Mott & Bayard Corp Acquires Mixed-Use Building In Chinatown, Manhattan For $7.5M

Lin Huang, through Mott And Bayard Corp., purchased a two-story mixed-use building at 53 Mott Street in Chinatown, Manhattan, for $7.5 million from Roland Leong's entity, 53 Mott Street Corp. The property is located in the vibrant market of Chinatown and offers a mix of residential and commercial spaces. With a total building square footage of 6,975 square feet, the property provides ample space for various uses. The purchase price of $7.5 million translates to a price per square foot (PPSF) of $1,074, showcasing the value of the asset in this desirable location.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $7,490,000
• Building Square Footage: 6,975
• Price Per Square Foot (PPSF): $1,074
• Address: 53 Mott Street
• Market: Chinatown, Manhattan
• Buyer: Mott & Bayard Corp - Lin Huang
• Seller: Roland Leong

The buyer, Lin Huang, represented by Mott & Bayard Corp, saw an opportunity to acquire a valuable property in the heart of Chinatown. On the other side of the transaction, Roland Leong, the seller, recognized the potential of this mixed-use building and finalized the deal with Mott And Bayard Corp. The purchase of 53 Mott Street marks an important investment for both parties involved in the transaction.