Ex-Factory’s Future Unclear After Sale
Summary
A Queens-based investor has purchased the former Trelleborg fabric-coating chemical factory complex on Lenox Street -- two years after a different investor won permission to convert the site into self-storage units and a micro-manufacturing "flex workshop." The post Ex-Factory’s Future Unclear After Sale appeared first on New Haven Independent.
A Queens-based investor has purchased the former Trelleborg fabric-coating chemical factory complex on Lenox Street — two years after a different investor won permission to convert the site into self-storage units and a micro-manufacturing “flex workshop.” That property transaction was recorded on the city’s land records database on May 29.
According to the warranty deed documenting the sale, 5910 Yang’s Properties LLC paid $1.575 million to Trelleborg Coated Systems US, Inc. to buy three former factory buildings at 30 Lenox St. That 2.07-acre property was last sold for $930,000 in 2017, and the city last appraised it for tax purposes as worth $1,951,900.
The property’s new owner is a holding company controlled by Bi Fang Zou of Maspeth, N.Y.
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Transaction volume and pricing reveal real-time capital flows and buyer demand in specific Connecticut submarkets and property types.