Sharon Kahen Of Kahen Properties Acquires Church Property In East Harlem For $5M

The asset involved in this transaction is a church building and an adjacent property located at 442 East 119th Street and 444 East 119th Street in East Harlem, Manhattan. The sale price for this property was $5,000,000, with a total square footage of 45,046 and a price per square foot of $111.

Summary of transaction details:

• Property Type: Church
• Transaction Amount: $5,000,000
• Buyer: Sharon Kahen - Kahen Properties
• Seller: Roman Catholic Church of Saint Paul & Holy Rosary
• Brokers: Alexander Taic, Erik Moloney, Michael Tortorici, Shimon Shkury, Victor Sozio - Ariel Property Advisors

Kahen Properties, through Kahen Development Group LLC, has finalized the agreement to acquire the property from the Roman Catholic Church of Saint Paul and Holy Rosary, marking a significant transaction in the East Harlem market.