Community Church of NY expands East 35th portfolio with $6.1M purchase in Garment District

The Community Church of New York paid Nobumasa and Flora Asano’s N & F Asano Realty LLC $6.1 million for 24 East 35th Street in Garment District. The deal closed on October 1, 2020, and was recorded on October 17, 2020. The transaction consists of 1 parcel, including the tax class primarily two family with store or office (S2) and containing 2 residential units. The property is 5,957 square feet. The parcel(s) have total development potential of 18,366 square feet.
The average sale price per square foot is $329.

With this purchase, the church owns six adjacent parcels along 35th Street spanning just under 200 feet of frontage. The contract date was July 22, 2020. The deed is restricted to the physical building and does not convey the air rights connected to the parcel, which remain with the Asanos.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link