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ARCHIOCESE OF NEW YORK - The Local East Village Blog - NYTimes.com


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ARCHIOCESE OF NEW YORK

Church Cleared to Be Sold for $41 Million: Evidence That Douglas Steiner Is Mystery Buyer


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5U5T0753Alberto Reyes Last mass at Mary Help of Christians

The Archdiocese of New York has been authorized to sell Mary Help of Christians Church for $41 million, and evidence points to Douglas C. Steiner, a developer of luxury residences and the owner of Steiner Studios, as the church’s prospective buyer.

Court documents obtained by The Local indicate that on Aug. 29, the Church of Mary Help of Christians and the Trustees of St. Patrick’s Cathedral filed a petition to sell the church property, including the church and school buildings at 436 East 12th Street, the rectory at 440 East 12th Street, and the parking lot (formerly home to the flea market) at 181 Avenue A. A State Supreme Court order, dated Sept. 6, authorized the sale to an entity identified only as 181 Avenue A, LLC. According to the documents, a contract dated May 11 indicated that the sellers had agreed to a total purchase price of $41 million, well above a Cushman & Wakefield appraisal that valued the property between $34 million and $37 million. Read more…