Isaac Chetrit pays $9.1M for bankrupt congregation’s mixed-use townhouse in Lenox Hill

Isaac Chetrit through the entity Patriarch TH LLC paid Congregation Achpretvia Tal Chaim Shar Hayushor, Inc. $9.1 million for 163 East 69th Street in Lenox Hill. The deal closed on April 30, 2020, and was recorded on May 12, 2020. The transaction consists of 1 parcel, including the tax class primarily four family with store or office (S4) and containing 4 residential units. The property is 8,300 square feet. The parcel(s) have total development potential of 10,033 square feet.
The average sale price per square foot is $907.

The sale went into contract February 3, 2020. The religious institution, founded in 1949, filed for bankruptcy in December 2016.

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