New center in New York City -a very worthy project

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pilgrim
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New center in New York City -a very worthy project

Post by pilgrim » Tue Jul 23, 2019 11:44 pm

Buddhist Insights needs another USD200k to buy a monastery in NYC. I don't know about property prices in New York but this seems awfully cheap. Looks like a wonderful opportunity not to be missed.
https://www.gofundme.com/buddhistinsightsretreatcenter

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JamesTheGiant
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Re: New center in New York City -a very worthy project

Post by JamesTheGiant » Wed Jul 24, 2019 1:02 am

It's cheap because it's the downpayment on the mortgage. The mortgage is cheaper than the rent on their current small building though, so that's great.
Looks like a good organisation.
https://www.vogue.it/en/news/daily-news ... -new-york/

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pilgrim
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Re: New center in New York City -a very worthy project

Post by pilgrim » Wed Jul 24, 2019 1:15 am

Bhante Sudhasso's bio .

Bhante Suddhāso has studied under the guidance of some of the most important names in Western Buddhism, such as Ajahn Pasanno, Ajahn Amaro, Ajahn Vīradhammo, and Bhante Gunaratana. He was initially trained in Soto Zen Buddhism at Tassajara Zen Mountain Center. Subsequently, he was ordained at Abhayagiri Buddhist Monastery in California, where he was trained in the Thai Forest Tradition of Theravāda Buddhism. Since then he has lived at a variety of monasteries from different Buddhist traditions in both rural and urban environments. A dedicated teacher, Suddhāso has taught to people of all different ages and walks of life, as well as college students of universities like Harvard, New York University, Fordham University, University of Mary Washington, Sarah Lawrence College, and Suffolk County Community College.

http://bhantesuddhaso.com/about/

Justsit
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Re: New center in New York City -a very worthy project

Post by Justsit » Wed Jul 24, 2019 1:35 pm

pilgrim wrote:
Tue Jul 23, 2019 11:44 pm
... buy a monastery in NYC. I don't know about property prices in New York but this seems awfully cheap.
https://www.gofundme.com/buddhistinsightsretreatcenter
The article mentions that the new monastery site is in Newark, New Jersey. Still not an inexpensive area, but prices are nowhere near as high as in NYC.

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DNS
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Re: New center in New York City -a very worthy project

Post by DNS » Wed Jul 24, 2019 4:16 pm

I googled the address of the monastery. It was a Christian monastery and is for sale for $1,100,000.

They were asking $1.5 M, then lowered it to $1.275 and now to $1.1 M. Hopefully, they have someone good negotiating for them. There are not a lot potential buyers of a very specific purpose monastery building. So assuming they could negotiate down to $900,000 and put $200,000 down, that would leave a mortgage of $700,000.

https://www.zillow.com/homedetails/29-R ... 7377_zpid/

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