Updated May 28, 2026
Chetrit Group & JDS Development Group Acquire Two Bridges Dev. Site For $100M
265 South Street, Manhattan, New York, NY, USA
$100,000,000
$336/SF
Building Size
297,063 SF
Asset Type
Development Site
Closing
Nov 19, 2021
About this deal
AI
No summary available.
The development site sale at 265 South Street, Manhattan, New York, NY, USA in New York, New York sold for $100M in 2021. Reported inventory is 297,063 square feet across 1300 units, or about 336 per square foot. Marcella Fasulo, Joshua King, Eric Roth, Douglas (Doug) Harmon appear on the sale alongside Newmark, Cushman & Wakefield. This page is the New York, New York file for the 265 South Street, Manhattan, New York, NY, USA development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 265 South Street, Manhattan, New York, NY, USA around 2021. Published consideration for 265 South Street, Manhattan, New York, NY, USA is $100M, dated 2021. Cite this Chetrit Group & JDS Development Group Acquire Two Bridges Dev. Site For $100M sale when underwriting similar development site product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93