131-02 40 Road
Queens
Parcel ID (BBL): 4050660151
Acquired: November 14, 2025, $32 million
Debt: March 17, 2026, $110 million
Built: 2020
SF: 552,699
Dwelling units: 0
No. of buildings: 2
Class: Luxury Type – Built After 1960 (H2)
Legacy BBLs: 4050660150.00000000
Transactions:
• Hiwin Group USA and McSam Hotel Group borrowed $110 million from Maxim Capital Group for 131-02 40th Road, Flushing, Queens on March 17, 2026.
• Jade Century Properties, Maohua Dong and Yong Qiu sold 131-02 40th Road, Flushing, Queens for $32 million to Hiwin Group USA on November 14, 2025.
Development:
• Fari Hama filed alteration job Q01382858 for 1,000 sqft building with 0 apartments in Flushing, Queens, on April 15, 2026.
• Levi Lin filed alteration job Q01380117 for 347,061 sqft R-1 building with 816 apartments in Flushing, Queens, on April 01, 2026.
• Harry Song filed alteration job Q01336164 for 160 sqft R-2 building with 800 apartments in Flushing, Queens, on December 18, 2025.
• Harry Song filed alteration job Q01318545 for 1 sqft building with 162 apartments in Flushing, Queens, on November 19, 2025.
• Harry Song filed alteration job Q01310236 for 1 sqft building with 162 apartments in Flushing, Queens, on November 05, 2025.
Litigation:
• Xiting Lin filed a $8.5 million lawsuit 704239/2026 against Jade Century Properties on February 12, 2026,seeking a money judgment related to contractat 131-02 40 Road.
• Xiting Lin filed a $8.5 million lawsuit 704239/2026 against Jade Century Properties on February 12, 2026,seeking a money judgment related to contractat 131-02 40 Road.
• Xiting Lin filed a $8.5 million lawsuit 704239/2026 against Jade Century Properties on February 12, 2026,seeking a money judgment related to contractat 131-02 40 Road.
• Xiting Lin filed a $8.5 million lawsuit 704239/2026 against Jade Century Properties on February 12, 2026,seeking a money judgment related to contractat 131-02 40 Road.
• Xiting Lin filed a $8.5 million lawsuit 704239/2026 against Jade Century Properties on February 12, 2026,seeking a money judgment related to contractat 131-02 40 Road.
Condominium:
• Flushing Point Property Llc filed plans CD220077 on April 04, 2022 for 569-unit condominium called Longfield at 131-02 40th Road.
Violations:
According to city public data, the properties have received one DOB violation, $6,250 in ECB penalties, and $6,715 in OATH penalties in the last year.