68 Hester Street

Owner: Khaloyan Kapital

Acquired: May 15, 2025, $6.2 million

Debt: May 19, 2026, $4.5 million

Built: 1910

Renovated: 1985

SF: 8,580

Dwelling units: 16

No. of buildings: 1

Class: Over Six Families With Stores (C7)

Floors: 5

HPD Ownership Registration Information

Last registered: 2025-09-04 (expires 2026-09-01)

Transactions:

• None borrowed $4.5 million from None for 37 Orchard Street, Chinatown, Manhattan on May 19, 2026.

• Khaloyan Kapital borrowed $4.5 million from Hanover Capital for 68 Hester Street, Chinatown, Manhattan on May 15, 2025.

• Nancy Mak and Jackson Mak sold 68 Hester Street, Chinatown, Manhattan for $6.2 million to Khaloyan Kapital on May 15, 2025.

Development:

• Benjamin Esshaghian filed alteration job M01331968 for 300 sqft COM building with 16 apartments in Chinatown, Manhattan, on December 24, 2025.

• Mike Zhao filed alteration job M01288845 for 1,401 sqft COM building with 19 apartments in Chinatown, Manhattan, on September 17, 2025.

• Paulben Chemhoun filed alteration job M01284273 for 1,318 sqft building with 16 apartments in Chinatown, Manhattan, on September 09, 2025.

• Paulben Chemhoun filed alteration job M01267629 for 1,318 sqft COM building with 16 apartments in Chinatown, Manhattan, on August 07, 2025.

• Benjamin Esshaghian filed alteration job M01186606 for 2,000 sqft COM building with 16 apartments in Chinatown, Manhattan, on February 27, 2025.

Violations:

According to city public data, the properties have received 21 housing violations and $4,475 in OATH penalties in the last year.

Latest Stories:

• Khaloyan Kapital pays $6.2M for 16-unit walkup in Chinatown (May 16, 2025)