Zheye Luo pays $3M to Evan Yu-Dong Lee for mixed-use in Chinatown

Zheye Luo through the entity 10 Mott Street LLC paid $3 million to Evan Yu-Dong Lee through the entity Cje 8811, LLC for the mixed-use building (K4) at 10 Mott Street in Chinatown, Manhattan. The expected use is cash flowing.
The deal closed on March 5, 2026 and was recorded on March 26, 2026. The property has 2,911 square feet of built space according to a PincusCo analysis of city data. The sale price per built square foot is $1,023 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 seller bought the property on June 11, 2024, for $2.4 million. The signatory for Evan Yu-Dong Lee was Evan Yu-Dong Lee. The signatory for Zheye Luo was Zheye Luo. The contract date was August 26, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Zheye Luo had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Evan Yu-Dong Lee purchased one property in one transaction for a total of $2.4 million and had not sold any properties over the same time period. The 2,911-square-foot property generated revenue of $120,777 or $41 per square foot, according to the most recent income and expense figures.

The property

The mixed-use building with 1 residential units in Chinatown has 2,911 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 21 feet and is 36 feet deep with a total lot size of 726 square feet. The lot is irregular. The zoning is C6-1 which allows for up to 6 times floor area ratio (FAR) for commercial and up to 3.44 times FAR for residential. The city-designated market value for the property in 2022 is $547,000.

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 Chinatown, The bulk, or 36 percent of the 8.4 million square feet of commercial built space are walkup buildings, with mixed-use buildings next occupying 17 percent of the space. In sales, Chinatown has 1.3 times the average sales volume among other neighborhoods with $429.4 million in sales volume in the last two years and is the 26th highest in Manhattan. For development, Chinatown has had very little major development activity relative to other neighborhoods.It had 542,348 square feet of commercial and multi-family construction under development in the last two years, which represents 6 percent of the neighborhood’s built space.

The block

On this tax block, PincusCo has identified the owners of five of the 45 commercial properties representing 28,749 square feet of the 398,209 square feet. The largest owner is Manouchehr Malekan, followed by William Ng and then Lori Eng.
There are no active new building construction projects on this tax block.

The majority, or 31 percent of the 398,209 square feet of built space are office buildings, with walkup buildings next occupying 28 percent of the space.

The seller

The PincusCo database currently indicates that Evan Yu-Dong Lee owned at least one commercial property with one residential unit in New York City with 2,911 square feet and a city-determined market value of $570,000. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single mixed-use property. It is located in Manhattan.

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