Xiao Jun Chen

(Leon Chen)

Owner

Xiao Jun Chen portfolio

(NYC’s “Market Value,” 50% or less of actual value)

$21.6 million – condo 28.0%, retail 20.0%; Brooklyn 55.0%, Queens 44.0%

1638th largest portfolio by dollar value

130,100 sqft – elevator 36.0%, office 22.0%;

1599th largest by SF

8 properties – Brooklyn 62%, Queens 37%

149th largest

40 residential units – Queens 100.0%, Manhattan 0.0%

758th largest by residential units

0 foreclosures, 0 bankruptcies, 4 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $7.7 million

Seller signatory: 1 for $4.3 million

Borrower signatory: 2 for $20.2 million

Lender signatory: 0 for $0

Developer (new building or major alteration): 2 for 64,569 square feet

Top Ten Associated People:

Aaron Fong (1), Rena Martinolich (1), Frances T. Lutfy (1), John Shi (1), Larry McReynolds (1), Francesco Pizzolla (1), Gabriel Chehebar (1), Jennifer A. Windbeck (1), Paul Borowski (1), David Schwartz (1)

Recent activity as signatory:

• Jackson Group sold 1411 Avenue U, Sheepshead Bay, Brooklyn for $7.7 million to Xiao Jun Chen on May 23, 2024.

• Xiao Jun Chen borrowed $10.2 million from East West Bank for 6025 6th Avenue, Sunset Park, Brooklyn on April 25, 2024.

• Xiao Jun Chen sold 6025 6th Avenue, Sunset Park, Brooklyn for $4.3 million to NYU Langone Hospitals on March 28, 2024.

• Xiao Jun Chen filed plans for new building for 52,817 sqft in Sheepshead Bay, Brooklyn, on March 12, 2024.

• Xiao Jun Chen borrowed $10 million from Cathay Bank for 636 86th Street, Bay Ridge, Brooklyn on October 25, 2023.

• Xiao Jun Chen filed plans for major alteration for 11,752 sqft in Sunset Park, Brooklyn, on July 13, 2023.

• Xiao Jun Chen filed plans for new building for 62,680 sqft in Sunset Park, Brooklyn, on November 01, 2022.

• Xiao Jun Chen borrowed $19 million from East West Bank for 51-24 Roosevelt Anenue, Sunnyside, Queens on August 09, 2022.

• Xiao Jun Chen borrowed $12.8 million from East West Bank for 741 61st Street, Dyker Heights, Brooklyn on May 04, 2022.

• Rena Martinolichand Frances T. Lutfy sold 41-17 Broadway, Astoria, Queens for $2.9 million to company on January 31, 2022.

Litigation:

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