Francis Leung Acquires Mixed-Use Property In Lower East Side For $5.5M

Located in the Lower East Side of New York City, the mixed-use property at 87 Chrystie Street has been sold in a recent transaction. The property, spanning 10,716 square feet, features 11 units and offers a diverse range of uses. The sale of this property took place on May 7th, 2019.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $5,500,000
• Address: 87 Chrystie Street
• Market: Lower East Side
• Square Footage: 10,716
• Price Per Square Foot: $513
• Number of Units: 11
• Price Per Unit: $500,000

Alan Luke, the seller of the property, successfully closed the deal with Francis Leung, who emerged as the buyer. James Nelson and Brandon Polakoff, representing Avison Young, provided their expertise as the seller's representatives. On the buyer's side, Francis Leung was represented by Chris Okada from Okada CO.