55 Market Street, Manhattan, NY 10002
55 Market Street is a 6-story, 10-unit old law tenement building located in the Two Bridges neighborhood, owned by Majid Kermanshah and constructed in 1920. The property has experienced recurring heat and hot water issues, with multiple building-wide complaints filed between December 2024 and March 2024, though inspectors often encountered access issues during their investigations. The building has also faced ongoing rodent problems, with the most recent inspection in July 2025 passing compliance, but showing evidence of rat activity earlier in 2025 and throughout 2024.
Multiple violations related to self-closing doors and building maintenance were identified in 2022-2024, including issues with basement access doors and front entrance doors, though these violations were subsequently closed following corrections. The building's historical records show a pattern of maintenance challenges, particularly regarding its heating system and pest control. There were several Housing Maintenance Code violations in 2024, including an emergency violation in December regarding heat and hot water issues affecting the entire building.
The property has undergone various inspections and received different classifications of violations, including Class A and C violations for various maintenance issues. Notably, the building has shown consistent compliance with bedbug reporting requirements from 2021-2024, with no infestation cases reported during this period. The Department of Buildings records indicate previous concerns about building maintenance, sidewalk safety, and unauthorized conversions, though many of these issues were resolved or dismissed following inspection and review processes.
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Building Characteristics
Total units | 10 |
---|---|
Year built | 1920 |
Total area | 8688 sq ft |
Floors | 6 |
Tax Abatements | None |
Building Class | OLD LAW TENEMENT |

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Key Building Statistics
Included Addresses
- 55 Market St, New York, NY 10002
- 41 Monroe St, New York, NY 10002
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