Wonderworks Construction Corp Acquires Multifamily Property In Southeast Harlem For $13.4M

Wonderworks Construction Corp has recently purchased a multifamily property in Southeast Harlem. The property, located at 1834 Third Ave., was sold by St. Cecilia & Holy Agony Roman Catholic Church. The transaction took place on July 18, 2019, and was facilitated by Bank Leumi, who provided a loan amount of $7,500,000. The purchase price for the property was $13,400,000.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $13,400,000
• Address: 1834 Third Ave.
• Market: Southeast Harlem
• Buyer: Wonderworks Construction Corp
• Seller: St. Cecilia & Holy Agony Roman Catholic Church
• Lender: Bank Leumi
• Loan Amount: $7,500,000

The deal involved several individuals and companies, including Alex Bailkin, Joseph Klaynberg, Morris Betesh, Eric Brody, and Tamir Kazaz. Alex Bailkin, Morris Betesh, and Tamir Kazaz served as mortgage brokers in the transaction. Additional information regarding the property's square footage or any other specific details is not available.