Peter Ting Acquires Retail Property In Central Midtown, Manhattan For $3.4M

A retail property located at 243 East 53 Street in Central Midtown, Manhattan has been sold for $3,400,000. The property has a building square footage (BSF) of 6,696, with a price per BSF (PPBSF) of $507. The total square footage (SF) is 2,996, with a price per square foot (PPSF) of $1,134. The property has a floor area ratio (FAR) of 1.79 and falls under tax class 4. The lot size is 1,674, and the lot dimensions are 16.67 ft x 100.42 ft. The property was last sold on 8/19/2021 for $2,550,000, and an alteration permit was obtained on 06/29/2021.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,400,000
• Market: Central Midtown, Manhattan
• Zoning: R8B, TA

Peter Ting purchased the property from Chatchai Huadwattans.