Coptic Orthodox Patriarchate – Diocese Of New York paid $18M to Roman Catholic Church Of Saint John The Evangelist

Coptic Orthodox Patriarchate – Diocese Of New York paid Roman Catholic Church Of Saint John The Evangelist $17.8 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 parcel(s) have total development potential of 44,756 square feet.
The average sale price per square foot is $664.
The estimated cap rate is 3.1%

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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