88 5 Avenue
Brooklyn · 11217 · BBL 3009340045 · look up another building
A company took title here in April 24, 2025, for a stated $7.2M.
Most recent filing on this building: a violation, September 15, 2026
88 5 Avenue is a mixed residential and commercial building in Boerum Hill, Brooklyn, ZIP 11217. City records date it to 1920 and count 6 apartments, inside 7 units in all. The city's property file lists the owner of record as TOWNHOUSE RENTAL VII, L.L.C. Its total assessed value is $739K, for the 2026 tax year.
DHCR registration lists 4 rent-stabilized units here in 2022, but that is the building and not your apartment. The state will send you your own rent history free, and it is the only binding answer on what you should be paying.
Who owns 88 5 Avenue
The most recent recorded deed is dated Apr 24, 2025, transferring the lot to TOWNHOUSE RENTAL VII LLC for a stated $7.2M. PulseCities holds 1 recorded deed for this lot. Deeds recorded through September 29, 2026, the most recent day the city has published.
A deed names a party of record. Stated consideration of $0 usually marks a transfer between related parties rather than a sale.
The November 1 report on this block
On the first of every month we email one page about tax block 934 in Brooklyn, the block 88 5 Avenue is on. It lists what was filed there that month, then where the block stands. As of today, that part reads:
- 4 buildings changed hands in the last twelve months, across 5 recorded deeds.
- The block holds 61 parcels and 2,468 residential units.
Anything filed on 88 5 Avenue itself comes the next morning.
Sales and ownership history at 88 5 Avenue
| Party recorded | Recorded | Amount |
|---|---|---|
| Incref Investments CB Term Seller LLCASST from AMERICAN LIFE & SECURITY CORP | Apr 24, 2025 | |
| Incref Investments CB Term Seller LLCASST from AMERICAN LIFE & SECURITY CORP | Apr 24, 2025 | |
| Townhouse Rental VII LLCDEED from 88 5 AVE LLC | Apr 24, 2025 | $7.2M |
Deeds and assignments recorded in ACRIS, one row per document. Amount is the stated consideration; $0 often marks a non-arms-length transfer. An assignment moves a lender's paper and is not a sale. Source: NYC ACRIS, current through September 29, 2026.
Taxes and assessed value for 88 5 Avenue
The city's Department of Finance assessed this lot at $739K for the 2026 tax year. That works out to $123K per residential unit. Assessed value is what the city taxes, not what the building would sell for, and the two routinely differ by a wide margin. The bill itself turns on the tax class rate and on any exemptions or abatements attached to the lot, neither of which is published here.
No executed evictions at 88 5 Avenue
No executed eviction is on record at 88 5 Avenue in the citywide marshal file, which runs from April 2024.
Rent stabilization at 88 5 Avenue
DHCR registration records list 4 rent-stabilized units at this building in 2022, the most recent year PulseCities holds. Registration is building-level and does not settle the status of any single apartment; the rent history does. Checking your own apartment starts with the free rent history from the state. That is the only binding answer, and it takes time to come back. While you wait, you can get an email when the record here moves: a deed, an eviction, a permit or a violation filed on this building. How to check rent-stabilized status →
Open code violations at 88 5 Avenue
HPD and DOB inspectors have written 1 violation against this building, of which 1 remains unresolved. That is about typical for buildings its size in 11217. The most serious open grade here is hazardous, with 1 open violation.
If you own or manage this building, violationscout.com shows what it takes to clear these, from the date each one has to be certified by to how a correction gets filed. It is a paid site, built by the same person as this one.
Classes run A (non-hazardous) to C (immediately hazardous); DOB class I carries a vacate order. Source: NYC HPD violations, current through October 10, 2026.
Violation history at 88 5 Avenue
| Violation | Issued | Class |
|---|---|---|
| Remove the accumulation of refuse and/or rubbish and maintain in a clean condition the at front yardNov Certified On Time | Sep 15, 2026 | B |
The 1 most recent violations written against this building, newest first. Each row is the inspector's own wording with the statute citation removed. Source: NYC HPD violations, current through October 10, 2026.
311 complaint history at 88 5 Avenue
27 complaints in the past 12 months
NYC 311 housing and building complaints logged for this address. Source: NYC 311, current through October 10, 2026.
How 88 5 Avenue compares in 11217
PulseCities tracks 3,994 lots in 11217, of which 56 carry an executed eviction from the marshal record, which starts in April 2024, and 282 carry a deed from the shorter ACRIS window. 11217 scores 30.6 out of 100 for displacement pressure, 88 of 177 scored NYC ZIP codes. The full signal breakdown for Boerum Hill →
What else this owner holds
Townhouse Rental VII LLC took title to 8 other buildings in the deed record. A shared buyer on a deed is a fact about the filing, not proof that one operation runs them all:
Questions about 88 5 Avenue
Who owns 88 5 Avenue?
The most recent deed on file for 88 5 Avenue names TOWNHOUSE RENTAL VII LLC. Deeds record the party that took title, which is often a holding company rather than the operator managing the building. That deed was recorded Apr 24, 2025.
How much did 88 5 Avenue sell for?
The most recent deed states a consideration of $7.2M, recorded Apr 24, 2025 in ACRIS. Stated consideration is what the parties filed, and it can differ from the economics of the deal.
Have there been evictions at 88 5 Avenue?
No executed eviction at 88 5 Avenue appears in the NYC evictions dataset, which PulseCities holds from April 2024 forward. Executed evictions are the end of the process, so a building with none may still have active housing court cases.
Is 88 5 Avenue rent stabilized?
DHCR registrations list 4 stabilized units at this building in 2022. Registration is building-level, so it does not settle whether one apartment is stabilized. The free rent history from NYS Homes and Community Renewal does.
What is 88 5 Avenue assessed at for property taxes?
The Department of Finance assessed the lot at $739K for the 2026 tax year. That is the figure the city taxes rather than a sale price, and the bill depends on the tax class rate and on any exemptions on the lot.
What is the displacement risk around 88 5 Avenue?
11217 (Boerum Hill) scores 30.6 out of 100 on the PulseCities displacement index. The score reads five ZIP-level signals: LLC acquisition rate, permit intensity, 311 complaint volume, executed evictions, and serious HPD violations. It describes the area around the building, not the building itself.
Look up another building
Sourced from NYC public records: ACRIS deeds, DOB permits, the NYC evictions dataset, and 311. Records reflect what agencies have published and can lag events.