Thomas Yu
Executive Director
Asian Americans for Equality
Owner
Asian Americans for Equality NYC portfolio
$310.8 million -elevator 36%, development 33%, walkup 24%; Manhattan 58%, Queens 34%, Brooklyn 7%*
829th largest portfolio by dollar value
373,566 sqft – walkup 48%, elevator 46%, C6 4%; Manhattan 92%, Brooklyn 5%, Queens 1%
1122th largest by SF
29 properties – Manhattan 89%, Queens 6%, Brooklyn 3%
420th largest
445 residential units – Manhattan 92%, Brooklyn 5%, Queens 2%
740th largest by residential units
Person Activity past 24 months:
Borrower signatory: 3 for $49.4 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 (2), Xi Hui Wu (1), NYC Department of Housing Preservation and Development (1), Zhang Wu (1), Xu Zhang Wu (1), Community Preservation Corporation (1), UMB Bank (1)
Top Ten Associated People:
Courtney Branker (1), Gregory M. Messer (1), Zhang Wu (1), Xu Zhang Wu (1), Timothy Martin (1), Christine Retzlaff O’Connell (1)
Recent activity as signatory:
• Asian Americans for Equality borrowed $20.7 million from Enterprise Community Partners for Edgecombe avenue on June 30, 2026.
• 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.
• 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 $12.1 million from Enterprise Community Partners for 345 Ovington Avenue 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.
Latest Stories:
• Asian Americans For Equality signs $79.2M construction loan in Flushing (March 06, 2024)
• Zhang Wu pays $3.6M to AAFE for retail in Jackson Heights (May 15, 2023)
