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
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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