Buyer pays $6M to Donald Allen for 13-unit property in Midtown West

A buyer affiliated with Jung P. Chun through the entity 750 Ninth Avenue LLC paid Donald J. Allen’s Lillian 750 LLC $6 million for 750 Ninth Avenue in Midtown West. The deal closed on July 31, 2020, and was recorded on August 11, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 13 residential units. The property is 10,250 square feet. The parcel(s) have total development potential of 15,050 square feet.
The sale price per unit is $461,538.

The contract date was June 23, 2020.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $135,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link