Philip Chong
HCRE Hung & Chong Real Estate
HCRE Hung & Chong Real Estate NYC portfolio
$232.3 million* – office 34.0%, elevator 34.0%; Queens 51.0%, Manhattan 48.0%
658th largest portfolio by dollar value
167,077 sqft – office 61%, condo 38%;
1372th largest by SF
19 properties – Manhattan 84%, Queens 15%
470th largest
17 residential units – Manhattan 100%, Bronx 0%
3376th largest by residential units
Top Ten Associated Companies:
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.
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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.