Andrew Chung
(Chung Andrew)
Ceo
Innovo Property Group
1350 6th Ave 17th floor, New York, NY 10019
Innovo Property Group NYC portfolio
$1.3 billion -development 49%, industrial 25%, condo 24%; Queens 77%, Bronx 22%*
183th largest portfolio by dollar value
1,050,462 sqft – condo 62%, industrial 37%; Queens 71%, Bronx 28%
466th largest by SF
9 properties – Queens 69%, Bronx 30%
1105th largest
Person Activity past 24 months:
Buyer signatory: 2 for $41.4 million
Borrower signatory: 1 for $169 million
Developer (new building or major alteration): 26 for 141,748 square feet
Top Ten Associated Companies:
John Pantanelli (3), Granite Point Mortgage Trust (2), Deutsche Bank (2), Valley National Bank (1), Harlem Commonwealth Council (1), Axos Bank (1)
Top Ten Associated People:
John Pantanelli (3), E. Hamil Douglas (1), Christopher Harris (1), R. Chris Jones (1), Thomas Constantine (1), John A. Taylor (1)
Recent activity as signatory:
• John Pantanelli sold 25-20 Borden Avenue for $35.2 million to Innovo Property Group on June 26, 2025.
• Innovo Property Group borrowed $169 million from Deutsche Bank and Axos Bank for 53-50 29 Street on February 05, 2025.
• John Pantanelli sold 25-20 Borden Avenue for $6.2 million to Innovo Property Group on December 05, 2024.
• Innovo Property Group borrowed $43 million from Deutsche Bank for 53-50 29 Street on May 31, 2023.
• Andrew Chung filed plans for new building for 22,000 sqft in Long Island City, Queens, on June 28, 2022.
• Harlem Commonwealth Council ground leased 1132 Oak Point Avenue valued at $27.9 million to Innovo Property Group on July 08, 2021.
• Andrew Chung filed plans for new building for 679,638 sqft in Long Island City, Queens, on December 24, 2020.
• John Pantanelli sold 25-20 Borden Avenue for $0 to Innovo Property Group on August 07, 2020.
• Innovo Property Group borrowed $24 million from Granite Point Mortgage Trust for 53-50 29 Street on June 23, 2020.
• Innovo Property Group borrowed $20 million from Valley National Bank for 1132 Oak Point Avenue on February 21, 2020.
Latest Stories:
• Innovo Property pays $35.2M for 85% of LIC property (July 21, 2025)
• Innovo signs $169M construction loan for LIC logistics (February 19, 2025)
• Innovo pays $6.2M for LIC industrial, in contract since 2020 (December 26, 2024)
• Innovo Property signs $43M refi for 350K storage project in LIC (June 08, 2023)
• CenterPoint pays $119M to Innovo Property Group for warehouse in Hunts Point (September 08, 2021)
• Innovo pays $18M for air rights in Long Island City (March 15, 2021)
• Innovo pays $34.1M to JBL Asset Management for LIC development site (June 29, 2020)