Linzhong Zhuo
Managing Principal
Sunlight Development
Developer
201 46th St, Brooklyn, NY 11220
Sunlight Development portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$53 million – office 64%, retail 19%; Manhattan 64%, Queens 34%
899th largest portfolio by dollar value
217,122 sqft – office 67%, elevator 26%;
1095th largest by SF
7 properties – Queens 71%, Manhattan 14%
150th largest
100 residential units – Queens 91%, Brooklyn 9%
698th largest by residential units
Person Activity past 24 months:
Buyer signatory: 6 for $123.5 million
Seller signatory: 0 for $0
Borrower signatory: 7 for $186.6 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 5,000 square feet
Top Ten Associated Companies:
Amerasia Bank (5), S3 Capital (3), Lisa Lam (1), Eastone Equities (1), Linlin Zhuo (1), CTBC Bank (1), Michael Lagoudis (1), Diane Macari (1), Martin Kupferberg (1), Joseph Torres (1)
Top Ten Associated People:
Joshua Crane (3), Chi-Jen Hsu (3), Wai Lee (1), Lisa Lam (1), Stuart Lederer (1), Linlin Zhuo (1), Michael Lagoudis (1), Diane Macari (1), Martin Kupferberg (1), Jose I. Torres Jr. (1)
Recent activity as signatory:
• Sunlight Development borrowed $7.8 million from Amerasia Bank for 816 58th Street, Sunset Park, Brooklyn on September 11, 2024.
• William Chou sold 816 58th Street, Sunset Park, Brooklyn for $9.8 million to Sunlight Development on August 30, 2024.
• Sunlight Development borrowed $50 million from NuVerse Advisors for 89 Madison Avenue, NoMad, Manhattan on June 14, 2024.
• Michael Sklarand Sharan Sklarand Rita Sklar sold 89 Madison Avenue, NoMad, Manhattan for $65 million to Sunlight Development on June 14, 2024.
• Sunlight Development borrowed $92 million from S3 Capital for 138-28 Northern Boulevard, Flushing, Queens on May 06, 2024.
• Ken Huangand Linzhong Zhuo borrowed $12 million from Amerasia Bank for 134-16 35th Avenue, 134-16 35th Avenue, 134-16 35th Avenue, 134-16 35th Avenue, 134-16 35th Avenue, and others, Flushing, Queens on April 26, 2024.
• Linzhong Zhuo filed plans for new building for 5,000 sqft in Flushing, Queens, on October 24, 2023.
• Sunlight Development Groupand Xia Zhou borrowed $11.5 million from Amerasia Bank for 49 Ash Street, Greenpoint, Brooklyn on August 01, 2023.
• Joseph Torres sold 49 Ash Street, Greenpoint, Brooklyn for $18.8 million to Sunlight Development Groupand Xia Zhou on August 01, 2023.
• Daniel Licht sold 78-01 Queens Boulevard, 79-30 Albion Avenue, and N/A Albion Avenue, Elmhurst, Queens for $9.6 million to Sunlight Development Group on July 18, 2023.
Latest Stories:
• Sunlight Development pays $9.8M for mid-construction project in Sunset Park September 03, 2024
• David Aboodi affiliate buys $4.98M note secured by Sunset Park dev site June 25, 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
• Sunlight Development, Linzhong Zhuo sign $12M refi in Flushing April 29, 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
• Sunlight Development Group pays $18.8M for industrial in Greenpoint August 02, 2023