Yung Ching Siu pays $7.2M to Philip Vallone for Bronx industrial

Yung Ching Siu through the entity 4855 Baldwin Street Industrial, LLC paid $7.2 million to Philip Vallone through the entity Nipidimi Bx, LLC for industrial (E9) at 4855 Baldwin Street in Bronx and industrial (F1) at 4616 Bradley Street in Bronx.
The deal closed on November 9, 2021 and was recorded on December 27, 2021.
The two properties have 29,330 square feet of built space and 6,298 square feet of additional air rights for a total buildable of 35,644 square feet according to PincusCo analysis of city data. The sale price per built square foot is $243 and the price per buildable square foot is $200 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 Philip Vallone was Philip Vallone. The signatory for Yung Ching Siu was Yung Ching Siu.
(220621959)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building on July 22, 2019.

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