Archdiocese of NY plans to sell 124-year-old East Harlem church to property developer

Title: Historic East Harlem Church Up for Sale to Property Developer

The Archdiocese of New York is selling the historic Holy Rosary Church in East Harlem to property developer Kahen Development Group for $5 million. Built in 1900, the church has been deemed too dilapidated for further use and has been merged with another parish. The sale includes "air rights" on the lot, which could potentially lead to the demolition of the church and the construction of new residential buildings on the site. The Archdiocese cited financial burden and lack of resources as reasons for the sale.