Thomas Yu

Executive Director

Asian Americans for Equality

Owner

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Asian Americans for Equality NYC portfolio

$304.5 million -elevator 37%, development 34%, walkup 22%; Manhattan 57%, Queens 35%, Brooklyn 7%*

672th largest portfolio by dollar value

361,131 sqft – elevator 48%, walkup 46%, C6 4%; Manhattan 91%, Brooklyn 6%, Queens 2%

1027th largest by SF

28 properties – Manhattan 89%, Queens 7%, Brooklyn 3%

340th largest

410 residential units – Manhattan 91%, Brooklyn 6%, Queens 2%

652th largest by residential units

Person Activity past 24 months:

Buyer signatory: 1 for $10.3 million

Borrower signatory: 4 for $119.9 million

Developer (new building or major alteration): 9 for 2,131 square feet

Top Ten Associated Companies:

Local Initiatives Support Corporation (2), Enterprise Community Partners (1), UMB Bank (1), Xi Hui Wu (1), NYC Department of Housing Preservation and Development (1), Zhang Wu (1), Xu Zhang Wu (1), Community Preservation Corporation (1)

Top Ten Associated People:

Courtney Branker (1), Gregory M. Messer (1), Zhang Wu (1), Xu Zhang Wu (1), Christine Retzlaff O’Connell (1)

Recent activity as signatory:

• Asian Americans For Equality borrowed $17 million from Local Initiatives Support Corporation for 345 Ovington Avenue on June 30, 2025.

• Asian Americans for Equality borrowed $11.7 million from Community Preservation Corporation for 73 Avenue C, Alphabet City, Manhattan on March 26, 2025.

• Asian Americans for Equality borrowed $12.1 million from Enterprise Community Partners for 345 Ovington Avenue on May 23, 2024.

• Xi Hui Wu sold 345 Ovington Avenue for $10.3 million to Asian Americans for Equality on May 23, 2024.

• Asian Americans For Equality borrowed $79.2 million from UMB Bank for 133-04 39 Avenue on February 20, 2024.

• AAFE Community Development Fund sold 93-03 Roosevelt Avenue for $3.6 million to Zhang Wu and Xu Zhang Wu on April 21, 2023.

• Neighborhood Restore HDFC borrowed $36.5 million from NYC Department of Housing Preservation and Development for 205 7th Avenue, 207 7th Avenue, 203 7th Avenue, and 201 7th Avenue, Chelsea, Manhattan on June 30, 2022.

• Neighborhood Restore HDFC borrowed $18.7 million from Local Initiatives Support Corporation for 406-08 East 10th Street, 656 East 12th Street, and 533 East 11th Street, East Village, Manhattan on June 30, 2021.

• Thomas Yu filed plans for new building for 21,051 sqft in North Corona, Queens, on October 28, 2015.