jun 2026
21 Jun 2026Car/Truck MusicNoise - VehicleClosed21 Jun 2026
7 Jun 2026Loud Music/PartyNoise - ResidentialClosed7 Jun 2026
7 Jun 2026Car/Truck MusicNoise - VehicleClosed7 Jun 2026
14 May 2026Elevator - Multiple Devices On PropertyElevatorClosed15 May 2026
7 May 2026FLOORFLOORING/STAIRSClosed14 May 2026
7 May 2026FLOORFLOORING/STAIRSClosed14 May 2026
19 Apr 2026Banging/PoundingNoise - ResidentialClosed19 Apr 2026
16 Apr 2026Elevator - Multiple Devices On PropertyElevatorClosed30 Apr 2026
16 Apr 2026GARBAGE/RECYCLING STORAGEUNSANITARY CONDITIONClosed15 May 2026
16 Apr 2026Sewage OdorIndoor Air QualityClosed16 Apr 2026
16 Apr 2026Elevator - Single Device On Property/No Alternate ServiceElevatorClosed30 Apr 2026
13 Apr 2026Banging/PoundingNoise - ResidentialClosed13 Apr 2026
6 Apr 2026Loud Music/PartyNoise - Street/SidewalkClosed7 Apr 2026
31 Mar 2026Banging/PoundingNoise - ResidentialClosed31 Mar 2026
23 Mar 2026Banging/PoundingNoise - ResidentialClosed23 Mar 2026
23 Mar 2026Banging/PoundingNoise - ResidentialClosed23 Mar 2026
9 Mar 2026Elevator - Multiple Devices On PropertyElevatorClosed13 Mar 2026
6 Mar 2026Elevator - Multiple Devices On PropertyElevatorClosed13 Mar 2026
6 Mar 2026With License PlateAbandoned VehicleClosed6 Mar 2026
4 Mar 2026DOORDOOR/WINDOWClosed20 Apr 2026
4 Mar 2026PESTSUNSANITARY CONDITIONClosed20 Apr 2026
28 Feb 2026Loud Music/PartyNoise - ResidentialClosed28 Feb 2026
18 Feb 2026Elevator - Multiple Devices On PropertyElevatorClosed27 Feb 2026
17 Feb 2026Elevator - Multiple Devices On PropertyElevatorClosed27 Feb 2026
17 Feb 2026Elevator - Multiple Devices On PropertyElevatorClosed27 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
11 Jan 2024Protection and Mechanical MethodsSigned-offInstallation of Multi-Point Suspended Scaffolding as per plan and in accordance with Chapter 33 of NYC Building Code. No change in use, egress, or occupancy
5 Jan 2024PlumbingSigned-offFiling herewith underground plumbing. Filed in conjunction with NB___
16 Nov 2023Boiler EquipmentSigned-offApplication filed in conjunction with NB 510115670. Installation of new boilers as per amended plans prior to boiler inspection with High Rise
1 Nov 2023StandpipeSigned-offInstallation of sprinkler / standpipe system as per plans filed herewith. Filed in conjunction with NB 510115670
1 Nov 2023PlumbingSigned-offApplication filed in conjunction with NB 510115670. Installation of plumbing as per plans submitted herewith
26 Sep 2023Protection and Mechanical MethodsSigned-offINSTALLATION OF 6000 LB PERSONNEL/MATERIAL SINGLE CAR FOR WEST HOIST AS PER PLANS DURING CONSTRUCTION. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
26 Sep 2023Protection and Mechanical MethodsSigned-offINSTALLATION OF 6000 LB PERSONNEL/MATERIAL SINGLE CAR FOR EAST HOIST AS PER PLANS DURING CONSTRUCTION. NO CHANGE IN USE, EGRESS OR OCCUPANCY UNDER THIS APPLICATION
19 Sep 2023Construction FenceSigned-offINSTALLATION OF 300psf SIDEWALK SHED, OVERHEAD PROTECTION, ROOF PROTECTION AND CONSTRUCTION FENCE AS PER PLANS, ALL EQUIPMENT SHALL COMPLY WITH THE CHAPTER # 33 OF THE CODE 2014, NO CHANGES IN USE EGRESS OR OCCUPANCY UNDER THIS APPLICATION
4 Apr 2023Mechanical SystemsSigned-offMechanical including ductwork, risers, piping and units for 12-story new building. Filed in connection with NB # 510115670
4 Apr 2023Curb CutSigned-offInstall Curb Cut as per plans. Filed in connection with BPP#540200281 & NB# 510115670
29 Nov 2022Supported ScaffoldSigned-offINSTALLATION OF TEMPORARY SCAFFOLD AS PER PLANS IN CONJUNCTION WITH NB CONSTRUCTION. NO CHANGE IN USE, EGRESS OR OCCUPANCY. SCAFFOLD TO COMPLY WITH CHAPTER 33 OF NYC BUILDING CODE OF 2014
17 Jun 2022StructuralSigned-offFiling herewith for superstructure for 12-story new building. Filed in conjunction with NB# 510115670
4 Mar 2022StandpipeSigned-offINSTALLATION OF A TEMPORARY STANDPIPE IN CONJUNCTION WITH NEW BUILDING APPLICATION #510115670. NO CHANGE OF USE, OCCUPANCY, OR EGRESS (RELEASE DRY PRESSURED STANDPIPE SYSTEM
14 Jan 2022Earth WorkSigned-offCut site 3 feet to collect soil samples to determine level of contaminates; if any as per plans. Filed in conjunction with NB 510115670

About this page

Compiled from New York City public records — data retrieved 5 days ago. Coverage on this parcel: 14 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.