Igor Pasternak Acquires Church In Los Angeles For $10.7M
442 East 3rd Street
$10,700,000
$372/SF
Building Size
28,716 SF
Asset Type
Church
Closing
Mar 10, 2023
AI
The property at 442 East 3rd Street in Los Angeles has been sold. The asset involved in this transaction is a church, spanning 28,716 square feet. The sale price for this property was $10,700,000, resulting in a price per square foot of $373.
Summary of transaction details
- Property Type: Church
- Transaction Amount: $10,700,000
- Square Footage: 28,716
- Address: 442 East 3rd Street, Los Angeles
- Market: Los Angeles
The buyer of this property is Igor Pasternak. On the other hand, Jodo Shu North America Buddhist Missions acted as the seller. The deal was facilitated by the Anthony | Steck | Giordano Team - Kidder Mathews, with Christopher "Chris" Steck, John Anthony, Christopher "Chris" Giordano, and Phillip "Phil" Taggart as the brokers representing the respective parties.
Players
Market Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93