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

Property Image
SOLD
$5,500,000
Francis Leung
Christopher (Chris) Okada
+ 2

New York

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Mixed-use10,716 SF
Sold 05/07/2019
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Property Image
SOLD

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

87 Chrystie Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use10,716 SF
Sold 05/07/2019
Francis Leung
Christopher (Chris) Okada
+ 2
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$513
Total Square Footage:10,716 SF
Transaction Type:Sale

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.

Players

Christopher (Chris) Okada
84 deals$352.8M volume
BROKER

Brandon Polakoff
Avison Young
123 deals$1.8B volume
BROKER

James Nelson
Avison Young
85 deals$1.9B volume
BROKER

Francis Leung
7 deals$200.2M volume
BUYER

Details

SOLD
IMAGE: Francis Leung, Brandon Polakoff, Chris Okada, James Nelson DATE: 05/07/2019 ADDRESS: 87 Chrystie Street MARKET: Lower East Side ASSET TYPE: Mixed-use SELLER: Alan Luke BUYER: Francis Leung BUYER’S REP: @ChrisOkada @OkadaCO SELLER’S REP: James Nelson, Brandon Polakoff — Avison Young SALE PRICE: $5,500,000 SF: 10,716 ~ PPSF: $513 UNITS: 11 ~ PPU: $500,000

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