47-58 31 Place

Owner: Madison Capital

Debt: February 23, 2026, $10 million

Built: 1922

Renovated: 2010

SF: 573,224

Dwelling units: 0

No. of buildings: 1

Class: Office with Comm — 1 to 6 stories (O5)

Floors: 6

Transactions:

• Madison Capital and Savanna borrowed $10 million from Blackstone Group for 31-00 47th Avenue, Long Island City, Queens on February 23, 2026.

Development:

• Peter O’Farrill filed major alteration job 420663419 for 105,215 sqft F-2 building in Long Island City, Queens, on February 05, 2018.

• Gregory Jaffe filed major alteration job 421233338 for 105,215 sqft F-2 building in Long Island City, Queens, on December 02, 2015.

• Theodora Nicolacopoulos filed alteration job Q01391423 for 133,089 sqft B building with 0 apartments in Long Island City, Queens, on May 06, 2026.

• Theodora Nicolacopoulos filed alteration job Q01375124 for 3,826 sqft F-2 building with 0 apartments in Long Island City, Queens, on April 24, 2026.

• Theodora Nicolacopoulos filed alteration job Q01100685 for 43,517 sqft 56 building with 0 apartments in Long Island City, Queens, on April 14, 2025.

• Theodora Nicolacopoulos filed alteration job Q01100962 for 43,517 sqft 56 building with 0 apartments in Long Island City, Queens, on April 14, 2025.

• Theodora Nicolacopoulos filed alteration job Q01101607 for 43,517 sqft 56 building with 0 apartments in Long Island City, Queens, on April 14, 2025.

Violations:

According to city public data, the properties have received three DOB violations and $2,550 in OATH penalties in the last year.