Grace's tangled real estate web

From Crains:

A rising power in city politics for years reported owning a piece of her parents' home, but now says she was wrong about that.

That's just one of the oddities Crain's found upon examining personal-finance, campaign and property records of Rep. Grace Meng, who is perhaps positioning herself to become head of the Queens Democratic organization.

Reports have suggested that Meng could take over the vaunted party machine from Rep. Joseph Crowley, who lost the Democratic primary for his seat in June to Alexandria Ocasio-Cortez.

The nexus of the Meng clan's holdings is the house where the congresswoman's parents apparently reside, at 211-18 34th Avenue. From the first time she ran for her Flushing-based seat in 2012, Meng listed this property—then valued at $500,000 to $1 million—among her assets in personal financial disclosures to the House clerk's office. But on August 14 of this year, Meng filed multiple amendments with the overseer requesting to remove the Bayside home from her official list of possessions, despite having claimed it for the five previous years.

Meng's spokesman said the congresswoman recently confirmed by consulting with her accountant that she never had any ownership stake in the home.

City property records show no change in deedholder for 211-18 34th Avenue since 2002. But they do show an elaborate and idiosyncratic ownership structure, and a network of real estate limited-liability companies involving the congresswoman, her mother Shiao Mei Meng and her father Jimmy Meng.

Jimmy Meng made his fortune as a lumberyard owner and became prominent in his community as president of the Flushing Chinese Business Association. New York politicos remember him as an ex-state assemblyman who resigned amid a voter fraud scandal in 2006 and pleaded guilty in 2012 to soliciting bribes. His daughter served as his campaign manager and later succeeded him in the state Legislature before winning election to Washington with Crowley's support.