Jason Wong pays $7M for mixed-use property in Chelsea

Jason Wong through the entity Dayanta Holdings, LLC paid Maria Elizabeth Vargas Montalvo’s La Taza De Oro, LLC $6.5 million for 96 8th Avenue in Chelsea. The deal closed on April 1, 2020, and was recorded on April 3, 2020. The transaction consists of 1 parcel, including the tax class primarily two family with store or office (S2) and containing 2 residential units. The property is 3,141 square feet. The parcel(s) have total development potential of 5,685 square feet.
The average sale price per square foot is $1,143. The contract was signed December 10, 2020.

The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 2 residential (or hotel) units on July 20, 2017.
Over the past five years, there have been 5 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $10,000. Those filings sought to increase the number of residential units by 2 to 2 There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $460,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link