Landlord Andy Chau plans mixed-use condo in Chinatown

The project's total projected sellout is $46M

New York /
Feb.February 22, 2016 06:23 PM

UPDATED, 6:50 p.m., Feb. 22: Queens-based landlord Andy Chau filed an offering plan for a 42-unit mixed-use building in Chinatown, according to the state Attorney General’s office.

Chau’s Wing Fung Realty Group filed plans last week for condos at 86 Canal Street. The building is expected to have 32 residential units and 10 commercial units, according to plans filed with the New York Attorney General’s Real Estate Finance Bureau. The building’s total projected sellout is $46 million.

In June 2010, Chau bought the development site for $16.5 million from Manhattan-based landlord Baruch Singer. Singer initially planned to build a 79,000-square-foot apartment with office and retail space, and then later opted to build a parking lot. Neither project was realized due to financial and legal issues.

Chau told The Real Deal on Monday that construction is almost complete at the site. He directed further questions to the project’s architect, Tan Architect.

The investor made headlines in 2012 when he was accused of siccing motor cycle gangs on his tenants. At the time, tenants of two Bushwick apartment buildings accused Chau of hiring the gangs to scare them out of their apartments, which had been illegally converted into lofts. Court records indicate that no lawsuit or criminal charges were filed in connection with these allegations.

Correction: An earlier version of this story misstated the number of residential units. It’s 32 units. 


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Latest fintech unicorn offers credit-score boost to renters
Latest fintech unicorn offers credit-score boost to renters
Latest fintech unicorn offers credit-score boost to renters
TRD Brand Studio: Your business, powered by The Real Deal
TRD Brand Studio: Your business, powered by The Real Deal
TRD Brand Studio: Your business, powered by The Real Deal
Marc Holliday, chairman and CEO, SL Green Realty Corp. (SL Green Realty Corp.)
Real estate bragging rights reach new heights
Real estate bragging rights reach new heights
Jason Rabin and 70 Cobb Road, Water Mill, NY (Google Maps, LinkedIn)
Southampton compound sells for $118.5M
Southampton compound sells for $118.5M
Jonathon Yormak,founder, managing principal, East End Capital; and map of 48-02 48th Avenue in Sunnyside Queens (East End Capital, Google Maps)
East End Capital bets on Sunnyside industrial
East End Capital bets on Sunnyside industrial
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...