United Construction & Development Group
(United Construction and Development Group)
33-33 Prince Street, 4th Floor, Flushing NY 11354
112-15 Northern Blvd, #2 Corona NY 11368
People:
United Construction & Development Group NYC portfolio
$1 billion -development 31%, industrial 17%, O8 11%; Queens 97%, Brooklyn 2%*
224th largest portfolio by dollar value
1,617,666 sqft – O8 25%, elevator 18%, condo 16%; Queens 95%, Brooklyn 4%
303th largest by SF
120 properties – Queens 98%, Brooklyn 1%
47th largest
2,979 residential units – Queens 100%
100th largest by residential units
0 foreclosures, 0 bankruptcies, 88 other court cases.
Notes
New Land Capital is affiliated and shares executives and offices with United Construction & Development Group.
Company Activity past 24 months:
Buyer company: 1 for $64.2 million
Seller company: 2 for $4.4 million
Borrower company: 14 for $501.6 million
Developer (new building or major alteration): 2 for 1,261,954 square feet
Top Ten Associated Companies:
Bank of China (5), New Era Life Insurance (5), iCross Capital (4), Preferred Bank (4), Maxim Capital Group (2), State Bank of Texas (2), Ponce Bank (2), Maspeth Federal Savings and Loan Association (2), New Era Life Insurance Company (2), Maspeth Federal Savings (1)
Top Ten Associated People:
Bill S. Chen (5), Steven A. Tsavaris (2), Sylvia Tseng (2), Lily Guo (2), Jessica Beltran (1), Melody Collins (1), Tianyi Wang (1), Eric Sadkin (1), Simon H. Shin (1), Shurui Li (1)
Recent activity as company:
• United Construction & Development Group borrowed $68 million from Ponce Bank for 131-01 39 Avenue on May 21, 2026.
• United Construction & Development Group and New Land Capital borrowed $18.5 million from Preferred Bank for None on April 21, 2026.
• United Construction & Development Group borrowed $17.9 million from Preferred Bank for 140-28 31 Drive on April 21, 2026.
• United Construction & Development Group borrowed $50 million from iCross Capital for 42-63 23 Street on April 02, 2026.
• United Construction & Development Group borrowed $28.8 million from iCross Capital for None on February 27, 2026.
• United Construction & Development Group borrowed $12.5 million from Maspeth Federal Savings for 41-26 22 Street on December 19, 2025.
• United Construction & Development Group borrowed $50 million from Preferred Bank for 41-80 Main Street on November 18, 2025.
• Madison Realty Capital sold 41-80 Main Street for $64.2 million to United Construction & Development Group on November 18, 2025.
• United Construction & Development Group borrowed $39.5 million from New Era Life Insurance for 41-37 21 Street on November 14, 2025.
• United Construction & Development Group borrowed $40 million from iCross Capital for 42-63 23 Street on July 30, 2025.
Latest Stories:
• United Construction & Development signs $50M refi with iCross for LIC dev site (April 21, 2026)
• iCross refis 71-unit United Construction development in LIC with $28.8M loan (March 12, 2026)
• United Construction & Development signs $40M refi with iCross for LIC dev site (August 20, 2025)
• United Construction & Development files plans for 387-unit project in LIC (August 14, 2025)
• United Construction signs $22.5M refi with New Era for dev site in Sunset Park (July 25, 2025)
Court Records:
Properties: