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265 South Street, Manhattan...

Updated May 28, 2026

Chetrit Group & JDS Development Group Acquire Two Bridges Dev. Site For $100M
SOLDDevelopment Site

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

Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$73B

vol

270 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Chetrit Group
Chetrit GroupBuyer
CIM Group
CIM GroupSeller
CIM Group
CIM GroupLender

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $336 per square foot on a published $100M for 297,063 square feet (2021).

Visit Marcella Fasulo to view all their deals.

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

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