Hong Ngoc Ly pays $6M to Taverna family for property in Gravesend

Hong Ngoc Ly through the entity Double Sun Realty Corp. paid Taverna family’s 245 Avenue U LLC $5.5 million for 243 Avenue U in Gravesend. The deal closed on May 15, 2020, and was recorded on May 26, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 16,400 square feet. The parcel(s) have total development potential of 16,400 square feet.
The average sale price per square foot is $335.

The sale went into contract December 27, 2019.

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 $110,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link