Michael Cohen Acquires Commercial Property In Koreatown, Manhattan For $9.7M

Located at 1330 Broadway in Koreatown, Manhattan, this commercial property was recently sold in a closed transaction. The property is zoned as C6-6 and MiD, making it suitable for various commercial purposes. The sale took place on July 18, 2022, with a transaction price of $9,700,000. The property spans 5,635 square feet, resulting in a price per square foot (PPSF) of $1,721. Additionally, the building's square footage (BSF) is 16,905 with a price per BSF of $573. The lot size is recorded as 1,127, and the lot dimensions measure 18.75 ft x 60 ft. The property has a floor area ratio (FAR) of 5.00 and falls under tax class 4.

Summary of transation details

• Property Type: Commercial
• Transaction Amount: $9,700,000
• Market: Koreatown, Manhattan
• Zoning: C6-6, MiD
• Square Footage: 5,635 SF
• Price per Square Foot (PPSF): $1,721
• Building Square Footage (BSF): 16,905
• Price per BSF: $573
• Lot Size: 1,127
• Lot Dimensions: 18.75 ft x 60 ft
• Floor Area Ratio (FAR): 5.00
• Tax Class: 4

The buyer in this transaction was Michael Cohen, and the seller was Salvatore Bullaro. The property's previous sale took place on April 7, 2009, at a price of $700,000. An alteration permit was issued on August 22, 2014. It's important to note that no additional information was provided regarding loans, permits, or other individuals involved in the deal.