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435 East 140th Street

Metropolitan New York Synod Of The Evangelical Lutheran Church In America Sells Church On East 140th Street In New York City For $995,000 With Meylin Maldonado - Compass
SOLDChurch

Metropolitan New York Synod Of The Evangelical Lutheran Church In America Sells Church On East 140th Street In New York City For $995,000 With Meylin Maldonado - Compass

435 East 140th Street

$995,000

$157/SF

Building Size

6,308 SF

Asset Type

Church

Closing

Apr 4, 2023

AI

The Metropolitan New York Synod of the Evangelical Lutheran Church in America has sold a church property located at 435 East 140th Street in New York City. The church, spanning 6,308 square feet, was sold for a price of $995,000, resulting in a price per square foot of $158.

Summary of transaction details:

  • Property Type: Church
  • Transaction Amount: $995,000
  • Address: 435 East 140th Street
  • Market: New York City

Meylin Maldonado from Compass represented the Metropolitan New York Synod of the Evangelical Lutheran Church in America in this transaction.

Players

Meylin Maldonado

Compass

Broker

$22.7M

vol

7 deals

Broker

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

15.94%

Cash-on-Cash

-4.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93