Hai Kong Luo pays $5M to Trustees Of The Estate Belonging To Diocese Of Long Island for property in Sunset Park

Hai Kong Luo through the entity Sunlight Holding LLC paid Trustees Of The Estate Belonging To Diocese of Long Island of the Episcopal Church $4.9 million for 4919 4th Avenue in Sunset Park. The deal closed on September 19, 2019, and was recorded on September 26, 2019. The transaction consists of 1 parcel, including the tax class non-residential vacant land.

In addition to the sale, there was a transfer of 8,701 square feet of development rights from the adjacent St. Andrews Episcopal Church at 4917 4th Avenue to the developer, allowing a building with 46,078 square feet of residential zoning space to be constructed, city records show.

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

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