Xiaojun Pan pays $7.7M to Chung Lam for hotel in College Point

Xiaojun Pan through the entity Pan And Sons, LLC paid Chung Lam’s 3118 Linden Inc. $7.7 million for 31-16 Linden Place in College Point. The deal closed on January 22, 2021 and was recorded on February 9, 2021. The transaction consists of 1 parcel, including the tax class miscellaneous (H9). The property is 14,786 square feet.
The average sale price per square foot is $524.

The last time the property sold was February 7, 2011 for $600,000.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000.

Direct link to Acris document. link
The signatory for the buyer was Xiaojun Pan.