Coptic Orthodox Patriarchate – Diocese Of New York obtained financing of $6M from Bank Of New Jersey

Coptic Orthodox Patriarchate – Diocese Of New York as borrower signed a loan agreement with lender Bank Of New Jersey valued at $5.5 million for 2 parcels, including the tax class parsonage, rectory (M3) at 237 East 62 Street, 241 East 62 Street in Lenox Hill. The deal closed on July 19, 2019 and was recorded on August 14, 2019.
The property contains a total of 26,797 square feet of built space. The property has 17,959 square feet of available development rights.
The average loan per buildable square foot is $205.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $30,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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