Retail building in Chinatown sells for $6.7M

The entity NNYY LLC paid Si Hyun Ok’s 24 Orchard Street Realty Corp $6.7 million for 24 Orchard Street in Chinatown. The deal closed on November 2, 2020, and was recorded on November 16, 2020. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 4,179 square feet. The parcel(s) have total development potential of 13,395 square feet.
The average sale price per square foot is $500.

The contract date was June 2, 2020.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Joseph Sarcinella