Oct 6, 2013

Cathedral of St John the Divine building Apartments


Churches sell buildings and parcels to real estate developers

The General Theological Seminary, an episcopal seminary in Chelsea, has sold another building to the Brodsky Organization, a large Manhattan-based residential management and development firm.

The religious organization has been in the process of selling a number of buildings to the developer to convert to luxury condominiums since 2010, when it encountered financial trouble. The seminary just sold 445 West 20th Street, between Ninth and 10th avenues, to Brodsky.

Now The Real Deal reports The Cathedral of St John the Divine in Morningside Heights will be building apartments on its Upper West Side property. 428 residential apartments, at Amsterdam Avenue and 113th Street.  The project would rise 15 stories, or 149 feet.


The two-building project, undertaken to support the cathedral financially, will be constructed under the 80/20 Housing Program (which allows for 80 percent market-rate while requiring 20 percent affordably-priced apartments)

The church signed an agreement last month with Brodsky, to lease the parcel. Brodsky will pay rent for the land, but the religious organization is not co-developing the site nor will it profit directly from the apartment building, 

Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.




Cathedral Church of Saint John the Divine, an awesome landmark in Morningside Heights.
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.

- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.

- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.
- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.
- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world
- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world
- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world
- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.

- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf
Located at 1047 Amsterdam Avenue New York, NY 10025 (between West 110th Street, which is also known as "Cathedral Parkway", and 113 Street) in Manhattan's Morningside Heights, the cathedral is claimed to be the largest cathedral and Anglican church and third largest Christian church in the world.

- See more at: http://activerain.com/blogsview/1893458/speechless-sunday-awesome-cathedral-of-saint-john-the-divine#sthash.rh6aj7PL.dpuf

comments

1 Response to "Cathedral of St John the Divine building Apartments"
  1. TracyRoberts said...
    November 14, 2013

    Well to0 find an apartment being sold in the city like Chelsea sounds real surprising well it will be of great benefit to the real estate developers. Specially to those looking forward to Manhattan student housing.

Post a Comment

All related comments are welcome. Spam will be deleted.

 
HOME

Web Analytics

Clicky

This site and its feeds are owned and operated by Mitchell Hall, a NY State licensed real estate associate broker associated with The Corcoran Group and member of the Real Estate Board of New York.

Legal Disclaimer - The opinions expressed here are those of the authors and do not neccessarily reflect the opinions or policy of The Corcoran Group. This site is not the official website of The Corcoran Group or its affiliated companies, and neither The Corcoran Group nor its affiliated companies in any way warrant the accuracy of any information contained herein. Any product and/or services offered for sale on this website shall not be considered an offer to sell such goods and/or services in any state other than New York.

Legal Disclaimer - Information on this site is not intended as legal or financial advice. - All material herein is intended for information purposes only and has been complied from sources deemed reliable. Though information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. I operate a business that supports Fair Housing.“We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program which there are no barriers to obtain housing because of race, color, religion, sex, handicap, familiar status or national origin.”

Copyright 2006 -2013 nyc BLOG estate All Rights Reserved