CAVU Property files 3 plans with 253 units in LIC
CAVU Property Group 3-property development site (Credit - Google Earth)
CAVU Property Group filed three New York City Department of Buildings new building plans for three parcels in Long Island City. The firm purchased two of the lots in June 2025 for a total of $34 million. The third lot, with an address 32-08 38th Avenue, does not yet reflect a sale on public property records, but CAVU states in the filing its entity is the owner.
For all three projects, Steven Hurwitz of CAVU submitted the plans, and the architect is JFA Architects & Engineers.
In the first, CAVU Property Group through the entity Nostrand Land LLC submitted a new building construction project for an 87-unit, 81,123 square-foot residential (R-2) building at 38-10 33rd Street in Long Island City, Queens. The plan was filed with the New York City Department of Buildings on August 4, 2025 under job number Q01261026. It calls for the construction of a 13-story building. The project is described in the filing as: proposed thirteen story residential building, total of 87 dwelling units.
In the second, CAVU Property Group through the entity Nostrand Land LLC submitted a new building construction project for an 84-unit, 82,274 square-foot residential (R-2) building at 38-11 32nd Street in Long Island City, Queens. The plan was filed with the New York City Department of Buildings on August 4, 2025 under job number Q01261008. It calls for the construction of a 13-story building. The project is described in the filing as: thirteen-story residential building with 84 dwelling units.
In the third, CAVU Property Group through the entity Nostrand Land LLC submitted a new building construction project for an 82-unit, 78,510 square-foot residential (R-2) building at 32-08 38th Avenue in Long Island City, Queens. The plan was filed with the New York City Department of Buildings on August 4, 2025 under job number Q01261032. It calls for the construction of a nine-story building. The project is described in the filing as: proposed 9-story mixed use building with 82 dwelling units.
38-10 33rd Street
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | floor | comment | description | persons_permitted | occupancy_label | zoning_use | dwelling_units |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | Cellar | METER & MECHANICAL ROOMS, | Mechanical and/or electrical equipment room | 7 | Factory and Industrial | ||
| 2 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | Cellar | TENANT AMENITY -FITNESS CENTER #2 | Apartment | 30 | Residential | ||
| 3 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | BICYCLE STORAGE | Storage of non combustible Materials | 2 | Storage | ||
| 4 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | PASSIVE OUTDOOR RECREATION SPACE | Apartment | 13 | Residential | ||
| 5 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | ACCESSORY MANAGEMENT OFFICE | Apartment | 3 | Residential | ||
| 6 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | TENANT AMENITY ROOMS (ARCADE , GOLF, KIDS PLAYROOM) | Apartment | 19 | Residential | ||
| 7 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | COMPACTOR ROOM | Mechanical and/or electrical equipment room | 2 | Factory and Industrial | ||
| 8 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 1 | PARKING GARAGE - SEVEN CARS | Parking Garage | 26 | Storage | ||
| 9 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | Mezzanine - 1 | PARKING MEZZANINE - TEN CARS | Parking Garage | 28 | Storage | ||
| 10 | acris | 08/06/2025 05:31 AM | acris | 08/06/2025 05:31 AM | 2 | SIX (6) CLASS A DWELLING UNITS | Apartment | 0 | Residential | 6 |
The neighborhood
In Long Island City, The bulk, or 32 percent of the 60.1 million square feet of commercial built space are industrial buildings, with elevator buildings next occupying 31 percent of the space. In sales, Long Island City has near average sales volume among other neighborhoods with $1 billion in sales volume in the last two years and is the highest in Queens. For development, Long Island City is the 9th most active neighborhood among other neighborhoods. It had 5.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 9 percent of the neighborhood’s built space.
The block
On this tax block, PincusCo has identified the owners of four of the eight commercial properties representing 80,849 square feet of the 85,109 square feet. The largest owner is Aidi Xu, followed by CAVU Property Group and then Yitzchok Katz. On the tax block, there were three new building construction projects totaling 241,907 square feet. The largest is a 84-unit, 82,274 square-foot residential (R-2) building submitted by Steven Hurwitz with plans filed August 4, 2025 and it has not been permitted yet. The second largest is a 87-unit, 81,123 square-foot residential (R-2) building submitted by Steven Hurwitz with plans filed August 4, 2025 and it has not been permitted yet.
The owner
The PincusCo database currently indicates that CAVU Property Group owned at least 11 commercial properties with 304 residential units in New York City with 124,385 square feet and a city-determined market value of $8.8 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 46 percent of the 124,385 square feet of built space are D7 properties, with industrial properties next occupying 29 percent of the space. The bulk, or 60 percent of the built space, is in Brooklyn, with Queens next at 29 percent of the space.
The surrounding
Within a 400-foot radius of 38-10 33 Street, PincusCo identified nine commercial real estate items of interests occurred over the past 24 months. Of those nine items, three were in new building development. There were three new building permit applications. The most recent of these three items was a filing on August 4, 2025 for a 173,362-square-foot residential (R-2) building with 84 residential units at 38-11 32nd Street. Of those nine items, two were sales above $5 million totaling $25.1 million. The most recent of the two was CAVU Property Group which bought the 30,000-square-foot, one-unit industrial (F9) on 38-18 33rd Street for $18.5 million from Jay Kestenbaum on July 9, 2025. Of those nine items, four were loans above $5 million totaling $103 million. The most recent of the four was CAVU Property Group in which borrowed $5 million from Jay Kestenbaum secured by the 30,000-square-foot, one-unit industrial (F9) on 38-18 33rd Street on July 9, 2025.
Direct link to the property’s ACRIS page and link to DOB NOW portal.
Direct link to the property’s ACRIS page