NuVerse Advisors
152 W. 57th Street 21st Floor New York, NY 10019
People:
NuVerse Advisors portfolio
$60.3 million* – office 56%, condo 27%; Manhattan 56%, Queens 43%
838th largest portfolio by dollar value
506,435 sqft – elevator 36%, office 28%;
605th largest by SF
42 properties – Queens 97%, Manhattan 2%
240th largest
1,538 residential units – Queens 100%, Manhattan 0%
154th largest by residential units
Company Activity past 24 months:
Seller company: 3 for $9.4 million
Borrower company: 3 for $172.6 million
Lender company: 1 for $50 million
Top Ten Associated Companies:
Metropolitan Commercial Bank (3), Bank Hapoalim (2), Xiang Yu Cao (1), IDB (1), Zhaoyu Jia (1), Jeagwan Lim (1), Sunlight Development (1), Vicki Zhi (1), Linlin Zhuo (1)
Top Ten Associated People:
Xiang Yu Cao (1), Zhaoyu Jia (1), Jeagwan Lim (1), Hanjun Bai (1), Linzhong Zhuo (1), Linlin Zhuo (1), Hen Huang (1), Judy Barnes (1), David Kesselman (1)
Recent activity as company:
• NuVerse Advisors and Sunshine Developers borrowed $99 million from Bank Hapoalim for 89 Madison Avenue, NoMad, Manhattan on January 29, 2025.
• NuVerse Advisors sold 136-18 Maple Avenue, Flushing, Queens for $5.1 million to Xiang Yu Cao on June 25, 2024.
• Sunlight Development borrowed $50 million from NuVerse Advisors for 89 Madison Avenue, NoMad, Manhattan on June 14, 2024.
• NuVerse Advisors borrowed $8.2 million from Metropolitan Commercial Bank for 21-05 31st Avenue, Astoria, Queens on August 11, 2023.
• NuVerse Advisors borrowed $65.3 million from Bank Hapoalim for 30-55 Vernon Boulevard, Astoria, Queens on June 28, 2023.
• NuVerse Advisors and Sunlight Development Group sold 136-20 Maple Avenue, Flushing, Queens for $2.2 million to Jeagwan Lim on May 05, 2023.
• NuVerse Advisors sold 136-20 Maple Avenue, Flushing, Queens for $2.1 million to Zhaoyu Jia on March 16, 2023.
• NuVerse Advisors borrowed $19.5 million from Metropolitan Commercial Bank for 972964TH Road, Rego Park, Queens on July 29, 2021.
• NuVerse Advisors borrowed $7 million from Metropolitan Commercial Bank for 972964TH Road, 972964TH Road, 972964TH Road, 972964TH Road, 972964TH Road, and others, Rego Park, Queens on July 29, 2021.
• NuVerse Advisors borrowed $57 million from IDB for 136-18 Maple Avenue, Flushing, Queens on January 11, 2021.
Latest Stories:
• Xiang Yu Cao pays $5.1M to NuVerse Advisors for commercial condo in Flushing (June 26, 2024)
• Sunlight Dev. signs $50M loan with NuVerse affiliate for resi conversion in NoMad (June 17, 2024)
• Sunlight Dev. signs $65M contract for NoMad office, plans 70-unit conversion (June 03, 2024)
• Goodman Capital gives $23M loan for NoMad office building exiting bankruptcy (February 23, 2024)
• NuVerse, Sunlight submit $161M condo plan for 122 units in Astoria (November 21, 2023)
Properties: