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41-10 22nd Street

Updated Aug 17, 2026

FINANCEDDevelopment Site

Chris Xu Of United Construction & Development Group Secures $65 Million Refinance Loan In Long Island City

41-10 22nd Street

$65,000,000

$103/SF

Building Size

629,741 SF

Asset Type

Development Site

Closing

Jul 22, 2026

About this deal

AI

This transaction involves a development site located at 41-10 22nd Street in Long Island City. The asset has a total square footage of 629,741. The loan amount secured for refinancing this property is $65,000,000.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $65,000,000
Lender: BHI & IDB
Borrower: Chris Xu - United Construction & Development Group
Landlord's Rep: Morris Betesh, Omar Ferreira & Jacob Petrovic - Arrow Real Estate Advisors
Date: 07/22/2026

The deal features key individuals such as Chris Xu who represents United Construction & Development Group as the borrower, while Morris Betesh, Omar Ferreira, and Jacob Petrovic represent the landlord through Arrow Real Estate Advisors. This group is instrumental in facilitating the transaction.