Hang Seng Tower
5805 7th Avenue, Brooklyn, NY 11220
Overview
Hang Seng Tower is a 26-unit condo in Brooklyn, with 1 parking unit and 2 commercial units.
- Offering plan: Accepted April 2008 · 250 pages · floor plans on page 17
- Prices: $852 a square foot on average, as first offered; $17.2 million in all
- Sponsor: Hang Seng Capital Group, LLC, represented by Harold L. Gruber, P.C.; principals Chiu Wong, Wei Ming Wong and Yun Yun Hui
- Neighborhood: Sunset Park, Brooklyn
- Subway: 4-minute walk to 8 Av (N); 10 minutes to 59 St (N, R)
- Amendments: 6, the latest in April 2025
- Units
- 26 residential · 1 parking · 2 commercial
- Neighborhood
- Sunset Park, Brooklyn
- Subway
- 4 min walk to 8 Av N59 St N R, 10 min
- Principals
- Chiu Wong, Wei Ming Wong, Yun Yun Hui
- Average $/sf
- $852Homes in Schedule A, as first offered
- Offering price
- $17.2 million total
- Floor plans
- Page 17 of the plan
- SubmittedMay 2008
- AcceptedApril 2008
- 6 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Sep 30, 2026.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
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Property Taxes
The plan's first-year tax estimate, checked against the city's real bills.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 2 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 6 Apr 14, 2025
Amendment updates financial statements and 2025 budget, lists 13 unsold units with charges, changes escrow agent and counsel, and revises purchase procedures due to revised Attorney General regulations.
- Financial statements for 2020, 2021, 2022, and 2023 attached
- 2025 budget adopted by Board of Managers attached
- Sponsor principals are Chiu Wong and Yun Yun Hui
- Escrow agent changed from Harold L. Gruber to Li Li, Esq. at Law Offices of Li Li, Esq., PLLC
- Sponsor retains 13 unsold units as of March 1, 2025
- Mortgage of approximately $3,362,844 with East West Bank, maturity October 1, 2029
- Revised Purchase Agreement and Escrow Agreement procedures effective for new purchasers
Amendment 5 Feb 19, 2010
Offering plan term extended one year; units separately assessed for tax purposes; sponsor holdings and financial disclosures updated.
- Offering plan term extended for one additional year from amendment filing date
- Units have been separately assessed for New York City tax purposes
- Sponsor holds 14 unsold units (C1, C2, 2A, 2B, 2C, 2D, 2E, 3A, 4A, 4D, 5A, 6C, 7A, 7B) with listed common charges and taxes
- Aggregate monthly common charges for Sponsor's units: $7,465.06
- Aggregate monthly rental income from Sponsor's units: $23,180.00
- Aggregate monthly Real Estate Taxes for unsold units: $651.77
- Board of Managers election scheduled for May 15, 2009
- Schedule B operating budget remains unchanged
Team
- Sponsor
- Hang Seng Capital Group, LLC
- Principals
- Chiu Wong, Wei Ming Wong, Yun Yun Hui
- Counsel
- Harold L. Gruber, P.C.
- Tax estimate
- Ben Rottenstein Associates Inc.Prepared the first-year real estate tax projection
- Construction lender
- United Commercial BankLender on the mortgage and building loan agreement recorded September 2008 in ACRIS; $9.01 million recorded
- General contractors
- Yung Fong Const, 98 ConstructionHeld the general construction permit on DOB job 301849560
- Title agency
- Ridge Abstract Corp.The sponsor's title company for buyers; you can choose another · Named on p. 80
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R7A
- Commercial overlay
- C2-4
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 714 59th Street Condominiumnext door · 6 units · 2021
- Xian De Condominium0.1 mi · 8 units · 2021
- 5811 6th Avenue Condominium0.2 mi · 8 units · 2020
- 816 58th Street Condominium0.2 mi · 10 units · 2025
- 828 57th Street Condominium0.2 mi · 2023
- 818 60th Street Condominium0.2 mi · 8 units · 2022
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