United Construction & Development Group
112-15 NORTHERN BLVD, #2 CORONA NY 11368
People:
United Construction & Development Group NYC portfolio
$1 billion* – development 29.0%, industrial 19.0%; Queens 97.0%, Brooklyn 2.0%
167th largest portfolio by dollar value
1,515,451 sqft – O8 27.0%, elevator 20.0%;
214th largest by SF
87 properties – Queens 97%, Brooklyn 2%
101th largest
2,916 residential units – Queens 100.0%, Manhattan 0.0%
61th 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: 1 for $21.4 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), Maxim Capital Group (2), New Era Life Insurance (2), Maspeth Federal Savings and Loan Association (2), State Bank of Texas (2), Young Nian Group (2), New Era Life Insurance Company (2), Valley National Bank (1), Risland Holdings (1)
Top Ten Associated People:
Frank Wong (3), Bill S. Chen (3), Shurui Li (1), Ann S. Wilhelm (1), Tianyi Wang (1), Raymond Qiao (1), Xinyuan Xia (1), Steven J. Borenstein (1), Eric Sadkin (1), Ching Fang Lio (1)
Recent activity as company:
• 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.
• United Construction & Development Group borrowed $27.5 million from New Era Life Insurance for 41-50 21st Street, Long Island City, Queens on February 26, 2024.
• United Construction & Development Group borrowed $31.1 million from State Bank of Texas for 112-15 Northern Boulevard, 112-15 Northern Boulevard, 112-15 Northern Boulevard, 112-15 Northern Boulevard, and 112-15 Northern Boulevard, North Corona, Queens on November 14, 2023.
Court Records:
Properties: