Yeshiva Har Torah pays $6M to Temple Torah of Little Neck for property in Little Neck

Yeshiva Har Torah through the entity Yeshiva Har Torah paid Temple Torah of Little Neck’s Temple Torah Of Little Neck, Inc. $6.3 million for 54-27 Little Neck Parkway in Little Neck. The deal closed on June 12, 2020, and was recorded on June 19, 2020. The transaction consists of 2 parcels, including the tax class church, synagogue, chapel (M1). The property is 26,989 square feet. The parcel(s) have total development potential of 43,404 square feet.
The average sale price per square foot is $144.

Temple Torah leased back the rabbi’s office and the main sanctuary. Temple Torah also provided a $5 million purchase money mortgage loan.

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