Florence Chia pays $5.6M to Penn South Capital for mixed-use property in Midtown West

Florence Chia through the entity Roosevelt Realty Holdings LLC paid Penn South Capital’s 328 West 45th Street LLC $5.6 million for 328 West 45th Street in Midtown West. The deal closed on May 27, 2020, and was recorded on June 3, 2020. The transaction consists of 1 parcel, including the tax class primarily five to six family with store or office (S5) and containing 5 residential units. The property is 3,756 square feet. The parcel(s) have total development potential of 3,756 square feet.
The average sale price per square foot is $1,491.

Parag Sawhney was the signatory for Penn South. The last time the property sold was April 25, 2012, for $2,100,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link