Yong Chen
Owner
Yong Chen portfolio
$3.6 million* – retail 80%, development 19%; Queens 100%, Manhattan 0%
4422th largest portfolio by dollar value
18,310 sqft – retail 100%, development 0%;
4327th largest by SF
5 properties – Queens 100%, Manhattan 0%
1732th largest
51 residential units – Queens 100%, Manhattan 0%
2158th largest by residential units
Person Activity past 24 months:
Buyer signatory: 1 for $21 million
Borrower signatory: 4 for $68.7 million
Developer (new building or major alteration): 13.0 for 43,995 square feet
Top Ten Associated Companies:
Ponce Bank (4), S3 Capital (2), RockFarmer Properties (1), David Koptiev (1), Edward S. Didero Jr. (1)
Top Ten Associated People:
Steven A. Tsavaris (3), Joshua Crane (1), John C. Petras (1), David Koptiev (1), Edward S. Didero, Jr. (1)
Recent activity as company:
• FBL Development borrowed $25.1 million from Ponce Bank for 43-05/43-11 Crescent Street, Long Island City, Queens on June 26, 2024.
• Weitao Shi and Yong Chen borrowed $12.6 million from Ponce Bank for 21-13 31st Street, 21-01 31st Street, 21-07 31st Street, and N/A 21st Avenue, Ditmars Steinway, Queens on November 08, 2023.
• RockFarmer Properties sold 21-13 31st Street, 21-01 31st Street, 21-07 31st Street, and N/A 21st Avenue, Ditmars Steinway, Queens for $21 million to Weitao Shi and Yong Chen on November 08, 2023.
• Weitao Shi and Yong Chen borrowed $6 million from Ponce Bank for 43-05 Crescent Street, Long Island City, Queens on March 29, 2023.
• FBL Development borrowed $25 million from Ponce Bank for 31-16 21st Street, Astoria, Queens on February 17, 2023.
• Yong Chen filed plans for new building for 51,700 sqft in Astoria, Queens, on October 27, 2022.
• Yong Chen filed plans for new building for 390 sqft in Maspeth, Queens, on July 09, 2022.
• Yong Chen borrowed $6.3 million from S3 Capital for 31-16 21st Street, Astoria, Queens on July 05, 2022.
• Edward S. Didero Jr. sold 31-16 21st Street, Astoria, Queens for $10.3 million to Yong Chen on July 05, 2022.
• Yong Chen borrowed $18.8 million from S3 Capital for 80-43 Kew Gardens Road, Kew Gardens, Queens on April 08, 2022.
Latest Stories:
• Weitao Shi pays $10M for industrial in Long Island City (March 30, 2023)
• Yong Chen pays $10.3M for development site in Astoria (July 06, 2022)
• Capital One sells retail bank location in Kew Gardens to David Koptiev for $5M (January 15, 2020)
Properties: