Andrew Chung
Ceo
Innovo Property Group
1350 6th Ave 17th floor, New York, NY 10019
Innovo Property Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$108.1 million – industrial 40%, condo 30%; Queens 67%, Bronx 32%
512th largest portfolio by dollar value
1,050,462 sqft – condo 62%, industrial 37%;
319th largest by SF
13 properties – Queens 69%, Bronx 30%
144th largest
Other Links:
Person Activity past 24 months:
Buyer signatory: 1 for $6.2 million
Seller signatory: 0 for $0
Borrower signatory: 1 for $43 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 26,582 square feet
Top Ten Associated Companies:
Granite Point Mortgage Trust (2), John Pantanelli (2), Deutsche Bank (1), Harlem Commonwealth Council (1), Valley National Bank (1)
Top Ten Associated People:
John Pantanelli (2), E. Hamil Douglas (1), John A. Taylor (1)
Recent activity as signatory:
• John Pantanelli sold 25-20 Borden Avenue, Long Island City, Queens for $6.2 million to Innovo Property Group on December 24, 2024.
• Andrew Chung filed plans for major alteration for 26,582 sqft in Long Island City, Queens, on February 08, 2024.
• Innovo Property Group borrowed $43 million from Deutsche Bank for 28-90 Review Avenue, Long Island City, Queens on June 07, 2023.
• Andrew Chung filed plans for new building for 36,596 sqft in Hunts Point, Bronx, on September 22, 2022.
• Andrew Chung filed plans for major alteration in Hunts Point, Bronx, on August 16, 2022.
• Andrew Chung filed plans for new building for 682,459 sqft in Long Island City, Queens, on July 15, 2022.
• Andrew Chung filed plans for new building for 22,000 sqft in Long Island City, Queens, on June 28, 2022.
• Andrew Chung filed plans for major alteration for 93,973 sqft in Hunts Point, Bronx, on June 15, 2022.
• Harlem Commonwealth Council sold 1132 Oak Point Avenue, Hunts Point, Bronx for $27.9 million to Innovo Property Group on July 16, 2021.
• Andrew Chung filed plans for new building for 679,638 sqft in Long Island City, Queens, on December 24, 2020.
Latest Stories:
• Innovo pays $6.2M for LIC industrial, in contract since 2020 December 26, 2024
• Innovo Property signs $43M refi for 350K storage project in LIC June 08, 2023
• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point September 08, 2021
• Innovo pays $34.1M to JBL Asset Management for LIC development site June 29, 2020
• Innovo borrows $24M from Granite Point for property acquisition in Long Island City June 29, 2020