A trio of Chinatown storefronts in an area that former Mayor Michael Bloomberg once called “Counterfeit Triangle” has traded hands for $33 million, records show.
The buildings at 224, 232 and 234 Canal St., which make up a triangular-shaped lot bounded by Centre, Walker and Baxter streets, were sold by an entity named after one of the addresses to Lower Manhattan-based real estate firm Evergold Group, according to a deed that hit the city register Wednesday.
Frank Chan, managing member of the firm, signed the documents on behalf of the buyer, records show. The signatory for the seller was George Terranova, who was named as one of the property owners in a 2008 New York Times article about an undercover operation to confiscate counterfeit goods at the buildings in question.
The roughly 52,000-square-foot lot, which is zoned for light manufacturing but can be used for residential, commercial and community facilities as well, currently comprises the three decrepit low-rise buildings, all or portions of which appear vacant.
It’s unclear what Evergold Group has in store for the buildings. The firm, which was founded in the early 1990s, specializes in hotel, residential and mixed-use development, according to its website. No demolition or construction permits have been filed at this time, records show.
Neither Aaron Friedman, an attorney at his own New Jersey-based law firm, which represented the buyer in the transaction, nor Noah Zakim, an attorney at New Jersey-based law firm Zakim & Zakim, which represented the seller, responded to requests for comment by press time.
The properties were marketed by Raber Enterprises’ Jonathan Maimran and Lance Steinberg, who also did not return a request for comment by press time.
