Wavecrest Mgmt Group
Managing agent — unlicensed in New York State
12 buildings. 1,015 Class C violations. No state license.
PORTFOLIO GEOGRAPHY
12 buildings.
THE PATTERN
Severely elevated rate.
Wavecrest Mgmt Group averages 84.6 Class C violations per building — 1592% above the catalog-wide 5.0 baseline. Across 12 buildings, the portfolio carries 1,015 Class C violations: conditions HPD classifies as immediately hazardous to life and health. This is not a marginal divergence from peers. It is a structural one.
THE REGULATORY VOID
No license. No exam. No oversight.
Wavecrest Mgmt Group appears on HPD Registration filings tied to 12 buildings containing an estimated 3,290 residential units — and needs no state license to operate. In Florida, a Community Association Manager must pass a state exam, carry a bond, and complete continuing education. In New York, there is no equivalent requirement. There is no public complaint registry, no disciplinary board, and no performance standards.
TOP 12 BUILDINGS
Ranked by Class C violations.
| # | Address | Borough | Class C |
|---|---|---|---|
| 1 | 756 ST ANNS AVENUE | Bronx | 381 |
| 2 | 225 CHERRY STREET | Manhattan | 123 |
| 3 | 810 RIVER AVENUE | Bronx | 80 |
| 4 | 2044 WESTCHESTER AVE | Bronx | 76 |
| 5 | 4179 3RD AVENUE | Bronx | 76 |
| 6 | 1932 BRYANT AVENUE | Bronx | 59 |
| 7 | 1180 FULTON AVENUE | Bronx | 57 |
| 8 | 21 PRESCOTT PLACE | Brooklyn | 42 |
| 9 | 980 WESTCHESTER AVENUE | Bronx | 38 |
| 10 | 491 GERARD AVENUE | Bronx | 36 |
| 11 | 530 EXTERIOR STREET | Bronx | 24 |
| 12 | 750 EAST 134TH STREET | Bronx | 23 |
Source: HPD Violations (NYC Open Data). Class C = immediately hazardous.
RIGHT OF REPLY