53-50 29 Street
Long Island City, Queens
Parcel ID (BBL): 4002940106
Owner: Innovo Property Group
Acquired: June 26, 2020, $34.1 million
Debt: February 18, 2025, $169 million
Built: 2024
SF: 654,615
Dwelling units: 0
No. of buildings: 2
Class: Heavy Manufacturing (Fireproof) (F1)
Transactions:
• Innovo Property Group borrowed $169 million from Deutsche Bank and Axos Bank for 28-90 Review Avenue, Long Island City, Queens on February 18, 2025.
• Innovo Property Group borrowed $43 million from Deutsche Bank for 28-90 Review Avenue, Long Island City, Queens on June 07, 2023.
• Innovo Property Group borrowed $28.6 million from Starwood Property Trust for 28-90 Review Avenue, Long Island City, Queens on March 24, 2022.
• Innovo Property Group borrowed $25.6 million from Starwood Capital Group for 28-90 Review Avenue, Long Island City, Queens on November 02, 2020.
• Innovo Property Group borrowed $24 million from Granite Point Mortgage Trust for 28-90 Review Avenue, Long Island City, Queens on June 26, 2020.
Development:
• Kelli Incorvaia filed plans for alteration in Long Island City, Queens, on August 13, 2025.
• Andrew Chung filed plans for alteration in Long Island City, Queens, on July 07, 2025.
• Andrew Chung filed plans for alteration in Long Island City, Queens, on July 07, 2025.
• Andrew Chung filed plans for alteration in Long Island City, Queens, on July 07, 2025.
• Andrew Chung filed plans for A3 in Long Island City, Queens, on July 03, 2025.
Violations:
According to city public data, the properties have received four DOB violations, $71,250 in ECB penalties, and $71,300 in OATH penalties in the last year.