Buyer is found for bankrupt Harlem church

227 Lenox Avenue

That Harlem church in a brownstone building on Lenox Avenue has found a buyer prior to its scheduled auction.

Vice President Richard Maltz of the David R. Maltz & Co. auction firm told me in a telephone interview that a purchaser offered $1.166 million, including a 6 percent buyer’s premium, on Jan. 18, the first day that the property was available for inspection.  He declined to identify the buyer in what he described as company policy. 

The offer was accepted by the secured party and awaits final court approval, which, Maltz said, was all but certain.

Springfield Missionary Baptist Church configured the 6,398-sf building at 227 Lenox Ave. for worship on the ground floor.  The brownstone also includes four apartments on the upper levels, is in need of renovation and lacks a proper certificate of occupancy.

The remaining properties in the auction will be offered at 11 a.m. on Feb. 2 at the LaGuardia Marriott, 102-05 Ditmars Blvd., East Elmhurst.

Tomorrow:  Certainty trumps price

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201
Web site

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