New York City School Construction Authority pays $6M to Yuco Management for property in Sunset Park

New York City School Construction Authority paid Raymond Yu’s Yuco Management’s Totten Properties, LLC $5.6 million for 250 46th Street, 256 46th Street, 258 46th Street, 262 46th Street, 266 46th Street in Sunset Park. The deal closed on January 14, 2020, and was recorded on January 22, 2020. The transaction consists of 5 parcels, including the tax class light manufacturing building (F5). The parcel(s) have total development potential of 25,136 square feet.
The average sale price per square foot is $221.

Yuco recently refinanced a portfolio in Sunset Park with a $16.5 million loan.

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