Ravinder Chopra, Yuvraj Chopra pay $14.5M for two hotels in Flushing

Ravinder Chopra and Yuvraj Chopra through the entity Flushing Investors Group LLC paid $14.5 million to Nicholas Ryan Huang through the entity Hung Yuen Holdings Inc. for the hotel building (H3) at 133-43 37th Avenue in Flushing, Queens and hotel building (H3) at 133-45 37th Avenue in Flushing, Queens. The expected use is cash flowing.
The deal closed on January 29, 2026 and was recorded on February 10, 2026. The two properties have 19,756 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $731 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Nicholas Ryan Huang was Nicholas Ryan Huang. The signatory for Ravinder Chopra and Yuvraj Chopra was Ravinder Chopra. The contract date was February 1, 2023.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 133-43 37th Avenue.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has records that the buyer Ravinder Chopra purchased one property in one transaction for a total of $15.2 million and has no record it sold any properties over the past 24 months.
The seller Nicholas Ryan Huang had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Nick Huang, head officer and Xiangwei Zhou, officer. The business entity is Hung Yuen Holding Inc.

The property

The hotel building in Flushing has 19,756 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 33 feet and is 125 feet deep with a total lot size of 2,960 square feet. The zoning is C4-2 which allows for up to 3.4 times floor area ratio (FAR) for commercial and up to 2.43 times FAR for residential. The city-designated market value for the property in 2022 is $4.6 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have received $3,000 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Flushing, The bulk, or 45 percent of the 37.7 million square feet of commercial built space are elevator buildings, with specialty buildings next occupying 20 percent of the space. In sales, Flushing has 2.3 times the average sales volume among other neighborhoods with $738.4 million in sales volume in the last two years and is the 3rd highest in Queens. For development, Flushing has 1.8 times the average amount of major developments relative to other neighborhoods and is the 3rd highest in Queens. It had 2.8 million square feet of commercial and multi-family construction under development in the last two years, which represents 7 percent of the neighborhood’s built space.

The block

On the tax block of 133-43 37th Avenue, PincusCo has identified the owners of four of the nine commercial properties representing 25,987 square feet of the 137,618 square feet. The two identified owners are FSA Capital and Jianfei Chen.
On the tax block, there were five new building construction projects totaling 703,275 square feet. The largest is a 150-unit, 204,163 square-foot residential (R-2) building submitted by Jianfei Chen and Lyu Zhongyin and filed by Jianfei Chen with plans filed June 9, 2021 and permitted April 11, 2022. The second largest is a 506-unit, 204,123 square-foot hotel (R-1) building submitted by Yihai Group and filed by Junda Chen with plans filed August 7, 2018 and it has not been permitted yet.

The majority, or 37 percent of the 137,618 square feet of built space are elevator buildings, with industrial buildings next occupying 22 percent of the space.

The buyer

The PincusCo database currently indicates that Ravinder Chopra owned at least three commercial properties with 11 residential units in New York City with 45,275 square feet and a city-determined market value of $8.6 million. (Market value is typically about 50% of actual value.) The portfolio has $24.3 million in debt, borrowed from Preferred Bank and NewBank. Within the portfolio, the bulk, or 69 percent of the 45,275 square feet of built space are hotel properties, with walkup properties next occupying 31 percent of the space. The bulk, or 47 percent of the built space, is in Manhattan, with Brooklyn next at 31 percent of the space.
The PincusCo database currently indicates that Yuvraj Chopra owned at least one commercial property in New York City with 21,490 square feet and a city-determined market value of $4.3 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single hotel property. It is located in Manhattan.

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