Amerasia Bank

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Amerasia Bank NYC portfolio

$5.4 million* – retail 100%; Brooklyn 100%, Manhattan 0%

4974th largest portfolio by dollar value

5,700 sqft – retail 100%;

6142th largest by SF

6 foreclosures, 0 bankruptcies, 0 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $5.4 million

Lender company: 13 for $105.1 million

Top Ten Associated People:

Linzhong Zhuo (5), Cun Long Chen (3), Kin Chau Cheng (2), Kyu Heung Park (2), Hang Dong Zhang (2), Xin Xiang Lin (2), Zengwen Ye (2), Calvin Q. Pan (2), Xiang Yang Xia (1), Jia He Chen (1)

Recent activity as company:

• Jackson Group and ACHS Management sold 2147 86th Street, Bensonhurst, Brooklyn for $5.4 million to Amerasia Bank on September 11, 2024.

• Sunlight Development borrowed $7.8 million from Amerasia Bank for 816 58th Street, Sunset Park, Brooklyn on September 11, 2024.

• Xin Xiang Lin and Cun Long Chen borrowed $5 million from Amerasia Bank for 811 45th Street, 811 45th Street, 811 45th Street, 811 45th Street, 811 45th Street, and others, Sunset Park, Brooklyn on August 13, 2024.

• Ken Huang and 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.

• B Square Realty borrowed $12 million from Amerasia Bank for 41-04 27th Street, 41-04 27th Street, 41-04 27th Street, 41-04 27th Street, 41-04 27th Street, and others, Long Island City, Queens on April 04, 2024.

• Yun Gen Yang and Le Ping Yang borrowed $6.5 million from Amerasia Bank for 135-38 Roosevelt Avenue, Flushing, Queens on March 15, 2024.

• Fei Hua Weng and Yin Chou Hu borrowed $5.2 million from Amerasia Bank for 135-21 37th Avenue, Flushing, Queens on August 29, 2023.

• Sunlight Development Group and Xia Zhou borrowed $11.5 million from Amerasia Bank for 49 Ash Street, Greenpoint, Brooklyn on August 01, 2023.

• Cun Long Chen and Xin Xiang Lin borrowed $16 million from Amerasia Bank for 136-29 38th Avenue, Flushing, Queens on July 21, 2023.

• Hang Dong Zhang borrowed $5 million from Amerasia Bank for 24-40 Steinway Street, Astoria, Queens on June 29, 2023.

Latest Stories:

• Amerasia Bank pays $5.4M to Jackson Group, ACHS Management for retail in Bensonhurst (September 12, 2024)

• 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 Development, Linzhong Zhuo sign $12M refi in Flushing (April 29, 2024)

• Yun Gen Yang pays $10.8M for mixed-use in Flushing (March 18, 2024)

• Cun Long Chen files plans for 91K sf commercial building in Flushing (February 15, 2024)

• Sunlight Development Group pays $18.8M for industrial in Greenpoint (August 02, 2023)

• Developer Xin Xiang Lin pays $37.5M to local bank owners for likely dev site in Flushing (July 24, 2023)

• Hang Dong Zhang, Jing An pay $10.7M for hotel in Astoria (March 16, 2023)

• Sunlight Development pays $13M for industrial in Flushing (March 16, 2023)

Court Records:

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Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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