Tishman Speyer Acquires Development Site In Bronx From Roman Catholic Church For $20.6M
160 Van Cortlandt Park South, The Bronx, New York 10463, United States
$20,600,000
$105/SF
Building Size
194,566 SF
Asset Type
Development Site
Closing
Aug 15, 2022
AI
A development site located at 160 Van Cortlandt Park South in Bronx has been sold for a price of $20,600,000. The property is owned by the Roman Catholic Church. The transaction took place on 08/16/2022. The property has a building square footage (BSF) of 194,566 and a price per building square footage (PPBSF) of $105.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,600,000
- Date: 08/16/2022
- Address: 160 Van Cortlandt Park South
- Market: Bronx
- Buyer: Tishman Speyer - Joseph G. Doran
- Seller: Roman Catholic Church
- Building Square Footage (BSF): 194,566
- Price per Building Square Footage (PPBSF): $105
The buyer, Tishman Speyer, was represented by Joseph G. Doran. The Roman Catholic Church acted as the seller in this transaction.
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93