Sunlight Development
(Sunlight Development Group, Sunlight Construction)
135-25 Northern Blvd FL. 2 Flushing, NY 11354
201 46th St, Brooklyn, NY 11220
People:
Sunlight Development NYC portfolio
$290.2 million -retail 44%, industrial 19%, elevator 18%; Queens 76%, Brooklyn 23%*
742th largest portfolio by dollar value
362,786 sqft – elevator 55%, industrial 16%, condo 14%; Brooklyn 61%, Queens 38%
1068th largest by SF
17 properties – Queens 88%, Brooklyn 11%
593th largest
218 residential units – Queens 72%, Brooklyn 27%
1089th largest by residential units
0 foreclosures, 0 bankruptcies, 1 other court case.
Company Activity past 24 months:
Buyer company: 5 for $119.9 million
Seller company: 1 for $2.4 million
Borrower company: 5 for $94.2 million
Developer (new building or major alteration): 4 for 234,006 square feet
Top Ten Associated Companies:
S3 Capital (6), Amerasia Bank (5), Spruce Capital (1), CTBC Bank (1), Jeagwan Lim (1), NuVerse Advisors (1), Rui Guan Gao (1), iCross Capital (1), Webster Bank (1)
Top Ten Associated People:
Chi-Jen Hsu (4), Joshua Crane (4), Dov Schlein (2), Jeagwan Lim (1), Stephen Saali (1), Michael Becker (1), Rui Guan Gao (1), Lily Guo (1), Michael Savarese (1)
Recent activity as company:
• Sunlight Development and B Square Realty borrowed $13.5 million from Amerasia Bank for 133-47 39 Avenue on April 23, 2026.
• Sunlight Development Group for Linzhong Zhuo filed plans for major alteration for 51,402 sqft in Greenpoint, Brooklyn, on March 17, 2026.
• Sunlight Development Group for Linzhong Zhuo filed plans for major alteration for 22,697 sqft in Flushing, Queens, on March 12, 2026.
• Sunlight Development borrowed $17.5 million from S3 Capital for 350 Hicks Street on February 18, 2026.
• Madison Realty Capital sold 350 Hicks Street for $33.2 million to Sunlight Development on February 18, 2026.
• Sunlight Development Group for Linzhong Zhuo filed plans for new building for 8,537 sqft in Long Island City, Queens, on January 24, 2026.
• Sunlight Development sold 134-38 35th Avenue, Flushing, Queens for $2.4 million to Rui Guan Gao on November 07, 2025.
• Amerasia Bank sold 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, 134-38 35th Avenue, and others, Flushing, Queens for $6.9 million to Sunlight Development on September 29, 2025.
• Eckstrom NYC and Sunlight Development borrowed $5.5 million from S3 Capital for 181 Baltic Street on April 11, 2025.
• James Garrison and Ann Dougherty sold 181 Baltic Street for $5 million to Eckstrom NYC and Sunlight Development on April 11, 2025.
Latest Stories:
• Sunlight Development pays $33.2M to Madison Realty for dev site in Cobble Hill (March 06, 2026)
• Eckstrom, Sunlight pay $5M to for 4-family in Cobble Hill (April 30, 2025)
• 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 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)
Court Records:
Properties: