These rentals are NYC’s largest without open violations
Silverstein, Blackstone and Glenwood among owners of scot-free properties
Every year, the Office of the Public Advocate puts out a list of NYC’s “worst” landlords, based on the amount of open HPD violations at their buildings.
Given that the landlords that top the list count hundreds of violations across their portfolios, it may seem impossible some can go without open violations. Rental agency RENT BETTA analyzed the city’s rental market to find the largest buildings without any open housing violations as of the end of March.
The analysis looked at registered buildings with at least 10 units, looping in roughly 8,000 properties.
The list reflects the more attentive maintenance of luxury multifamily buildings, which account for many of the properties in the top 10. Additionally, there are two landlords that placed two buildings on the list, including the same landlord represented in both the first and second positions.
Here are the properties, ranked by number of units.
610 West 42nd Street | Silverstein Properties
Silver Towers in Hell’s Kitchen is a 1,169-unit complex, the only property on the list with more than 1,000 units. The amenities at the 60-story building include a health club and 75-foot indoor pool, one of the longest in a residential building in the city.
1 River Place | Silverstein Properties
The second contender belonging to Larry Silverstein’s firm is River Place, another Hell’s Kitchen property. The 921-unit is located less than 500 feet from Silver Towers and boasts many of the same luxury amenities.
8 Spruce Street | Blackstone
The 76-story, 898-unit Frank Gehry-designed rental tower in Lower Manhattan appears to be well serviced by its landlord of just over one year. Towards the end of 2021, Blackstone acquired the luxury rental building from Brookfield and Nuveen for $930 million.
500 East 77th Street | Glenwood Management
Glenwood Management makes an appearance on the list with The Pavilion, an 838-unit property in the Upper East Side. A flagship of the firm, the property includes a 24-hour doorman, a fitness center and an on-site shopping center with a grocery store.
45-45 Center Boulevard | TF Cornerstone
TF Cornerstone’s 41-story, 820-unit building came online in Long Island City a decade ago, one of the crown jewels of its East Coast development portfolio. It also has the distinction of being the largest building in Queens without any open housing violations.
52-03 Center Boulevard | TF Cornerstone
TF Cornerstone makes another Queens-based appearance at 52-03 Center Boulevard, which held its ribbon cutting towards the end of 2021. The 800-unit property was included in a $700 million financing for the firm’s Hunters Point South development.
43-08 Crescent Street | Rockrose
Henry Elghanayan’s Rockrose rounds out the spate of Queens properties in the top 10. The 709-unit luxury apartment building in Long Island City’s Court Square — also known as Linc LIC — reaches 42 stories high and was completed about a decade ago.
1637 Third Avenue | RY Management
RY Management is the titular firm responsible for the Ruppert Yorkville Towers Condominium, footsteps from the Q subway station in the Upper East Side. There are 709 luxury apartments in the property.
151 East 31st Street | Ogden CAP Properties
The third consecutive building boasting exactly 709 units, Ogden CAP Properties’ Windsor Court property was one of Manhattan’s top rental complexes in Manhattan by net operating income at one point, according to an analysis of Department of Finance data from 2014.
550 West 45th Street | Gotham Organization
The Gotham Organization rounds out the top 10 with its Gotham West rental complex in Hell’s Kitchen. The 698-unit property was notable at its opening for its food-first focus, boasting a market at the base of its building and multiple gourmet eateries.