NuVerse Advisors
Lender
152 W. 57th Street 21st Floor New York, NY 10019
People:
NuVerse Advisors NYC portfolio
$359.2 million -office 36%, industrial 24%, elevator 21%; Queens 63%, Manhattan 36%*
688th largest portfolio by dollar value
506,435 sqft – elevator 36%, office 28%, O8 16%; Queens 71%, Manhattan 28%
893th largest by SF
6 properties – Queens 97%, Manhattan 2%
1760th largest
1,538 residential units – Queens 100%
258th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $5.1 million
Borrower company: 1 for $99 million
Lender company: 1 for $50 million
Top Ten Associated Companies:
Metropolitan Commercial Bank (3), Bank Hapoalim (2), Xiang Yu Cao (1), Zhaoyu Jia (1), Jeagwan Lim (1), IDB (1)
Top Ten Associated People:
Xiang Yu Cao (1), Zhaoyu Jia (1), Judy Barnes (1), David Kesselman (1), Jeagwan Lim (1)
Recent activity as company:
• NuVerse Advisors and Sunshine Developers borrowed $99 million from Bank Hapoalim for 26 East 29 Street on January 22, 2025.
• NuVerse Advisors sold 136-18 Maple Avenue, Flushing, Queens for $5.1 million to Xiang Yu Cao on June 10, 2024.
• Sunlight Development borrowed $50 million from NuVerse Advisors for 26 East 29 Street on June 05, 2024.
• NuVerse Advisors borrowed $8.2 million from Metropolitan Commercial Bank for 21-05 31 Avenue on August 10, 2023.
• NuVerse Advisors borrowed $65.3 million from Bank Hapoalim for 11-07 30 Drive on June 20, 2023.
• NuVerse Advisors and Sunlight Development Group sold 136-20 Maple Avenue, Flushing, Queens for $2.2 million to Jeagwan Lim on April 04, 2023.
• NuVerse Advisors sold 136-20 Maple Avenue, Flushing, Queens for $2.1 million to Zhaoyu Jia on February 09, 2023.
• NuVerse Advisors borrowed $19.5 million from Metropolitan Commercial Bank for 972964TH Road, Rego Park, Queens on July 13, 2021.
• NuVerse Advisors borrowed $7 million from Metropolitan Commercial Bank for 972964TH Road, 972964TH Road, 972964TH Road, 972964TH Road, 972964TH Road, and others, Rego Park, Queens on July 13, 2021.
• NuVerse Advisors borrowed $57 million from IDB for None on December 29, 2020.
Latest Stories:
• Xiang Yu Cao pays $5.1M to NuVerse Advisors for commercial condo in Flushing (June 26, 2024)
• Sunlight Dev. signs $50M loan with NuVerse affiliate for resi conversion in NoMad (June 17, 2024)
• Sunlight Dev. signs $65M contract for NoMad office, plans 70-unit conversion (June 03, 2024)
• Goodman Capital gives $23M loan for NoMad office building exiting bankruptcy (February 23, 2024)
• NuVerse, Sunlight submit $161M condo plan for 122 units in Astoria (November 21, 2023)
Properties: