Joseph Choi pays $6M to Chaim Wurzberger for property in Bedford-Stuyvesant

Joseph Choi through the entity Oro Link Group, Inc paid Chaim Wurzberger’s 568 Lafayette LLC $6.0 million for 568 Lafayette Avenue in Bedford-Stuyvesant. The deal closed on March 5, 2020, and was recorded on April 1, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 10 residential units. The property is 6,926 square feet. The parcel(s) have total development potential of 6,926 square feet.
The average sale price per square foot is $866.

The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 10 residential (or hotel) units on July 25, 2017.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There has been one new building permit application totaling 6,553 square feet. Those plans include a total of 10 residential units. There has been one demolition project filed for the parcels over the past five years. The demolition included 3 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link