Zhi Li Pan pays $4.9M to Glenn Lau-Kee for industrial in Chinatown

Zhi Li Pan through the entity JRR Holdings LLC paid $4.9 million to Glenn Lau-Kee through the entity Tai Ming Development Corp. for industrial (G6) at 98-100 Bayard Street in Chinatown, Manhattan.
The deal closed on April 12, 2021 and was recorded on May 3, 2021.
The property has 0 square feet of built space and 8,256 square feet of additional air rights for a total buildable of 8,256 square feet according to PincusCo analysis of city data. The sale price per buildable square foot is $591 per the PincusCo analysis.
The signatory for Glenn Lau-Kee was Glenn Lau-Kee. The signatory for Zhi Li Pan was Zhi Li Pan.

The sale was financed with a $2 million purchase money mortgage.

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