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

To take your own bite out of the Big Apple, search for your new home here.

Subscribe by Email

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

Malcolm@ServiceYouCanTrust.com
Web site

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s