Hyun Chan Cho pays $3.9M for mixed-use in Murray Hill, Queens

Hyun Chan Cho through the entity Pilium LLC paid $3.9 million to Seung Jin Han through the entity Northern 153 LLC for the two-unit mixed-use building (S2) at 152-26 Northern Boulevard in Murray Hill (QN), Queens and two-unit mixed-use building (S2) at 152-28 Northern Boulevard in Murray Hill (QN), Queens. The expected use is cash flowing.
The deal closed on January 23, 2026 and was recorded on February 6, 2026. The two properties have 4,554 square feet of built space and 1,910 square feet of additional air rights for a total buildable of 6,458 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $845 and the price per buildable square foot is $596 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 Seung Jin Han was Seung Jin Han. The signatory for Hyun Chan Cho was Hyun Chan Cho. The contract date was November 7, 2025.

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 152-26 Northern Boulevard.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Hyun Chan Cho had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Seung Jin Han had not purchased any other properties and had not sold any properties over the same time period.

The property

The mixed-use building with 2 residential units in Murray Hill (QN) has 4,554 square feet of built space and 1,910 square feet of additional air rights for a total buildable of 6,458 square feet according to a PincusCo analysis of city data. The parcel has frontage of 18 feet and is 112 feet deep with a total lot size of 2,034 square feet. The lot is irregular. The zoning is R5B which allows for up to 1.35 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $1.6 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations 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 neighborhood

In Murray Hill (QN), The bulk, or 32 percent of the 4.7 million square feet of commercial built space are mixed-use buildings, with walkup buildings next occupying 22 percent of the space. In sales, Murray Hill (QN) has had very little sales volume relative to other neighborhoods with $132.5 million in sales volume in the last two years. For development, Murray Hill (QN) has had very little major development activity relative to other neighborhoods.It had 131,196 square feet of commercial and multi-family construction under development in the last two years, which represents 3 percent of the neighborhood’s built space.

The block

On the tax block of 152-26 Northern Boulevard, PincusCo has identified the owners of two of the 11 commercial properties representing 5,900 square feet of the 38,217 square feet. The two identified owners are Jeong Soon Chiang and Eun Suk Kim.
There are no active new building construction projects on this tax block.

The majority, or 75 percent of the 38,217 square feet of built space are mixed-use buildings, with retail buildings next occupying 22 percent of the space.

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