Hiuian Cheng
(Ian Cheng, Hiu Ian Cheng)
Owner
Hiuian Cheng portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$39.3 million – mixed-use 61%, hotel 29%; Manhattan 35%, Brooklyn 35%
1093th largest portfolio by dollar value
141,772 sqft – hotel 48%, mixed-use 36%;
1512th largest by SF
8 properties – Manhattan 62%, Brooklyn 25%
149th largest
13 residential units – Manhattan 100%, Bronx 0%
785th largest by residential units
Person Activity past 24 months:
Buyer signatory: 2 for $9.5 million
Seller signatory: 1 for $2.7 million
Borrower signatory: 2 for $30 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Donald Leeds (2), Riese Organization (1), Jack Srour (1), CTBC Bank (1), Tidal Real Estate Partners (1), Cathay Bank (1), Gimia Ma (1), Jeff Zheng (1), Shanghai Commercial Bank (1), Young Tack Oh (1)
Top Ten Associated People:
Bradbury Baker (2), Donald Leeds (2), Ann Martinez (1), Jack Srour (1), Juda Srour (1), Yintung “Tony” Chang (1), Michael Walsdorf (1), Vanessa Siew (1), Gimia Ma (1), Jeff Zheng (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.
• Tidal Real Estate Partners sold 312 Atlantic Avenue, Boerum Hill, Brooklyn for $5 million to Hiuian Cheng on November 21, 2023.
• Hiuian Cheng sold 42-76 Hunter Street, Long Island City, Queens for $2.7 million to Jeff Zheng on October 24, 2023.
• Gimia Ma sold 101 West 27th Street, Chelsea, Manhattan for $4.5 million to Hiuian Cheng on April 20, 2023.
• Hiuian Chengand Siu Ki Chengand Bun Bun Cheng borrowed $10.5 million from Cathay Bank for 103 West 27th Street and 105 West 27th Street, Chelsea, Manhattan on April 10, 2023.
• Jack Srour sold 1917-1925 86th Street, Bensonhurst, Brooklyn for $7.3 million to Hiu Ian Cheng on November 01, 2022.
• Ian Cheng filed plans for major alteration for 32,038 sqft in Financial District, Manhattan, on September 08, 2022.
• Hiuian Cheng borrowed $8.6 million from CTBC Bank for 47 Broadway, Financial District, Manhattan on April 26, 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.
Latest Stories:
• Hiuian Cheng pays $5M to Tidal Real Estate Partners for mixed-use in Boerum Hill November 22, 2023
• Jeff Zheng pays $2.7M to Hiuian Cheng for dev site in Long Island City October 25, 2023
• Hiuian Cheng pays $4.5M for mixed-use in Chelsea, owns adjacent parcel April 21, 2023
• 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
• 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