Li Ping Wang pays $3M to Tribeca Investment Group for retail condo in Tribeca

Li Ping Wang through the entity 3218 L.L.C. paid $3 million to Tribeca Investment Group through the entity Brodgreen Associates, LLC for the retail condominium at 321 Greenwich Street in Tribeca, Manhattan.
The deal closed on August 15, 2025 and was recorded on August 22, 2025. The property has 4,428 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $683 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Tribeca Investment Group was David R. Lachtman . The signatory for Li Ping Wang was Li Ping Wang. The contract date was May 7, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Li Ping Wang had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Tribeca Investment Group had not purchased any other properties and sold one property in one transaction for a total of $182.5 million over the same time period.

The property

The specialty condo in Tribeca has 4,428 square feet of built space according to a PincusCo analysis of city data. The parcel has a total lot size of 4,428 square feet. The city-designated market value for the property in 2022 is $3 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The neighborhood

In Tribeca, The bulk, or 47 percent of the 15.3 million square feet of commercial built space are office buildings, with elevator buildings next occupying 28 percent of the space. In sales, Tribeca has 1.7 times the average sales volume among other neighborhoods with $464.7 million in sales volume in the last two years and is the 21st highest in Manhattan. For development, Tribeca has 1.8 times the average amount of major developments relative to other neighborhoods and is the 14th highest in Manhattan. It had 2.5 million square feet of commercial and multi-family construction under development in the last two years, which represents 16 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of three of the 13 commercial properties representing 21,175 square feet of the 128,492 square feet. The largest owner is Carolyn Rafaelian, followed by Eun Rae Jo and then Anthony Coll.
There are no active new building construction projects on this tax block.

The majority, or 68 percent of the 128,492 square feet of built space are mixed-use buildings, with office buildings next occupying 21 percent of the space.

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