Yu Zhen Huang Acquires Commercial Property In Chinatown, Manhattan For $4.8M

The commercial property located at 107 Hester Street in Chinatown, Manhattan has been sold for a price of $4,800,000. The property has a building square footage (BSF) of 12,750 and a price per BSF (PPBSF) of $3,760. The total square footage (SF) of the property is 10,242, with a price per square foot (PPSF) of $468. The asset type of the property is commercial, and it is zoned as C6-1. The property has a floor area ratio (FAR) of 4.82 and falls under tax class 2. The lot size is 2,125 square feet, with dimensions of 42.58 feet by 50 feet. The property had an alteration permit issued on July 30, 2018.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $4,800,000
• Market: Chinatown, Manhattan
• Buyer: Yu Zhen Huang
• Seller: Calvin Lee
• BSF: 12,750
• PPBSF: $3,760
• SF: 10,242
• PPSF: $468
• FAR: 4.82
• Tax Class: 2
• Lot Size: 2,125
• Permits: Alteration (07/30/2018)
• Lot Dimensions: 42.58 ft x 50 ft

The buyer of the property is represented by Yu Zhen Huang. The seller, on the other hand, is represented by Calvin Lee.