55 Market Street

Manhattan, NY

BBL 1-00276-0021BIN 1003299

Concern level3 of 4

High

012 open class-C HPD violations (immediately hazardous) — about 1 per 5 apartments
022 open rent-impairing violation(s)
034 active DOB violation(s)
041 eviction executed in the last 3 years

How this is set: open hazardous violations measured against the building's size, then raised by strong distress signals — HPD's enforcement program, court harassment findings, recent evictions, unpaid DOB fines, open housing-court cases, and a sold tax lien. Neighborhood noise and crime are not part of it. It describes the public record, not the condition of any one apartment, and a quiet record is not proof of a good building.

Rent regulation

Likely rent-stabilized

The owner registered 4 stabilized units with New York State for 2023 — of about 10 apartments.

2018 — 5 units registered2023 — 4

No public data says which specific apartment is stabilized.

Registration counts apply to the building, not to unit numbers. To confirm your own apartment, request your rent history from New York State Homes and Community Renewal — it is free and takes a few weeks.

How to request your rent history →

Rent regulation

The building

1920

Built

Floors

Residential units

Walk-up apartments

Type

The building

This building and the landlord's others

This building2 others linked to the same owner

HPD housing-maintenance violations

Open now

On record

Open Class C

Open Class B

Open Class A

Class C is immediately hazardous, Class B is hazardous, Class A is non-hazardous. A violation stays open until HPD certifies the repair, so some open items may already be fixed.

CLASS C · IMMEDIATELY HAZARDOUSIssued 2015-10-025+ YRS OLDRENT-IMPAIRING

SECTION 27-2005 ADM CODE FIRE ESCAPE DEFECTIVE. PROPERLY SECURE 5TH METAL TREAD FROM BOTTOM OF 4TH STY. SOUTH BALCONY AT FIRE ESCAPE

Status: Certification rejected by HPD

CLASS C · IMMEDIATELY HAZARDOUSIssued 2015-10-025+ YRS OLDRENT-IMPAIRING

SECTION 27-2005 ADM CODE FIRE ESCAPE DEFECTIVE. PROPERLY SECURE 6TH METAL TREAD FROM BOTTOM OF 3RD STY. SOUTH BALCONY AT FIRE ESCAPE

Status: Certification rejected by HPD

CLASS A · NON-HAZARDOUSIssued 2018-12-205+ YRS OLD

§ 27-2014 ADM CODE AND DEPT. RULES AND REGULATIONS. SCRAPE AND REMOVE RUST SCALES AND PAINT WITH 2 COATS OF PAINT ALL STORIES, ALL BALCONIES AND ALL COMPONETS AT BUILING FRONT AT FIRE ESCAPE

Status: Certified late

CLASS A · NON-HAZARDOUSIssued 2018-12-205+ YRS OLD

§ 27-2013 ADM CODE PAINT WITH LIGHT COLORED PAINT TO THE SATISFACTION OF THIS DEPARTMENT CEILING AND ALL WALLS AT PUBLIC HALL, 1st STORY

Status: Certified late

HPD housing-maintenance violations

311 complaints from tenants

All time

Last 12 months

Heat/Hot Water30

Appliance1

Heat/Hot WaterEntire Building2025-11-24 · closed

Heat/Hot WaterEntire Building2025-11-23 · closed

Heat/Hot WaterEntire Building2024-12-29 · closed

Complaints record what a tenant reported, not a finding by the city. "Closed" often means the inspector could not gain access.

311 complaints from tenants

Neighborhood noise

Higher than averagevs. NYC apartment blocks

745

Noise reports · last 12 mo

≈ per month

% from neighbors

Residential417

Commercial151

Street/Sidewalk107

Unspecified43

Vehicle14

Park7

Helicopter5

House of Worship1

311 noise complaints within about 1,000 ft (a few blocks) in the last year. Most reports here are about noise from inside buildings — neighbors, not the street. This counts how often people call 311, which tracks how densely populated and busy an area is as much as how loud it is — it is not a sound measurement.

Neighborhood noise

Neighborhood crime

Much higher than averagevs. NYC apartment blocks

490

NYPD reports · last 12 mo

≈ per month

Felony151

Misdemeanor233

Violation106

NYPD complaints reported within about 1,000 ft (a few blocks) in the last year, by severity. This reflects what gets reported and where police are active as much as actual safety, and busier, denser, higher-foot-traffic blocks log more. Locations are approximate — the NYPD shifts each report to the nearest corner for privacy — so read this as rough context, not a safety score.

Neighborhood crime

Bedbug history

No bedbugs reported

The owner filed 7 annual bedbug reports and reported no infested units. Filing with zero infestations is the compliant, reassuring case.

Bedbug history

DOB building violations

Active

On record

Active, last 3 yrs

ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED2009-12-31

ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED1995-08-29

ACTIVE · LL6291-LOCAL LAW 62/91 - BOILERS BOILER REQUIRED1993-03-18

DOB building violations

Evictions

Executed, all time

Last 3 years

2024-01-23Apt 2residential

Executed by a city marshal. An eviction can be lawful; a high or rising count is a displacement signal, not proof of wrongdoing.

Evictions

Housing court

No HPD housing-court cases on record for this building.

Housing court

Landlord and related buildings

Registered owner

OVERSEAS PARTNERSHIP CO. INC

Head officer

MAJID KERMANSHAH

Managing agent

Majid Kermanshah

2 other buildings share this owner's registration contacts. Shared contacts suggest common control, but they are not proof of ownership.

57 5 AVENUEMANHATTAN 59 5 AVENUEMANHATTAN

Landlord and related buildings

Unpaid city fines

Balance due (active)

Active violations

Lost by default

DOB violations adjudicated by OATH carry money penalties. "Lost by default" means the owner never appeared at the hearing. An unpaid balance is a stronger "ignoring the city" signal than a raw violation count.

ConstructionClass 22018-12-19$312 penalty

ConstructionClass 22018-12-19$625 penalty

Unpaid city fines

Ownership & money

Recorded sales

Mortgages / refinances

Last recorded sale2001-01-24 · no recorded price

Sale2001-01-24no recorded price

OVERSEAS PARTNERSHIPCOMPANY → OVERSEAS PARTNERSHIPCO., INC.

Sale1985-05-22no recorded price

LEMOLE REALTY CORP, SANTANGELO,GEORGE M.EXE, SANTANGELO, MICHAELDECD → OVERSEAS PARTNRSHP CO

Sale1979-06-15no recorded price

LEMDE, JOSEPH, LEMDE, ROBERT, LEMDE, GERALD, CAIAZZO, LOUISE → LEMDE REALTY CORP

From ACRIS recorded documents. Amounts are often $0 or nominal for transfers between related parties, and LLCs can obscure who is really involved — treat this as public-record context, not a valuation.

Ownership & money

City debt & tax-lien sale

Flagged for the 2025 tax-lien sale

The owner owes enough in property taxes (and possibly water charges) to be listed for the city's tax-lien sale (most recently a 30-day notice). A listing can still be cured by paying or entering a payment plan.

Years listed

2025

Most recent

30-day noticeincl. property tax2025-04-01

60-day noticeincl. property tax2025-03-01

90-day noticeincl. property tax2025-02-01

From DOF lien-sale lists (2019–2025). Financial distress is not proof of neglect, but owners behind on what they owe the city more often let repairs slide. Debt may since have been paid.

City debt & tax-lien sale