338 5 AVE

Executive Summary

Salient findings from this report, worst first. Each line names the section carrying the full detail.

Overview

Recent Activity

Property Taxes

Tax Abatement (J-51 / 421a / etc.)

Valuation Metrics

Appears over-assessed — estimated savings $9,804,796/year with a grievance filing.

Rent & Investment Position

Assessment History (14 years)

Tax History (6 years)

Lot — Block Comparison

How this lot compares to the rest of the block — useful for spotting under-utilization, assemblage plays, and comp outliers.

13 lots on block · subject sits in the 10th of 10 size bucket

Block 835 · 13 lots on block · subject lot 41

Official Tax Map

Manhattan Block 835 — the subject premises and the 11 tax lot(s) of record on the block, drawn from the NYC DOF Digital Tax Map.

Subject lot 41 (shaded)   Adjacent lots on the block (numbered)

Diagram rendered by RegWatch from NYC DOF Digital Tax Map geometry. The tax map is a graphical index of tax-lot boundaries — it is not a survey and does not establish metes-and-bounds; a licensed survey governs the legal description.

Use & Development

Zoning Context

Use & Construction

Property Flags

Property-level signals aggregated from every DOB job application filed here. Flags with majority support across filings indicate enduring property conditions (landmarked status, SRO designation, etc.).

Construction History (showing 100 of 2751)

Every job application filed at this property — BIS legacy and DOB NOW. Each card shows the full lifecycle (pre-filing → paid → approved → permitted → sign-off) plus applicant of record, owner at filing, filing representative, work scope, code review, and inspection requirements. BIS-legacy jobs ship a sparser payload than DOB NOW so older filings render fewer sections.

Earlier filings (88)

Build Envelope

How much more building this lot can support under its FAR cap — the gold block is what's built today; the dashed blue is the as-of-right envelope and additional floors at the current footprint.

Environmental

Compliance & Permits

Violations (992 total · 1 open · 991 closed)

Showing 20 of 992 most recent — pick a higher row count in Customize Sections for the full list.

Permits (9,011 on record · most recent 552: 520 active · 32 historical)

Showing 20 of 9,011 on record, most recent first — Customize Sections can list up to the 552 most recent this report carries.

Complaints (215 total · 6 open · 209 closed)

Showing 20 of 215 most recent — pick a higher row count in Customize Sections for the full list.

Enforcement & Litigation (1184 · 192 docketed)

Showing 212 of 1,184 — every docketed judgment plus the most recent other actions; pick a higher row count in Customize Sections for the full list.

Inspections (5,232 on record · most recent 2,000 held)

Showing 20 of 5,232 on record, most recent first — Customize Sections can list up to the 2,000 most recent this report carries.

Ownership & Title

Title Risk Profile

Elevated title risk: 50/100 · clear-to-close 50/100

• 66 docketed OATH judgments — $30,630 open balance · +40 pts
• 6092 open DOB permits with no C of O · +10 pts

Deed History (20)

Showing the 20 most recent instruments. Of record for this parcel (distinct recorded documents): deed transfers 6 · mortgages 11 · assignments 26 · satisfactions/releases 8; recorded lien instruments are additional.

Recorded & Building Documents (61)

Recorded instruments indexed by the NYC City Register (easements, declarations, agreements, …) and DOB building paperwork. Documents are reproduced at the source — each link opens the agency's copy.

47 additional documents of record beyond the 6-per-type cap — the full list is on this property's Ownership tab.

Certificate of Occupancy Issuance (50)

DOB C of O issuance history — final, temporary, and amended certificates as recorded by BIS and DOB NOW. Many pre-1938 buildings lawfully have no C of O.

Showing 20 of 50 most recent — the full issuance log is on this property's Ownership tab.

Existing Debt & Title Chain

Showing the 10 most recent of 17 recorded deed transfers and mortgages (distinct documents).

Estimated current debt: $31,000,000 (mortgage recorded Aug 26, 2013).

Contacts

HPD registrations, DOB permit & safety-filing parties, ECB/HPD enforcement respondents, and ACRIS deed parties for this parcel.

Roster (50 of 80)

Showing first 50 of 80 contacts. Open the property page for the full roster.

Regulations

Compliance Score: A (90/100)

Score reflects available data; some sources may not cover this region or this parcel's full history.

What's dragging this down:

• LL 97 penalty 2030-2034: $1,054,985/yr projected penalty from 2030.
• Open DOB violations: 1 open DOB violation.

Regulation Inventory (24)

1 overdue · 2 due in next 90 days

LL97 Emissions

Rent Regulation

Building-Wide Compliance

Source-of-Income (HCV / Section 8)

Regulatory Exposure

Cost-of-compliance summary across the regulatory exposures detected for this parcel. Costs are estimates — verify with an environmental engineer or compliance attorney before transacting.

Upcoming Deadlines

Compiled by RegWatch from the statutory filing and inspection calendars for the regulations that apply to this property. Dates are informational and can change; confirm each requirement and its current deadline with the responsible agency.

Recent Regulatory Changes

Surfaced by RegWatch's regulatory-change monitor from public-agency rule-making that touches this property's regulatory profile. Summaries are informational; consult the issuing agency's official notice for the authoritative text.

Market & Comparables

Market Analysis

Investment Metrics

Estimates based on standard underwriting assumptions. Not financial advice — verify with your lender, accountant, and insurance agent before transacting.

Recent Sales Comps (2)

Price Benchmarks

Cap-rate-implied and breakeven use estimated rent $3,231,900/mo (Zillow asking-rent index). Breakeven is the price at which monthly cash flow = $0 under standard underwriting (25% down @ 7.5% / 30-yr fixed).

Deal Math Waterfall

Annual Cash-Flow Waterfall

Yield Metrics

Underwriting standard: 25% down @ 7.50% / 30-yr fixed; insurance, vacancy, maintenance %, and management % pull regional defaults. Variable opex (mgmt/maint/capex) is computed on effective rent (post-vacancy) per industry convention. Not financial advice — verify with your lender, accountant, and insurance agent.

Deal Signals

Consolidated red-flag + opportunity roll-up combining ownership posture, renovation history, tax appeal opportunity, regulatory risk, and insurability into one decision view.

Sensitivity Matrix

Monthly cash-flow stress test: 3 rate scenarios (±100 basis points) × 3 rent scenarios (±10%). Center cell is the base case. A separate +5pp vacancy shock would change monthly cash flow by -$127,660.

Neighborhood

Economic

Housing Stock

Education (25+)

Commute

Administrative Districts

Transit Access

Scanned Document Attachments

The PDF download of this report carries the scanned-document package as available for this property: recorded deed, mortgage and lien images from the City Register (ACRIS), Certificate of Occupancy scans from DOB, the official DOF Digital Tax Map sheet, City Map alteration maps. Use Download PDF to include them; each group can be excluded under Customize sections.