Wonder Works Construction obtained financing of $8M from BANK LEUMI USA

Wonder Works Construction through the entity WW1834, LLC as borrower signed a loan agreement with lender BANK LEUMI USA valued at $7.5 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 1834 3 Avenue in East Harlem. The deal closed on July 09, 2019 and was recorded on July 18, 2019.
The property contains a total of 48,531 square feet of built space. The property has 24,357 square feet of available development rights.
The average loan per buildable square foot is $155.

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel.There has been one new building permit application totaling 52,437 square feet. Those plans include a total of 71 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link