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HNA sells UES mansion for $90M

Chinese conglomerate paid $79.5M for property in April

Chen Feng and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/19-East-64-Street-New-York-NY-10065/1013790014-0" target="_blank" data-address="19%20East%2064%20Street%2C%20New%20York" data-label="19%20East%2064th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F19-East-64-Street-New-York-NY-10065%2F1013790014-0" data-bbl="1013790014" data-blockValue="01379" data-lotValue="0014" data-zipcode="10065" data-bldgArea="18%2C860" data-bldgDepth="92" data-bldgFront="41" data-landUse="Comm%20%26%20office%20buildings" data-lotArea="4%2C117" data-lotFront="41" data-lotDepth="100.42" data-retailArea="0" data-resArea="0" data-officeArea="18%2C860" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="O2" data-primaryZoning="C5-1" data-commercialOverlay="" data-far="10" data-buildable="41%2C170" data-airRights="22%2C314" data-propertyNeighborhood="Lenox%20Hill" data-latitude="40.7670574284188" data-longitude="-73.9693541100937" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F19-East-64-Street-New-York-NY-10065%5C%2F1013790014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F19-East-64-Street-New-York-NY-10065%5C%2F1013790014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">19 East 64th Street</a>

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.

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.

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Popular
New York

HNA sells UES mansion for $90M

Chinese conglomerate paid $79.5M for property in April

Chen Feng and <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/19-East-64-Street-New-York-NY-10065/1013790014-0" target="_blank" data-address="19%20East%2064%20Street%2C%20New%20York" data-label="19%20East%2064th%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F19-East-64-Street-New-York-NY-10065%2F1013790014-0" data-bbl="1013790014" data-blockValue="01379" data-lotValue="0014" data-zipcode="10065" data-bldgArea="18%2C860" data-bldgDepth="92" data-bldgFront="41" data-landUse="Comm%20%26%20office%20buildings" data-lotArea="4%2C117" data-lotFront="41" data-lotDepth="100.42" data-retailArea="0" data-resArea="0" data-officeArea="18%2C860" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="O2" data-primaryZoning="C5-1" data-commercialOverlay="" data-far="10" data-buildable="41%2C170" data-airRights="22%2C314" data-propertyNeighborhood="Lenox%20Hill" data-latitude="40.7670574284188" data-longitude="-73.9693541100937" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F19-East-64-Street-New-York-NY-10065%5C%2F1013790014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F19-East-64-Street-New-York-NY-10065%5C%2F1013790014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">19 East 64th Street</a>

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.

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.

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