38-10 33 Street

Owner: Cavu Property Group

Acquired: July 09, 2025, $15.5 million

Debt: July 09, 2025, $14 million

Built: 1930

SF: 5,800

Dwelling units: 0

No. of buildings: 1

Class: Miscellaneous (F9)

Floors: 2

Transactions:

• CAVU Property Group borrowed $14 million from Jay Kestenbaum for 32-20 38th Avenue, Long Island City, Queens on July 09, 2025.

• Jay Kestenbaum sold 32-20 38th Avenue, Long Island City, Queens for $15.5 million to CAVU Property Group on July 09, 2025.

Development:

• CAVU Property Group filed new building job Q01261026 for 81,123 sqft R-2 building with 87 apartments in Long Island City, Queens, on August 04, 2025.

• Tom Bowes filed alteration job Q01328724 for 500 sqft building with 0 apartments in Long Island City, Queens, on December 04, 2025.

• Steven Hurwitz filed alteration job Q01284239 for 2,900 sqft building with 0 apartments in Long Island City, Queens, on November 20, 2025.

• Jay Kestenbaum filed alteration job 402593252 for building in Long Island City, Queens, on May 14, 2007.

Violations:

According to city public data, the properties have received one DOB violation in the last year.

Latest Stories:

• CAVU Property Group pays $34M to Jay Kestenbaum for possible dev site in LIC (July 10, 2025)