523 Prospect Place

Brooklyn, NY

BBL 3-01156-0090BIN 3378995

Concern level3 of 4

High

015 active DOB violation(s)
022 open HPD violation(s)
031 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 83 stabilized units with New York State for 2023 — essentially all of the building's 83 apartments.

2018 — 82 units registered2023 — 83

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

1930

Built

Floors

Residential units

Elevator apartments

Type

The building

This building and the landlord's others

This building29 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 B · HAZARDOUSApt 315Issued 2026-07-24

§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE PORCELAIN ENAMEL REGLAZE AT BATHTUB IN THE BATHROOM LOCATED AT APT 315, 3rd STORY, 2nd APARTMENT FROM WEST AT NORTH

Status: Notice issued, not yet certified

CLASS A · NON-HAZARDOUSApt 315Issued 2026-07-24

§ 27-2005 ADM CODE PROPERLY REPAIR WITH SIMILAR MATERIAL THE BROKEN OR DEFECTIVE WOOD FLOOR IN THE ENTIRE APARTMENT LOCATED AT APT 315, 3rd STORY, 2nd APARTMENT FROM WEST AT NORTH

Status: Notice issued, not yet certified

HPD housing-maintenance violations

311 complaints from tenants

All time

Last 12 months

Unsanitary Condition29

Plumbing8

Water Leak6

Heat/Hot Water5

Door/Window1

Paint/Plaster1

Electric1

Flooring/Stairs1

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

Much higher than averagevs. NYC apartment blocks

1316

Noise reports · last 12 mo

110

≈ per month

% from neighbors

Residential573

Street/Sidewalk320

Helicopter179

Unspecified134

Commercial54

Vehicle52

Park3

House of Worship1

311 noise complaints within about 1,000 ft (a few blocks) in the last year. Most reports here are about outdoor noise (mostly residential) — street life and traffic more than neighbors. 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

About averagevs. NYC apartment blocks

226

NYPD reports · last 12 mo

≈ per month

Felony80

Misdemeanor101

Violation45

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

Infested, latest filing

Annual filings

2024–20252 infested · 2 eradicated

2023–20240 infested · 0 eradicated

2022–20230 infested · 0 eradicated

Self-reported by the owner for the year ending each filing. Counts are building-wide and do not say which apartment was affected.

Bedbug history

DOB building violations

Active

On record

Active, last 3 yrs

ACTIVE · FISPHAZ-HAZARDOUS CONDITION (FACADE) FACADE REQUIRED2021-02-11

CYCLE 9A UNSAFE REPORT FILED

ACTIVE · FISP-FACADE SAFETY PROGRAM FACADE REQUIRED2020-02-21

UNSAFE REPORT FILED

ACTIVE · FISPNRF-NO REPORT AND / OR LATE FILING (FACADE) FACADE REQUIRED2018-05-31

FAILED TO FILE FISP CYCLE 8A TECHNICAL REPORT BY 02/21/2017

DOB building violations

Evictions

Executed, all time

Last 3 years

2024-09-03Apt 403residential

2019-05-15Apt 407residential

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

Cases on record

Open now

Tenant-brought

Harassment found

With a judgment

Most cases are tenants taking the owner to court to force repairs. A case is not proof of wrongdoing; a harassment finding or judgment is a court ruling against the owner.

CLOSEDOpened 2025-04-08

Tenant action

Housing court

Landlord and related buildings

Registered owner

523 PROSPECT PLACE, LLC

Head officer

EFSTATHIOS VALIOTIS

Managing agent

ALMA REALTY CORP

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

106-20 SHORE FRONT PARKWAYQUEENS 107-10 SHORE FRONT PARKWAYQUEENS 1415 BRISTOW STREETBRONX 1424 CROTONA PARK EASTBRONX 1428 CROTONA PARK EASTBRONX

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.

Unpaid city fines

Ownership & money

Recorded sales

Mortgages / refinances

Last recorded sale2017-06-22 · no recorded price

Most recent mortgage2024-06-21 · $3,604,000

Mortgage2024-06-21$3,604,000

borrower 523 PROSPECT PLACE, LLC, 523 PROSPECT PLACE HOUSING DEVELOPMENT FUND CORPOR · lender DEUTSCHE BANK AG NEW YORK BRANCH

Mortgage2020-11-02$4,809,235.19

borrower 523 PROSPECT PLACE LLC, 523 PROSPECT PLACE HOUSING DEVELOPMENT FUND CORPOR · lender DEUTSCHE BANK AG NEW YORK BRANCH

Sale2017-06-22no recorded price

523 PROSPECT PLACE, LLC → 523 PROSPECT PLACE HOUSING DEVELOPMENT

Mortgage2015-12-30$4,319,201.43

borrower 523 PROSPECT PLACE, LLC · lender NEW YORK COMMUNITY BANK

Mortgage2010-12-30$1,301,603.08

borrower 523 PROSPECT PLACE, LLC · lender BEECH STREET CAPITAL, LLC

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 2020 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 90-day notice). A listing can still be cured by paying or entering a payment plan.

Years listed

2020

Most recent

90-day noticeincl. property tax2020-02-12

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