Dae Hyun Yoo pays $3.9M for industrial in Sunnyside

Dae Hyun Yoo through the entity 36 Queens Realty LLC paid $3.9 million to Chansik Cho through the entity Joongang Holdings Usa, Inc for the industrial building (G2) at 43-31 36th Street in Sunnyside, Queens.
The deal closed on February 25, 2026 and was recorded on March 5, 2026. The property has 10,000 square feet of built space and 10,000 square feet of additional air rights for a total buildable of 20,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $390 and the price per buildable square foot is $195 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The seller bought the property on December 27, 2019, for $3.4 million. The signatory for Chansik Cho was Chansik Cho. The signatory for Dae Hyun Yoo was Dae Hyun Yoo. The contract date was December 10, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Dae Hyun Yoo had purchased any other properties and sold one property in one transaction for a total of $4.3 million over the past 24 months.
The seller Chansik Cho had not purchased any other properties and had not sold any properties over the same time period. The 10,000-square-foot property generated revenue of $221,877 or $22 per square foot, according to the most recent income and expense figures.

The property

The industrial building in Sunnyside has 10,000 square feet of built space and 10,000 square feet of additional air rights for a total buildable of 20,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 100 feet and is 100 feet deep with a total lot size of 10,000 square feet. The zoning is M1-4 which allows for up to 2 times floor area ratio (FAR) for manufacturing The city-designated market value for the property in 2022 is $1.5 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received one DOB violation and $2,050 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Sunnyside, The bulk, or 32 percent of the 15.9 million square feet of commercial built space are elevator buildings, with walkup buildings next occupying 29 percent of the space. In sales, Sunnyside has near average sales volume among other neighborhoods with $283.8 million in sales volume in the last two years and is the 8th highest in Queens. For development, Sunnyside has had very little major development activity relative to other neighborhoods.It had 689,182 square feet of commercial and multi-family construction under development in the last two years, which represents 4 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the 13 commercial properties representing 24,900 square feet of the 119,650 square feet. The largest owner is Dajka & Poplawski Registered, followed by Frank Uchalik Jr. and then Marica Donadic.
On the tax block, there was one new building construction project filed totaling 17,003 square feet. It is a 17,003 square-foot industrial (F-1) building submitted by Elizabeth Molinari with plans filed October 1, 2019 and it has not been permitted yet.

The majority, or 80 percent of the 119,650 square feet of built space are industrial buildings, with office buildings next occupying 20 percent of the space.

The buyer

The PincusCo database currently indicates that Dae Hyun Yoo owned at least five commercial properties in New York City with 330,753 square feet and a city-determined market value of $46.5 million. (Market value is typically about 50% of actual value.) The portfolio has $53.7 million in debt, with top three lenders as Woori America Bank, Bank of Hope, and Hanmi Bank respectively. Within the portfolio, the bulk, or 78 percent of the 330,753 square feet of built space are industrial properties, with mixed-use properties next occupying 22 percent of the space. The bulk, or 86 percent of the built space, is in Queens, with Brooklyn next at 14 percent of the space.

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