Kyoung Ah Lee pays $11M to Uk Choi for property in Nomad

Kyoung Ah Lee through the entity Jeon America, Inc paid Uk Choi’s Legend Corp $10.5 million for 42 West 28th Street in Nomad. The deal closed on October 18, 2019, and was recorded on October 22, 2019. The transaction consists of 1 parcel, including the tax class office building with commercial with one to six stories (O5). The property is 41,849 square feet.
The average sale price per square foot is $408.
The estimated cap rate is 1.9%

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