Title: WHY IS THIS DEAL BETTER THAN OTHERS
1HARLEM ISLAMIC CULTURAL CENTER
2The Property
Located in Harlem between Park Avenue and
Lexington Avenue, 180 East 128th Street consists
of a two-story building with two units inside.
The building measures approximately 6,264 square
feet and is zoned M1-2 with a FAR of 1.04. M1-2
zoning allows for houses of worship as-of-right.
The property currently belongs to Northeast
Holding Inc.
Dimensions
Zoning M1-2
3FUNDRAISING NEEDS
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
4FUNDRAISING FACTS
- We have raised over 300,000.
- We need to raise another 300,000 to purchase
the property - We need to raise another 200,000 in order to
start - construction immediately upon closing.
- The financing is Sharia-compliant at a fixed
monthly payment - of 8,432
-
- The remaining amount shall be paid over the
next ten years. - The property has a retail space on the ground
floor which will - generate an income for the mosque at a rate
of 3,500 per
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
5Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
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8ACTUAL DEAL
PURCHASE PRICE The purchase Price for the
Property is one Million Eight Hundred
Seventy-Five Thousand Seven Hundred Fifty
(1,875, 750) Dollars, which shall be paid by
Purchaser to Seller, as follows
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
9- Fifty Thousand (50,000) The Deposit on the
signing of this agreement. - Five Hundred Twenty-Five Thousand Seven Hundred
Fifty (525,750) on the Closing date. - One Million Three Hundred Thousand (1,300,000)
Dollars shall be paid to Seller by execution and
delivery of a note secured by a purchase money
mortgage drawn by seller.
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
10- TOTAL PAYMENTS AFTER 10 YEARS AT 6.75
1,134,794 - There is actually no interest. This amount
reflects the original purchase price.
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
11The Photos
108 EAST 128TH STREET SIDE VIEW
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
12FRONT VIEW
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
13BACK VIEW
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
14HARLEM ISLAMIC CENTER OF NEW YORK
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
Artist rendering of the new Mosque
15Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
16THE HIGHLIGHTS
- Mosque Cultural Center
- The Mosques in Harlem
- The Mosques in Harlem, like most Mosques
around the city, - are overflowing with worshippers,
especially for Friday - prayers.
- Our intention is to establish a Mosque,
school and - Community Center in East Harlem where all
Muslims and - non-Muslims can congregate to pray, learn
about Islam and - grow on the straight path of Allahs
Blessings. - The Harlem Islamic Cultural Center will be an
institution - where all Muslims can congregate, learn,
teach and grow. - The Property
- Valued at about 1.9M, the 6,000 square feet
building is - located between Park and Lexington Avenues
in Harlem, - New York City.
Fi SabeelAllah, kindly send your donations
(which are tax deductible) to the following
address TIC of New York c/o SOHO Properties 552
Broadway, Suite 6N New York, New York 10012 Our
tax ID number is 13-4150532
17THE COMMUNITY CENTER
- The vision is to create a Community Center venue
for worship, - teaching, dialogue, exchange and raising
awareness, as well as - culture, education and social support for the
Northern - Manhattan public.
- Objectives for the Center include
- School for Islamic Education and Dawah
(Teaching Quran) - Classes for Fiqh (Islamic jurisprudence) and
Hadith (traditions of the Prophet, Peace and
Blessing Upon Him) - Adult Education Classes
- Family Services family and marriage counseling,
conflict resolution and guidance on child care - Career Job Counseling
- Addiction Counseling Islamic guidance to help
those suffering with alcoholism, drug abuse,
gambling and other addictions