Frank Chan Acquires Retail Properties At 224 Canal Street For $33 Million With Broker Jonathan Maimran & Lance Steinberg

The transaction involved three retail properties located at 224 Canal Street, 232 Canal Street, and 234 Canal Street in the Chinatown market. The properties were sold for a total of $33,000,000, encompassing a total square footage of 52,764, which reflects a price per square foot of $625.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Square Footage: 52,764
• Price per Square Foot: $625
• Buyer: Frank Chan
• Seller: George Terranova
• Broker: Jonathan Maimran & Lance Steinberg - Raber Enterprises LLC

Frank Chan represented the buyer in this transaction, while George Terranova was the seller. The brokerage team of Jonathan Maimran and Lance Steinberg from Raber Enterprises LLC facilitated the deal, bringing together the buyer and seller for this retail property transaction.