United Construction & Development Group
112-15 NORTHERN BLVD, #2 CORONA NY 11368
People:
United Construction & Development Group NYC portfolio
$1 billion* – development 29%, industrial 19%, condo 19%; Queens 97%, Brooklyn 2%
167th largest portfolio by dollar value
1,515,451 sqft – O8 27%, elevator 20%, industrial 16%;
221th largest by SF
24 properties – Queens 97%, Brooklyn 2%
389th largest
2,950 residential units – Queens 100%
65th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Company Activity past 24 months:
Buyer company: 4 for $166 million
Seller company: 3 for $25.8 million
Borrower company: 13 for $366 million
Developer (new building or major alteration): 3 for 325,696 square feet
Top Ten Associated Companies:
Bank of China (5), Frank Wong (3), Maspeth Federal Savings and Loan Association (2), New Era Life Insurance Company (2), Maxim Capital Group (2), State Bank of Texas (2), Young Nian Group (2), New Era Life Insurance (2), New Land Capital (1), Xiu Qin Shi (1)
Top Ten Associated People:
Bill S. Chen (3), Frank Wong (3), Xiu Qin Shi (1), Avrohom Becker (1), Sami Roth (1), Allen Lackowitz (1), Ching Fang Lio (1), Victor Brown (1), Christopher Gregg (1), Sylvia Tseng (1)
Recent activity as company:
• United Construction & Development Group sold 39-56 58th Street, Woodside, Queens for $2.2 million to Pepe Lam and Elsa Lam on April 14, 2025.
• United Construction & Development Group sold 39-57 57th Street, Woodside, Queens for $2.2 million to company on April 09, 2025.
• United Construction & Development Group borrowed $65 million from New Era Life Insurance Company for 134-03 35th Avenue, Flushing, Queens on February 19, 2025.
• United Construction & Development Group borrowed $25 million from New Era Life Insurance Company for 131-01 Roosevelt Avenue, Flushing, Queens on December 26, 2024.
• United Construction & Development Group borrowed $24 million from Bank of China for 86-55 Queens Boulevard, Elmhurst, Queens on September 10, 2024.
• United Construction & Development Group and Ki Tai Yeung sold 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, 23-15 44th Drive, and others, Long Island City, Queens for $21.4 million to Frank Wong on May 30, 2024.
• Frank Wong sold 6201 6th Avenue and N/A 6th Avenue, Sunset Park, Brooklyn for $21.4 million to United Construction & Development Group and Ki Tai Yeung on May 29, 2024.
• United Construction & Development Group borrowed $52.2 million from State Bank of Texas for 148-22 Archer Avenue, Jamaica, Queens on April 30, 2024.
• United Construction & Development Group borrowed $38.2 million from Maxim Capital Group for 42-50 24th Street, Long Island City, Queens on March 11, 2024.
• Fisher Brothers and Hakim Organization sold 42-50 24th Street, Long Island City, Queens for $57.5 million to United Construction & Development Group on March 06, 2024.
Court Records:
Properties: