Ted Chen
New World Art Center
New World Art Center portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$18.7 million – elevator 100%; Manhattan 100%, Bronx 0%
1800th largest portfolio by dollar value
73,106 sqft – elevator 100%;
2295th largest by SF
66 residential units – Manhattan 100%, Bronx 0%
731th largest by residential units
3 foreclosures, 0 bankruptcies, 0 other court cases.
Top Ten Associated Companies:
Shanghai Commercial & Savings Bank (1)
Top Ten Associated People:
Timothy Chan (1), Chiu Nam Wu (1)
Recent activity as signatory:
• New World Art Center borrowed $34 million from Shanghai Commercial & Savings Bank for 335 West 35th Street, Hudson Yards, Manhattan on January 28, 2021.
• Ted Chen filed plans for major alteration for 69,891 sqft in Garment District, Manhattan, on January 25, 2013.
Litigation:
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