Xiaorong Zhai
President
Jade Century Properties
Developer, Owner
Jade Century Properties portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$20.2 million – elevator 79%, development 20%; Queens 100%, Manhattan 0%
1713th largest portfolio by dollar value
551,193 sqft – elevator 100%, development 0%;
549th largest by SF
2 properties – Queens 100%, Manhattan 0%
155th largest
452 residential units – Queens 100%, Manhattan 0%
403th largest by residential units
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 0 for $0
Borrower signatory: 2 for $131 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Jade Century Properties (1), East West Bank (1), Centennial Bank (1)
Top Ten Associated People:
Hiu Lo Wong (1)
Recent activity as signatory:
• Jade Century Properties borrowed $30 million from East West Bank for 98-10 63rd Road, Rego Park, Queens on March 11, 2024.
• Jade Century Properties borrowed $101 million from Jade Century Properties for 131-02 40th Road, Flushing, Queens on December 05, 2023.
• Xiaorong Zhai filed plans for new building for 421 sqft in Flushing, Queens, on January 03, 2022.
• Peter Huang borrowed $101 million from Centennial Bank for 131-02 40th Road, Flushing, Queens on September 23, 2021.