Kin Chung Lam
(John Lam)
Lam Group
Owner
202 Centre Street, 6th Floor New York, NY 10013
Lam Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$400.3 million – hotel 76.0%, elevator 21.0%; Manhattan 85.0%, Brooklyn 14.0%
155th largest portfolio by dollar value
1,432,846 sqft – hotel 69.0%, elevator 27.0%;
226th largest by SF
13 properties – Manhattan 84%, Brooklyn 15%
144th largest
192 residential units – Manhattan 100.0%, Bronx 0.0%
607th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $19.2 million
Seller signatory: 4 for $52.6 million
Borrower signatory: 6 for $518.1 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Shanghai Commercial Bank (3), East West Bank (2), Jennifer K. S. Lee (1), Silver Point Capital (1), Webster Apartments (1), New Empire Corp. (1), Deutsche Bank (1), H.I.G. Capital (1), Bank Hapoalim (1), Harlem Community Development Corporation (1)
Top Ten Associated People:
Nim Chi Lau (2), Jennifer K. S. Lee (1), Timothy Chan (1), Roy J. Bernstein (1), Bentley Shang Zhao (1), Aaron Fong (1), Daniel Penn (1), Matt Smith (1), Steven Schwartz (1), Guan Yuan Xie (1)
Recent activity as signatory:
• Lam Group sold 7500 5th Avenue, Bay Ridge, Brooklyn for $2.3 million to Jin Wu Liu on October 28, 2024.
• Lam Group sold 6701 18th Avenue, Bensonhurst, Brooklyn for $6 million to Qi Gui Zhengand Liuyun Lin on July 17, 2024.
• Lam Groupand Exact Capital Group borrowed $148 million from Aareal Capital for 233 West 125th Street, 233 West 125th Street, 233 West 125th Street, 233 West 125th Street, and 233 West 125th Street, Harlem, Manhattan on July 11, 2024.
• Harlem Community Development Corporation sold 233 West 125th Street, 233 West 125th Street, 233 West 125th Street, and 233 West 125th Street, Harlem, Manhattan for $19.2 million to Lam Group on April 24, 2024.
• Lam Group borrowed $41 million from Bank Hapoalim for 216 Duffield Street, Downtown Brooklyn, Brooklyn on April 22, 2024.
• Lam Group borrowed $85 million from Deutsche Bank for 222-228 Duffield Street, Downtown Brooklyn, Brooklyn on February 16, 2024.
• Lam Group borrowed $108.4 million from H.I.G. Capital for 222 Duffield Street and 160 West 25th Street, Downtown Brooklyn, Brooklyn on January 29, 2024.
• Lam Group borrowed $42.5 million from East West Bank for 216 Duffield Street, Downtown Brooklyn, Brooklyn on November 22, 2023.
• Lam Group borrowed $93.2 million from Shanghai Commercial Bank for 215 Pearl Street, Financial District, Manhattan on November 16, 2023.
• Lam Generation sold 229 Duffield Street, Downtown Brooklyn, Brooklyn for $42.2 million to Webster Apartments on June 06, 2023.
Latest Stories:
• Qi Gui Zheng pays $6M to Lam Group for retail in Bensonhurst July 18, 2024
• Lam Group, Exact Capital sign $148M refi loan with Aareal Capital in Harlem July 12, 2024
• Lam Group signs $41M refi loan with Bank Hapoalim for hotel in Downtown Brooklyn April 23, 2024
• Lam Group signs $85M refi for hotel in Downtown Brooklyn, gets $22.5M gap loan February 19, 2024
• Webster Apartments pays $42.2M to Lam Generation for hotel in Downtown Brooklyn June 07, 2023
• JSW Realty pays $6.8M for mixed-use in Chinatown August 31, 2022