49-08 5 Street
Long Island City, Queens
Parcel ID (BBL): 4000170001
Owner: Vorea Group
Acquired: October 01, 2021, $88.5 million
Debt: January 07, 2022, $220 million
Built: 2022
SF: 559,203
Dwelling units: 499
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 12
HPD Ownership Registration Information
Last registered: 2025-06-23 (expires 2026-09-01)
50Th & 5Th Lic Holdco Llc
Corporate Owner
120 BROADWAY 1340 New York, NY, 10271
Aaron Amitin
Officer
120 BROADWAY 1340 New York, NY, 10271
Ad Diversified Management Llc
Agent
120 BROADWAY 1340 New York, NY, 10271
Tony Kim
Site Manager
Transactions:
• Vorea Group borrowed $220 million from Wells Fargo for 2-33 50th Avenue, Long Island City, Queens on January 07, 2022.
• Fortress Storage sold 2-33 50th Avenue, Hunters Point/Long Island City, Queens for $88.5 million to Vorea Group on October 01, 2021.
• Fortress Storage sold 12086 50th Avenue, Queens, Queens for $0 to Vorea Group on October 09, 2020.
Development:
• VOREA Group filed new building job Q00564746 for 443,449 sqft R-2 building with 499 apartments in Long Island City, Queens, on August 19, 2021.
• Peter Papamichael filed alteration job Q01349664 for 2 sqft building with 499 apartments in Long Island City, Queens, on February 04, 2026.
• Kay Rigaud filed alteration job Q01319312 for 1,058 sqft R-2 building with 499 apartments in Long Island City, Queens, on December 15, 2025.
• Peter Papamichael filed alteration job Q01284289 for 1,146 sqft R-2 building with 499 apartments in Long Island City, Queens, on September 16, 2025.
• Peter Papamichael filed alteration job Q01264394 for 11 sqft building with 501 apartments in Long Island City, Queens, on September 02, 2025.
• Peter Papamichael filed alteration job Q01264397 for 11 sqft building with 501 apartments in Long Island City, Queens, on September 02, 2025.
Violations:
According to city public data, the properties have received $15,000 in ECB penalties, four housing violations, and $15,125 in OATH penalties in the last year.