Jack Lai Acquires Mixed-Use Property On Hester Street For $5.15M

The mixed-use property located at 161 Hester Street in New York City has been sold for a total price of $5,150,000. The property spans 4,605 square feet, resulting in a price per square foot of $1,118. The transaction took place on 12/16/2022.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $5,150,000
• Square Footage: 4,605
• Price per Square Foot: $1,118
• Address: 161 Hester Street, New York City
• Market: New York City

The buyer of the property is Jack Lai, while the seller is Lily Lee. The transaction was facilitated by the brokers Stephen Dadourian, Matthew Gavin, and Jonathan Buerger of B6 Real Estate Advisors.