HNA sells UES mansion for $90M

Chinese conglomerate paid $79.5M for property in April

Chen Feng and 19 East 64th Street
Chen Feng and 19 East 64th Street

An affiliate of HNA Holdings Group sold an Upper East Side mansion for $90 million less than a year after buying it, amid reports that the Chinese conglomerate is facing financial difficulties.

The buyer, whose identity was not immediately clear, controls a Delaware-based entity called East 64th Street Property Holdings LLC, according to property records filed with the city Wednesday.

Chen Guoqeng, the company’s co-founder, signed the deed document.

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HNA bought the 18,860-square-foot mansion at 19 East 64th Street from art heir David Wildenstein in April 2017 for $79.5 million and planned to use it as an office. The company funded the deal with a $50 million mortgage from Ullico.

Bloomberg recently reported that HNA plans to sell $4 billion worth of U.S. properties to help pay off its mounting debt. That includes office tower 245 Park Avenue, which the company bought for $2.2 billion in May.

The government of Qatar signed a contract to buy the property from Wildenstein for $90 million in 2014 with plans to use it as an embassy, but walked away from the deal.