Jason Wang Acquires Multifamily Property In Chinatown From Nathin Family For $4.8M

The property asset involved in this transaction is a multifamily building located at 47 Bayard Street in the Chinatown market. The sale price for the asset was $4,800,000, which encompasses 7 units. The building has a total square footage of 8,025, resulting in a price per unit of $685,714 and a price per square foot of $598.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Units: 7
• Square Footage: 8,025
• Price Per Unit: $685,714
• Price Per Square Foot: $598
• Buyer: Jason Wang
• Seller: Nathin Family
• Brokers: Matt Fotis, Colton Traynham & Michael Weinstein - Marcus & Millichap

This transaction involved key individuals including the buyer, Jason Wang, and the seller, Nathin Family. The brokers representing the parties in the deal were Matt Fotis, Colton Traynham, and Michael Weinstein from Marcus & Millichap, facilitating the sale of the property.