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4

40/42 Market Street Associates Llc

Corporate Owner·3 buildings·19 units
3.4

5 reviews

Highlights

1
Evictions
7
Litigation cases

About 40/42 Market Street Associates Llc

40/42 Market Street Associates Llc is a mixed-profile corporate owner. Across their buildings, tenants rate them 3.4/5 across 5 reviews, with 60% recommending their buildings and 60% approving of them as an owner or associate. Their portfolio records 1 eviction, 1 open violation, and 7 litigation cases. Data last updated October 18, 2026. Associated with 3 buildings and 19 units across Manhattan, 40/42 Market Street Associates LLC is a corporate owner responsible for a portfolio that spans construction eras from the 1900s to the 1910s, reflecting multiple generations of development. The portfolio is concentrated in the Two Bridges neighborhood in Manhattan. The buildings are primarily mid-rise. All of the associated buildings have rent-stabilized apartments. Prospective renters can find building-level ratings, reviews, and open-data records on the associated building pages.

Renter recommendations

-%

Renters recommend associated buildings

-%

Renters approve of this owner or associate

Review summary

Summarized from anonymous rental reviews on Openigloo.

Recent renter reviews for buildings managed by 40/42 MARKET STREET ASSOCIATES LLC reveal a mixed experience. While many appreciate the attractive apartments and favorable locations, issues persist with heat, noise, and cleanliness, particularly in hallways. Some residents cite the noise from nearby bridges and trains as a major drawback. Management receives varied feedback, with some tenants noting responsiveness while others express concerns about owner communication. Overall, while the apartments themselves may be desirable, potential renters should be prepared for noise and maintenance challenges, and weigh these against the unique charm of the properties.

Reviews

Former tenant·just now

Noise, horrible super, issues with heat & water

Pros

Close to F train

Cons

Bridge noise is insanely loud.Especially in the Summer when you need to put in an AC unit. So many issues with not having heat or hot water. Constant construction in the area that is also loud. I can not stress enough how terrible the super Jose is.

Former tenant·Over 1 year ago

Noisy but good location

Pros

Good location and lobby is newly redone

Cons

Subway over the bridge is very loud

Buildings associated with 40/42 MARKET STREET ASSOCIATES LLC

  • 126 1/2 Madison Street
    Rent-stabilized

    126 1/2 Madison Street

    Two Bridges

  • 42 Market Street
    Rent-stabilized

    42 Market Street

    3.4(5)

    Two Bridges

  • 123 Madison Street
    Rent-stabilized

    123 Madison Street

    Two Bridges

126 1/2 Madison Street
Rent-stabilized

126 1/2 Madison Street

Two Bridges

42 Market Street
Rent-stabilized

42 Market Street

3.4(5)

Two Bridges

123 Madison Street
Rent-stabilized

123 Madison Street

Two Bridges

Building ratings

Cleanliness

-

Trash management

-

Pest control

-

Water pressure

-

Heat

-

Neighbors

-

Noise levels

-

Owner responsiveness

-

Cleanliness

-

Trash management

-

Pest control

-

Water pressure

-

Heat

-

Neighbors

-

Noise levels

-

Owner responsiveness

-

Rents and deposits

-

Renters received their security deposits back

-

Electronic rent payments

Open violations

From past 10 years · Updated 5 days ago

Average violations per unit for this owner or associate is better than the city average.

Owner average0.05Violations per unit
NYC average0.81Violations per unit
1Class C
Immediately hazardous

Rodents, pest, mold, inadequate heat or hot water, defective building parts

0Class B
Hazardous

Smoke detector issues, inadequate lighting, no lighting for stairways

0Class A
Non-hazardous

No peephole on a door, no street number on the building, unlawful keeping of animals

0Class I
Missing info

Missing or non-compliant with administrative information orders or filings

FAQs

40/42 Market Street Associates LLC has an average tenant rating of 3.4 out of 5 across 5 reviews.

Buildings managed by 40/42 Market Street Associates LLC average 0.05 open violations per unit, fewer than the citywide average of 0.81.

60% of tenants who reviewed buildings managed by 40/42 Market Street Associates LLC would recommend living there.

40/42 Market Street Associates LLC has 7 housing court litigation cases across their portfolio.

60% of tenants who reviewed a building managed by 40/42 Market Street Associates LLC approve of how it is run.

40/42 Market Street Associates LLC has not appeared on the NYC worst landlords list.

40/42 Market Street Associates LLC owns or manages 3 buildings totalling 19 units.

40/42 Market Street Associates LLC has 1 recorded eviction across their portfolio.

4

40/42 Market Street Associates Llc

Corporate Owner·3 buildings·19 units
3.4

5 reviews

Follow us

For renters

Apartments for rent in NYCRenting tips and resourcesNYC rental market guidesVerified apartment listings in NYCBuildings and owners in NYCOwners in NYCNYC market analysis reports

For landlords

iglooIQListings quality policy

Trending neighborhoods

Apartments in AstoriaApartments in Bedford-StuyvesantApartments in BushwickApartments in ChelseaApartments in Financial DistrictApartments in SohoApartments in Upper East SideApartments in Upper West SideApartments in West VillageApartments in Williamsburg

NYC boroughs

Apartments in BronxApartments in BrooklynApartments in ManhattanApartments in QueensApartments in Staten Island

2-bedroom apartments

2-bedroom apartments in Bronx2-bedroom apartments in Brooklyn2-bedroom apartments in Manhattan2-bedroom apartments in Queens2-bedroom apartments in Staten Island

Support

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Legal

Terms of usePrivacy policyCommunity guidelinesAgency disclosureFair housing disclosureStandard operating procedures
© 2026 Openigloo Inc. All rights reserved.