Linlin Zhuo Acquires Sunset Park Warehouse In $23M Deal

A warehouse located at 201 46th Street in Sunset Park has been sold in a recent transaction. The property, with a total area of 52,066 square feet, was sold for a price of $23,000,000. The sale price translates to approximately $441 per square foot. The buyer of the property is Linlin Zhuo, while the seller is Xiang Yu Cao.

Summary of transaction details:

• Property Type: Warehouse
• Transaction Amount: $23,000,000
• Building Square Footage: 52,066
• Price per Square Foot: $441
• Address: 201 46th Street, Sunset Park

The warehouse is situated on a lot measuring 26,033 square feet and features a FAR (Floor Area Ratio) of 2.00. The property is classified under tax class 4. The previous sale of the property took place on October 20, 2016, with a recorded price of $15,500,000. On February 24, 2020, permits for alteration were issued for the property. The lot has dimensions of 200 feet by 130 feet.

It is worth noting that the property is zoned as M1-2D, indicating its intended use as a light industrial or manufacturing facility.