Li Lan Wu pays $6M to Edmond J. Fong for property in Sunset Park

Li Lan Wu through the entity 8 Lucky Inc paid Edmond J. Fong’s 5704 LLC $5.8 million for 5704 8th Avenue in Sunset Park. The deal closed on June 29, 2020, and was recorded on August 20, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 3,120 square feet. The parcel(s) have total development potential of 3,888 square feet.
The average sale price per square foot is $1,492.

The contract date was May 15, 2020.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on May 7, 2015.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $152,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link