23-02 Borden Avenue
Long Island City, Queens
Parcel ID (BBL): 4000680038
Owner: Innovo Property Group
Acquired: August 13, 2021, $13.2 million
Debt: August 02, 2022, $304.6 million
Built: 2022
SF: 777,258
Dwelling units: 0
No. of buildings: 1
Class: Miscellaneous (E9)
Floors: 5
Transactions:
• Company sold 23-30 Borden Avenue, Long Island City, Queens for $0 to company on August 12, 2024.
• Innovo Property Group and Nan Fung Group and Atalaya Capital Management borrowed $304.6 million from JPMorgan Chase for 23-30 Borden Avenue, Long Island City, Queens on August 02, 2022.
• Company sold 23-30 Borden Avenue, Hunters Point/Long Island City, Queens for $0 to company on September 23, 2021.
• Innovo Property Group sold 23-30 Borden Avenue, Long Island City, Queens for $13.2 million to PIMCO on August 13, 2021.
• Nan Fung Group borrowed $93 million from Starwood Capital Group for 23-30 Borden Avenue, Long Island City, Queens on March 12, 2021.
Development:
• Stephen Kim filed plans for alteration in Long Island City, Queens, on April 14, 2025.
• Stephen Kim filed plans for alteration in Long Island City, Queens, on April 14, 2025.
• Stephen Kim filed plans for alteration in Long Island City, Queens, on April 14, 2025.
• Stephen Kim filed plans for alteration in Long Island City, Queens, on April 14, 2025.
• Stephen Kim filed plans for alteration in Long Island City, Queens, on December 20, 2024.
Violations:
According to city public data, the properties have received three DOB violations, $30,600 in ECB penalties, and $30,900 in OATH penalties in the last year.