Thomas Yu
Neighborhood Restore HDFC|Asian Americans for Equality|Asian Americans For Equality|AAFE Community Development Fund
Neighborhood Restore HDFC|Asian Americans for Equality|Asian Americans For Equality|AAFE Community Development Fund portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$20.6 million – mixed-use 69.0%, C6 19.0%; Manhattan 89.0%, Brooklyn 10.0%
1686th largest portfolio by dollar value
29,548 sqft – mixed-use 50.0%, C6 49.0%;
3601th largest by SF
22 properties – Brooklyn 50%, Manhattan 36%
135th largest
86 residential units – Manhattan 69.0%, Brooklyn 30.0%
712th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $10.3 million
Seller signatory: 1 for $3.6 million
Borrower signatory: 2 for $91.3 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 1 for 2,131 square feet
Top Ten Associated Companies:
NYC Department of Housing Preservation and Development (1), UMB Bank (1), Xi Hui Wu (1), Enterprise Community Partners (1), Local Initiatives Support Corporation (1), Zhang Wu (1), Xu Zhang Wu (1)
Top Ten Associated People:
Gregory M. Messer (1), Courtney Branker (1), Zhang Wu (1), Xu Zhang Wu (1)
Recent activity as signatory:
• Thomas Yu filed plans for major alteration for 2,131 sqft in Alphabet City, Manhattan, on August 08, 2024.
• Asian Americans for Equality borrowed $12.1 million from Enterprise Community Partners for 345 Ovington Avenue, Bay Ridge, Brooklyn on June 06, 2024.
• Xi Hui Wu sold 345 Ovington Avenue, Bay Ridge, Brooklyn for $10.3 million to Asian Americans for Equality on June 06, 2024.
• Asian Americans For Equality borrowed $79.2 million from UMB Bank for 133-04 39th Avenue, Flushing, Queens on March 05, 2024.
• AAFE Community Development Fund sold 93-03 Roosevelt Avenue and 93-05 Roosevelt Avenue, Jackson Heights, Queens for $3.6 million to Zhang Wuand Xu Zhang Wu on May 12, 2023.
• Neighborhood Restore HDFC borrowed $36.5 million from NYC Department of Housing Preservation and Development for 205 7th Avenue, 207 7th Avenue, 203 7th Avenue, and 201 7th Avenue, Chelsea, Manhattan on July 14, 2022.
• Thomas Yu filed plans for new building for 79,814 sqft in Flushing, Queens, on November 29, 2021.
• Neighborhood Restore HDFC borrowed $18.7 million from Local Initiatives Support Corporation for 406-08 East 10th Street, 656 East 12th Street, and 533 East 11th Street, East Village, Manhattan on July 20, 2021.
• Thomas Yu filed plans for new building for 21,051 sqft in North Corona, Queens, on October 28, 2015.