Tankhouse paid $10M to THE UNITED METHODIST CITY SOCIETY

Tankhouse through the entity 450WSP LLC paid THE UNITED METHODIST CITY SOCIETY $10.0 million for 1 parcel, including the tax class church, synagogue, chapel (M1) at 195 Bond Street in Boerum Hill. The deal closed on June 28, 2019 and was recorded on July 15, 2019. The parcel(s) have total development potential of 51,750 square feet.
The average sale price per square foot is $329.
The estimated cap rate is 1.6%

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel.There has been one new building permit application totaling 31,594 square feet. Those plans include a total of 18 residential or hotel units. There has been one demolition project filed for the parcels over the past five years.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link