Malachite Group Acquires Mixed-Use & Retail Property In Chinatown For $3.9M

The mixed-use and retail property located at 5 Chatham Square and 8 Mott Street in Chinatown has been sold for a total price of $3,900,000. The transaction took place on May 20, 2022. The property spans across 7,700 square feet, resulting in a price per square foot of $506. The buyer, Malachite Group, acquired this asset.

Summary of transaction details

• Property Type: Mixed-use & Retail
• Transaction Amount: $3,900,000
• Date: May 20, 2022
• Address: 5 Chatham Square & 8 Mott Street
• Market: Chinatown
• Asset Type: Mixed-use & Retail
• Buyer: Malachite Group
• Brokers: Maurice Suede & Dan Soyak - Cushman & Wakefield
• Square Footage: 7,700
• Price per Square Foot: $506

The sale was facilitated by the brokers Maurice Suede and Dan Soyak from Cushman & Wakefield. They represented the Malachite Group in this transaction.