Philip Chong

HCRE Hung & Chong Real Estate

HCRE Hung & Chong Real Estate portfolio

$50 million* – office 43%, condo 36%; Manhattan 62%, Queens 37%

951th largest portfolio by dollar value

167,077 sqft – office 61%, condo 38%;

1384th largest by SF

19 properties – Manhattan 84%, Queens 15%

487th largest

17 residential units – Manhattan 100%, Bronx 0%

3399th largest by residential units

Top Ten Associated Companies:

Shanghai Commercial Bank (2)

Top Ten Associated People:

Timothy Chan (1), Nim Chi Lau (1)

Recent activity as company:

HCRE Hung & Chong Real Estate borrowed $10.9 million from Shanghai Commercial Bank for 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, 198 Delancey Street, and others, Lower East Side, Manhattan on January 25, 2023.

HCRE Hung & Chong Real Estate borrowed $60.9 million from Shanghai Commercial Bank for 261 Canal Street, Soho, Manhattan on February 25, 2020.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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