Jin Ping Zhu pays $7M to Ruth Simon for retail property in Bensonhurst

Jin Ping Zhu through the entity 8222 Property LLC paid Ruth Simon’s Ruco Realty Corp. $7.4 million for 8218 18th Avenue in Bensonhurst. The deal closed on December 9, 2019, and was recorded on December 16, 2019. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 14,560 square feet. Jin Ping Zhu owns an adjacent lot which was acquired in 2016 for $3.25 million.

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 $80,910.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link