Hiu Cheng

(Hiu Ian Cheng)

Owner

Hiu Cheng NYC portfolio

$38 million* – hotel 68%, retail 19%; Queens 68%, Brooklyn 19%

2197th largest portfolio by dollar value

99,317 sqft – hotel 69%, retail 21%;

1960th largest by SF

4 properties – Manhattan 50%, Brooklyn 25%

1955th largest

6 residential units – Manhattan 100%, Bronx 0%

4903th largest by residential units

Person Activity past 24 months:

Borrower signatory: 1 for $19.5 million

Developer (new building or major alteration): 3 for 66,738 square feet

Top Ten Associated Companies:

Donald Leeds (2), Riese Organization (1), Jack Srour (1), Shanghai Commercial Bank (1), Gjek Popaj (1), Bank of Hope (1)

Top Ten Associated People:

Bradbury Baker (2), Donald Leeds (2), Ann Martinez (1), Jack Srour (1), Juda Srour (1), Gjek Popaj (1), Dan Kim (1)

Recent activity as signatory:

Hiu Ian Cheng borrowed $19.5 million from Bank of Hope for 38-42 11th Street, Long Island City, Queens on January 06, 2025.

Jack Srour sold 1917-1925 86th Street, Bensonhurst, Brooklyn for $7.3 million to Hiu Ian Cheng on November 01, 2022.

Riese Organization sold 47 Broadway, Financial District, Manhattan for $12.2 million to Hiu Ian Cheng on April 08, 2022.

• Donald Leeds sold 359 West 52nd Street, Midtown West, Manhattan for $2.4 million to Hung Luk on March 03, 2021.

• Donald Leeds sold 361 West 52nd Street, Midtown West, Manhattan for $2.4 million to Hung Luk on March 03, 2021.

Hiu Ian Cheng borrowed $9.6 million from Shanghai Commercial Bank for 107 West 27th Street, 103 West 27th Street, Chelsea, Manhattan on October 16, 2020.

Hiu Ian Cheng sold 113 East 184th Street, Fordham, Bronx for $2.1 million to Gjek Popaj on August 21, 2020.

Latest Stories:

• Gjek Popaj signs $15M refi with Wells Fargo for new 51-unit rental in Fordham Heights (January 27, 2025)

• Hiu Ian Cheng pays $7.3M to Jack Srour for retail in Bensonhurst, in quick flip (November 02, 2022)

• Jack Srour pays $6.3M for retail in Bensonhurst (September 22, 2022)

• Hiu Ian Cheng pays $12.2M to Riese Organization for mixed-use in FiDi (April 11, 2022)

• Gjek Popaj signs $8.8M construction loan with Northeast Community for 51-unit rental in Fordham Heights (October 25, 2021)

• Hiu Ian Cheng borrows $9.6M from Shanghai Commercial for property in Chelsea (October 19, 2020)

• Hiuian Cheng pays $6.6M to Young Tack Oh and Sam Sun Noh for property in Chelsea (October 14, 2020)

• Hiu Ian Cheng borrows $17M from Bank of Hope for hotel in Long Island City (December 27, 2019)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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