Chain Link, LLC pays $7M to Golden City 149 Inc. for property in Chinatown

Chain Link, LLC paid Golden City 149 Inc. $7.3 million for 149 Canal Street in Chinatown. The deal closed on October 10, 2019, and was recorded on October 21, 2019. The transaction consists of 1 parcel, including the tax class loft with retail stores (L8). The property is 7,205 square feet. The parcel(s) have total development potential of 7,205 square feet.
The average sale price per square foot is $1,006.
The estimated cap rate is 2.7%
The last time the property sold was July 20, 2006, for $4,300,000.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $32,500.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link