United Construction and Development Group’s Chris Jiashu Xu borrows $25M from Bank Hapoalim for property in Flushing

May 14, 2020 7:38 am

United Construction and Development Group’s Chris Jiashu Xu through the entity New Sanford Estate DE, LLC as borrower signed a loan agreement with lender Bank Hapoalim valued at $25 million for 1 parcel, including the tax class land not zoned residential or Manhattan below 110th Street (V1) at 131-01 Roosevelt Avenue in Flushing. The deal closed on May 4, 2020 and was recorded on May 13, 2020.

The last time the property sold was December 2, 2016, for $64,882,140.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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