The Real Deal New York

McSam buys LES building

August 01, 2008 01:36PM

  • Print

Sam Chang is still busy wheeling and dealing. His firm McSam’s latest purchase is a two-story commercial building at 150 Delancey Street on the Lower East Side, which he bought for $12.25 million, according to city records posted today. Chang has already filed for a permit to build a six-story hotel. The seller was Greg Manocherian of Pound Ridge, N.Y. Last week, Chang sold a Times Square area parcel in the early stages of construction for $59 million, far above the $13.48 million he paid in 2006. McSam also bought the neighboring 152-154 Delancey Street for $3.5 million from an entity listed as Delancey Properties Inc. Massey Knakal handled the sale of 150 Delancey Street.  TRD

Comments are closed.


Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News