Marc Cohen Acquires Commercial Property On Broadway In Chinatown For $16M

The commercial property located at 412 Broadway in Chinatown, Manhattan has been sold in a transaction that closed on February 17, 2022. The property is zoned as M1-5 and has a building size of 20,470 square feet. The sale price for this property was $16,000,000, resulting in a price per square foot of $781. The buyer in this transaction was Marc Cohen, while the seller was Marvin J. Levine. The property has a lot size of 4,695 square feet and dimensions of 26.83 feet by 175 feet. It falls under tax class 4 and has a floor area ratio (FAR) of 4.36.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $16,000,000
• Market: Chinatown, Manhattan
• Zoning: M1-5
• Buyer: Marc Cohen
• Seller: Marvin J. Levine
• Building Size: 20,470 SF
• Price per Square Foot: $781
• Lot Size: 4,695 SF
• Permits: Alteration (10/15/2021)
• Lot Dimension: 26.83 ft x 175 ft
• Tax Class: 4
• FAR: 4.36

In this transaction, Marc Cohen represented himself as the buyer, while Marvin J. Levine represented himself as the seller's representative. The property underwent an alteration permit on October 15, 2021.