Xiao Jun Chen
(Leon Chen)
Owner
Xiao Jun Chen portfolio
$21.6 million* – condo 28.0%, retail 20.0%; Brooklyn 55.0%, Queens 44.0%
1662th largest portfolio by dollar value
130,100 sqft – elevator 36.0%, office 22.0%;
1619th largest by SF
8 properties – Brooklyn 62%, Queens 37%
1053th largest
40 residential units – Queens 100.0%, Manhattan 0.0%
2412th largest by residential units
0 foreclosures, 0 bankruptcies, 4 other court cases.
Person Activity past 24 months:
Buyer signatory: 1 for $7.7 million
Seller signatory: 1 for $4.3 million
Borrower signatory: 2 for $20.2 million
Developer (new building or major alteration): 15.0 for 73,915 square feet
Top Ten Associated Companies:
East West Bank (3), Cathay Bank (2), Rena Martinolich (1), Frances T. Lutfy (1), NYU Langone Hospitals (1), Jackson Group (1), Capital One (1), Redemptorist Fathers of New York (1), Slate Property Group (1)
Top Ten Associated People:
Aaron Fong (1), Rena Martinolich (1), Frances T. Lutfy (1), John Shi (1), Larry McReynolds (1), Francesco Pizzolla (1), Gabriel Chehebar (1), Jennifer A. Windbeck (1), Paul Borowski (1), David Schwartz (1)
Recent activity as company:
• Jackson Group sold 1411 Avenue U, Sheepshead Bay, Brooklyn for $7.7 million to Xiao Jun Chen on May 23, 2024.
• Xiao Jun Chen borrowed $10.2 million from East West Bank for 6025 6th Avenue, Sunset Park, Brooklyn on April 25, 2024.
• Xiao Jun Chen sold 6025 6th Avenue, Sunset Park, Brooklyn for $4.3 million to NYU Langone Hospitals on March 28, 2024.
• Xiao Jun Chen filed plans for new building for 52,817 sqft in Sheepshead Bay, Brooklyn, on March 12, 2024.
• Xiao Jun Chen borrowed $10 million from Cathay Bank for 636 86th Street, Bay Ridge, Brooklyn on October 25, 2023.
• Xiao Jun Chen filed plans for new building for 62,680 sqft in Sunset Park, Brooklyn, on November 01, 2022.
• Xiao Jun Chen borrowed $19 million from East West Bank for 51-24 Roosevelt Anenue, Sunnyside, Queens on August 09, 2022.
• Xiao Jun Chen borrowed $12.8 million from East West Bank for 741 61st Street, Dyker Heights, Brooklyn on May 04, 2022.
• Rena Martinolich and Frances T. Lutfy sold 41-17 Broadway, Astoria, Queens for $2.9 million to company on January 31, 2022.
• Xiao Jun Chen borrowed $9.1 million from Cathay Bank for 636 86th Street, Bay Ridge, Brooklyn on December 20, 2021.
Latest Stories:
• Xiao Jun Chen pays $7.7M to Jackson Group for retail in Sheepshead Bay (May 24, 2024)
• Azimuth signs $68.9M construction loan for 129 units in Melrose (April 11, 2024)
• Jackson Group pays $4.6M to Parkland Group for retail in Sheepshead Bay (September 12, 2023)
• Westhab pays $13.2M to Slate Property Group for dev site in Rego Park (August 15, 2022)
• Mark Sonnenschein pays $2.2M for two dev parcels in Melrose (February 10, 2022)
• Xiao Jun Chen pays $3.5M to Capital One for retail in College Point (July 23, 2021)
Court Records:
Properties: