Updated Nov 28, 2024
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
About this deal
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.
On the Map
$20,600,000
$105/SF
Development Site
View full map
New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit Joseph G. Doran to view all their deals.
Browse New York development site sales on Traded.
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