Wonder Works Construction Corp. borrows $30M from Bank Leumi for new cosntruction in East Harlem

Joseph Klaynberg’s Wonder Works Construction Corp. through the entity WW1834, LLC as borrower signed a new construction loan agreement with lender Bank Leumi USA valued at $30 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 1834 3rd Avenue in East Harlem. The deal closed on March 5, 2020 and was recorded on March 13, 2020.

The last time the property sold was July 9, 2019, for $13,400,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications 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 $40,000. There has been one new building permit application totaling 52,492 square feet. Those plans include a total of 71 residential or hotel units. There has been one demolition project filed for the parcels over the past five years. The demolition included 2 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link