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Iglesia Pentecostal La Santa Ciudad, Inc Acquires Retail Property In East Harlem For $3.1M
SOLD
$3,100,000
New York
See Similar DealsRetail4,500 SF
Sold 05/20/2026
SOLD
Iglesia Pentecostal La Santa Ciudad, Inc Acquires Retail Property In East Harlem For $3.1M
2323 1st Avenue
See Similar DealsRetail4,500 SF
Sold 05/20/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$688
Total Square Footage:4,500 SF
Transaction Type:Sale
A 4,500-square-foot retail property located at 2323 1st Avenue in Manhattan's East Harlem neighborhood was sold for $3.1 million. The property transaction closed on May 20, 2026, culminating in a price per square foot of $689.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Sale Date: May 20, 2026
- Buyer: Iglesia Pentecostal La Santa Ciudad, Inc
- Seller: 2323 1st Ave LLC
- Square Footage: 4,500
- Price Per Square Foot: $689
- Market: East Harlem, Manhattan
Iglesia Pentecostal La Santa Ciudad, Inc. completed the acquisition of the retail property from 2323 1st Ave LLC, facilitating a transaction that reflects the active real estate activity in the East Harlem market.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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