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160 Van Cortlandt Park Sout...

Tishman Speyer Acquires Development Site In Bronx From Roman Catholic Church For $20.6M
SOLDDevelopment Site

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.

Players

Joseph G. Doran

Tishman Speyer

Buyer

$152.9M

vol

2 deals

Buyer
RC
Roman Catholic ChurchSeller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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