Eastern Star Development

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$62.5 million* – development 81%, elevator 18%; Queens 81%, Manhattan 18%

820th largest portfolio by dollar value

67,876 sqft – elevator 100%, development 0%;

2414th largest by SF

2 properties – Manhattan 50%, Queens 50%

2972th largest

82 residential units – Manhattan 100%, Bronx 0%

1615th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

WCInvestment LLC (1), Juan Lin (1), Cathay Bank (1)

Heli Song (1), Jun Kang (1), Juan Lin (1)

• Eastern Star Development borrowed $12.5 million from WCInvestment LLC for 151-45 6th Road, None, Queens on November 30, 2022.

• Eastern Star Development sold 2717 42nd Road, Long Island City, Queens for $6.6 million to company on August 02, 2022.

• Eastern Star Development sold 2717 42nd Road, Long Island City, Queens for $2.7 million to Juan Lin on June 10, 2022.

• Eastern Star Development borrowed $43 million from Cathay Bank for 300 West 30th Street, Chelsea, Manhattan on April 16, 2021.

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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