Since the NYPD is incapable of protecting the public, that gun should be returned to the owner immediately.
The dirty little secret about, "Saturday Night Special," bans is that they target the poor living in high crime areas. Low cost revolvers like Iver Johnson, Rohm, etc. were at one time, the only firearms accessible to lower income, law abiding people living in bad areas that wanted to protect themselves. Yes, they were also used by the criminal element, just like cars, steak knives, crow bars baseball bats, etc.