Updated Oct 29, 2026
Timothy Quinlan Of Quinlan Development Group Acquires Former St. Brigid School For $35M
185 East 7th Street
Building Size
19,600 SF
Asset Type
School
Closing
Oct 27, 2026
About this deal
AI
The property asset involved in this transaction is a former school located at 185 East 7th Street in the East Village neighborhood of Manhattan. The property, which encompasses 19,600 square feet, is currently under contract for a price of $35,000,000. In addition to the school structure, this transaction includes 26,000 square feet of air rights and a nearby parking lot.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $35,000,000
- Address: 185 East 7th Street
- Market: East Village, Manhattan
- Square Footage: 19,600
- PPSF: $1,786
- Buyer: Timothy Quinlan
- Buyer's Company: Quinlan Development Group
Timothy Quinlan is associated with Quinlan Development Group, the buyer of the property. This group is engaged in acquiring the former St. Brigid School, which forms a part of this substantial transaction in Manhattan’s East Village.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93