45-40 21 Street
Long Island City, Queens
Parcel ID (BBL): 4000540004
Owner: Century Development Group
Acquired: April 18, 2022, $10 million
Debt: August 18, 2025, $45 million
Built: 2024
Renovated: 2011
SF: 70,500
Dwelling units: 64
No. of buildings: 1
Class: Semi-Fireproof With Stores (D7)
Floors: 6
Legacy BBLs: 4000540001.00000000
Transactions:
• Century Development Group borrowed $45 million from BridgeCity Capital for 11-50 45th Road, Long Island City, Queens on August 18, 2025.
• Lawrence R. Hutzler sold 45-36 21st Street and N/A 46th Avenue, Long Island City, Queens for $10 million to Century Development Group on April 18, 2022.
Development:
• Tracy Law filed alteration job Q01303703 for 100 sqft building with 64 apartments in Long Island City, Queens, on October 28, 2025.
• George Xu filed alteration job Q01275876 for 1 sqft building with 64 apartments in Long Island City, Queens, on August 26, 2025.
• Tracy Law filed alteration job Q01193926 for 70,496 sqft building with 64 apartments in Long Island City, Queens, on March 12, 2025.
• Tracy Law filed alteration job Q01177985 for 4,110 sqft building with 0 apartments in Long Island City, Queens, on February 10, 2025.
• Tracy Law filed alteration job Q00886960 for 820 sqft building with 1 apartments in Long Island City, Queens, on June 12, 2023.
Condominium:
• 21 St Ventures, Llc filed plans CD250353 on October 30, 2025 for 95-unit condominium called Loft 21 Condominium at 11-50 45th Road.
Violations:
According to city public data, the properties have received $2,500 in ECB penalties and $2,550 in OATH penalties in the last year.