Chun Xiao Jiang pays $3.5M for retail in Midland Beach

Chun Xiao Jiang through the entity Hylan K&I Realty Holding Inc. paid $3.5 million to Anthony J. Santo Jr. through the entity My Dream LLC for the retail building (K1) at 2270 Hylan Boulevard in Midland Beach, Staten Island. The expected use is cash flowing.
The deal closed on March 23, 2026 and was recorded on May 4, 2026. The property has 7,200 square feet of built space and 2,531 square feet of additional air rights for a total buildable of 9,736 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $487 and the price per buildable square foot is $360 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Anthony J. Santo Jr. was Anthony J. Santo Jr. The signatory for Chun Xiao Jiang was Chun Xiao Jiang.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Chun Xiao Jiang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Anthony J. Santo Jr. had not purchased any other properties and had not sold any properties over the same time period. The 7,200-square-foot property generated revenue of $348,264 or $48 per square foot, according to the most recent income and expense figures.

The property

The retail building in Midland Beach has 7,200 square feet of built space and 2,531 square feet of additional air rights for a total buildable of 9,736 square feet according to a PincusCo analysis of city data. The parcel has frontage of 103 feet and is 195 feet deep with a total lot size of 19,473 square feet. The lot is irregular. The zoning is R3-2 which allows for up to 0.5 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $2.2 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $4,000 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

There are no active new building construction projects on this tax block.

The majority, or 75 percent of the 16,552 square feet of built space are retail buildings, with mixed-use buildings next occupying 25 percent of the space.

Direct link to Acris document. link