Yufeng Sun (authorized signatory) pays $21M to Bo Jin Zhu for bankrupted property in East Harlem

Yufeng Sun as authorized signatory through the entity North Capital Investments LLC paid Bo Jin Zhu’s 1989 3Ave LLC $20.8 million for 1985 3rd Avenue in East Harlem. The deal closed on November 4, 2019, and was recorded on November 12, 2019. The parcel(s) have total development potential of 69,863 square feet.

Bo Jin Zhu’s ownership entity for this property filed for bankruptcy in the Eastern District of New York in December 2018. The last time the property sold was June 18, 2015, for $16,000,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There has been one demolition project filed for the parcels over the past five years. The demolition included 9 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link