11-40 45 Road
Long Island City, Queens
Parcel ID (BBL): 4000540006
Owner: Century Development Group
Acquired: March 01, 2021, $1.4 million
Debt: June 09, 2023, $43 million
Built: 2024
Renovated: 2003
SF: 253,474
Dwelling units: 115
No. of buildings: 1
Class: Fireproof – With Stores (D6)
Floors: 7
Transactions:
• Company sold 11-36 45th Road, 11-36 45th Road, 11-36 45th Road, 11-36 45th Road, 11-36 45th Road, and others, Long Island City, Queens for $0 to company on July 01, 2025.
• Company sold 11-40 45th Road, Long Island City, Queens for $0 to company on April 16, 2025.
• Company sold 11-36 45th Road, 45-28 21st Street, and N/A 46th Avenue, Long Island City, Queens for $0 to company on March 14, 2025.
• Century Development Group borrowed $43 million from Bank Hapoalim for 11-36 45th Road, Long Island City, Queens on June 09, 2023.
• GDC Properties sold 11-36 45th Road, 11-21A 46th Avenue, 11-21 46th Avenue, 11-19A 46th Avenue, 11-19 46th Avenue, and others, Long Island City, Queens for $1.4 million to Century Development Group on March 01, 2021.
Development:
• George Xu filed plans for alteration in Long Island City, Queens, on July 30, 2025.
• George Xu filed plans for SC in Long Island City, Queens, on October 31, 2024.
• George Xu filed plans for alteration in Long Island City, Queens, on June 28, 2024.
Violations:
According to city public data, the properties have received $2,500 in ECB penalties and $5,050 in OATH penalties in the last year.