Tishman Speyer Acquires Development Site In Bronx From Roman Catholic Church For $20.6M
SOLD
$20,600,000
New York
See Similar DealsDevelopment Site194,566 SF
Sold 08/16/2022
SOLD
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
See Similar DealsDevelopment Site194,566 SF
Sold 08/16/2022
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$105
Total Square Footage:194,566 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,098,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$73,187.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,654.51
Annual Debt Service$1,171,854.12
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