facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Other

/

Sale

/

1834 3rd Ave, New York, NY ...

Wonderworks Construction Corp Acquires Southeast Harlem Property From St. Cecilia & Holy Agony Roman Catholic Church For $13.4M With $7.5M Loan From Bank Leumi
SOLDOther

Wonderworks Construction Corp Acquires Southeast Harlem Property From St. Cecilia & Holy Agony Roman Catholic Church For $13.4M With $7.5M Loan From Bank Leumi

1834 3rd Ave, New York, NY 10029, USA

$13,400,000

$1,656/SF

Building Size

8,092 SF

Asset Type

Other

Closing

Nov 28, 2020

AI

Located in Southeast Harlem, the property at 1834 Third Ave. was recently sold for a purchase price of $13,400,000. The deal included a loan amount of $7,500,000 from Bank Leumi. The transaction involved Wonderworks Construction Corp as the buyer and St. Cecilia & Holy Agony Roman Catholic Church as the seller.

Summary of transaction details

  • Property Type: Not specified
  • Transaction Amount: $13,400,000
  • Loan Amount: $7,500,000
  • Buyer: Wonderworks Construction Corp
  • Seller: St. Cecilia & Holy Agony Roman Catholic Church
  • Lender: Bank Leumi

The mortgage brokers involved in this transaction were Morris Betesh, Tamir Kazaz, and Alex Bailkin. No additional details were provided.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$13.2B

vol

224 deals

Broker
WC
Wonderworks Construction CorpBuyer
SC
St. Cecilia & Holy Agony Roman Catholic ChurchSeller

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93