Updated Oct 28, 2024
New York City School Construction Authority Acquires Development Site In Kingsbridge For $8.4M
178 Van Cortlandt Park South, The Bronx, New York 10463, United States
$8,437,616
Building Size
—
Asset Type
Development Site
Closing
Aug 15, 2022
About this deal
AI
A development site located at 178 Van Cortland Park South in Kingsbridge has been sold for $8,437,616. The property was purchased by The New York City School Construction Authority, represented by Nina Kubota, from the Roman Catholic Church, represented by Rev. Michael P Kerrigan.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,437,616
- Buyer: The New York City School Construction Authority - Nina Kubota
- Seller: Roman Catholic Church - Rev. Michael P Kerrigan
This transaction marks the sale of the development site at 178 Van Cortland Park South in Kingsbridge. The buyer, The New York City School Construction Authority, represented by Nina Kubota, acquired the property from the seller, the Roman Catholic Church, represented by Rev. Michael P Kerrigan.
On the Map
$8,437,616
Development Site
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.88%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93