43-05 Crescent Street
Long Island City, Queens
Parcel ID (BBL): 4004340008
Owner: Fbl Development
Acquired: March 29, 2023, $10 million
Debt: June 26, 2024, $25.1 million
Built: 2025
SF: 34,300
Dwelling units: 39
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 9
Transactions:
• FBL Development borrowed $25.1 million from Ponce Bank for 43-05/43-11 Crescent Street, Long Island City, Queens on June 26, 2024.
• Weitao Shi and Yong Chen borrowed $6 million from Ponce Bank for 43-05 Crescent Street, Long Island City, Queens on March 29, 2023.
• Antranig Uckardes sold 43-05 Crescent Street, Long Island City, Queens for $10 million to Weitao Shi and Yong Chen on March 29, 2023.
Development:
• Weitao Shi filed new building job Q00889396 for 26,913 sqft R-2 building with 39 apartments in Long Island City, Queens, on July 10, 2023.
• Jarek Iwanczul filed major alteration job 420982226 for 3,462 sqft B building with 1 apartments in Long Island City, Queens, on March 18, 2015.
• Yong Chen filed alteration job Q01398052 for 1 sqft building with 39 apartments in Long Island City, Queens, on June 22, 2026.
• Yong Chen filed alteration job Q01341699 for 26,846 sqft building with 39 apartments in Long Island City, Queens, on January 27, 2026.
• Yong Chen filed alteration job Q01286120 for 1 sqft R-2 building with 38 apartments in Long Island City, Queens, on October 02, 2025.
• Yong Chen filed alteration job Q01184673 for 26,846 sqft building with 39 apartments in Long Island City, Queens, on June 24, 2025.
• Yong Chen filed alteration job Q01184669 for 1 sqft building with 39 apartments in Long Island City, Queens, on March 25, 2025.
Condominium:
• Weitao Shi filed plans CD250223 on July 15, 2025 for 41-unit condominium called Icon Condominium at 25-08 43rd Avenue.
Violations:
According to city public data, the properties have received $62,180 in ECB penalties and $60,330 in OATH penalties in the last year.