41-80 Main Street
Flushing, Queens
Parcel ID (BBL): 4051210020
Owner: United Construction & Development Group
Acquired: December 09, 2025, $64.2 million
Debt: December 09, 2025, $50 million
Built: 1977
Renovated: 1983
SF: 100,500
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 1 to 6 stories (O5)
Floors: 3
Legacy BBLs: 4051210023
Transactions:
• United Construction & Development Group borrowed $50 million from Preferred Bank for 41-60 Main Street, Flushing, Queens on December 09, 2025.
• Madison Realty Capital sold 41-60 Main Street, Flushing, Queens for $64.2 million to United Construction & Development Group on December 09, 2025.
• Madison Realty Capital borrowed $35 million from Knighthead Funding for 41-60 Main Street, Flushing, Queens on July 15, 2024.
• Madison Realty Capital borrowed $15 million from Emigrant Bank for 41-60 Main Street, Flushing, Queens on February 16, 2024.
• Myint Kyaw sold 41-60 Main Street, Flushing, Queens for $80 million to Madison Realty Capital on February 16, 2024.
Development:
• Wai Ying Lam filed alteration job Q01373569 for 4,800 sqft COM building with 0 apartments in Flushing, Queens, on March 20, 2026.
• Hong Chen filed alteration job Q01173310 for 2,616 sqft COM building with 0 apartments in Flushing, Queens, on January 30, 2025.
• Jeffrey Wu filed alteration job Q00552435 for 1 sqft building with 0 apartments in Flushing, Queens, on July 16, 2021.
• Jeffrey Wu filed alteration job Q00454146 for 291 sqft E building with 0 apartments in Flushing, Queens, on June 22, 2021.
• Jindang Cai filed alteration job Q00519967 for 1,770 sqft C building with 0 apartments in Flushing, Queens, on May 12, 2021.
Litigation:
• Myint Kyaw on October 30, 2020, filed a $23.9 million bankruptcy 8-20-73302-reg for 41-60 Main Street that has creditor Bluestone Group.
• Myint Kyaw on July 08, 2020, filed a $95.6 million bankruptcy 8-20-72404-reg for 41-60 Main Street.
• Myint Kyaw on July 08, 2020, filed a $0 bankruptcy 8-20-72407-reg for 41-60 Main Street.
• Myint Kyaw on July 08, 2020, filed a $46.4 million bankruptcy 8-20-72407-reg for 41-60 Main Street.
• Myint Kyaw on July 08, 2020, filed a $95.6 million bankruptcy 8-20-72404-reg for 41-60 Main Street.
Violations:
According to city public data, the properties have received $8,982 in OATH penalties in the last year.