Zhiyun Chen Purchases Mixed-Use Property On 5th Avenue For $2.95M

Located at 5825 5th Avenue in New York City, this mixed-use property has recently been sold in a closed transaction. The property spans across 8,190 square feet and offers a diverse range of uses, allowing for both residential and commercial activities. The transaction took place on March 16, 2023, with a sale price of $2,950,000, resulting in a price per square foot of $360.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $2,950,000
• Square Footage: 8,190
• Price per Square Foot: $360
• Address: 5825 5th Avenue, New York City

The buyer of this property is Zhiyun Chen, while the seller is Steven Cottone. Facilitating the deal was Romain Sinclair from the real estate agency Greysteel, serving as the broker.

With this transaction, Zhiyun Chen acquires a desirable mixed-use property in New York City, featuring a versatile space that lends itself well to various residential and commercial purposes. Steven Cottone successfully closes the deal, capitalizing on the property's value. Romain Sinclair from Greysteel represents both parties, showcasing his expertise in navigating successful real estate transactions.