Lili Chen & David Daniel Xie Acquire Multifamily Building In Chinatown, Manhattan For $3.85M

Lili Chen and David Daniel Xie's 13 Friendly LLC has acquired a 17-unit residential walkup building in Chinatown, Manhattan for $3.9 million. The property, located at 13 Market Street, offers 9,375 square feet of built space. With a sale price of $3,850,000, the price per unit stands at $226,470. Additionally, the property's price per square foot is $410.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Address: 13 Market Street, Chinatown, Manhattan
• Buyer: Lili Chen & David Daniel Xie
• Seller: Lai Fung Yong
• Units: 17
• Price Per Unit: $226,470
• Square Footage: 9,375
• Price Per Square Foot: $410

The buyer, Lili Chen and David Daniel Xie, represented by their company 13 Friendly LLC, purchased the 17-unit residential walkup building from the seller, Lai Fung Yong's 13 Market Street Inc. The property generated $588,387 in revenue.