Xiu Qin Shi

(Shi Xiu Qin)

Owner

Xiu Qin Shi NYC portfolio

$16.7 million -industrial 85%, development 14%; Queens 99%*

3842th largest portfolio by dollar value

5 properties – Queens 100%

2066th largest

3 residential units – Queens 100%

6755th largest by residential units

88 foreclosures, 87 bankruptcies, 5 other court cases.

Top Ten Associated Companies:

United Construction & Development Group (1)

Recent activity as signatory:

• United Construction & Development Group on November 22, 2022 bought a loan with an original principal of $6.7 million from ConnectOne Bank, signed by Neil Minardi, secured by 47-17 90 Street, when owned by Xiu Qin Shi.

Latest Stories:

• Watermark, Rubin Equities sign $210M construction loan with S3 Capital for mixed-use in Sunset Park (March 25, 2025)

• Watermark Capital, Maguire sign two loans totaling $65.5M for Sunset Park dev site (November 25, 2024)

• Watermark sues former Sunset Park dev site owner for $10M (June 18, 2024)

• J&C International Group signs $14M refi with East West Bank for 30-unit condo building in Flushing (September 14, 2023)

• Wing Fung Chau sues California exec over Sunset Park EB-5 plan (September 01, 2023)

• Chengxi Li pays $6.8M for mixed-use in Elmhurst (August 01, 2023)

• Wolfe Landau’s Watermark, Maguire Capital acquire control of large Sunset Park dev site, up to 850K sf (January 13, 2023)

• Jiashu Xu’s United Construction buys $6.7M note secured by vacant land in Elmhurst (December 01, 2022)

• Watermark Capital pays $11.5M to Wing Fung Chau for industrial in Sunset Park (December 13, 2021)

• 90 Queens Inc. obtained financing of $7M from ConnectOne Bank (August 15, 2019)

Court Records:

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Properties:

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