Archdiocese of New York

real estate trends

All Saints Church in Harlem, via NYC & Company

The Archdiocese of New York announced that 12 Catholic churches in Manhattan and The Bronx may be sold after declaring them no longer sacred sites for worship. As DNAinfo reported, the Catholic church released a list of properties, including some that had been shuttered since around 2015 when the church restructured many of its parishes by merging many together. After the diocese quietly posted the decrees over the July Fourth holiday weekend, many parishioners were angry that they had less time to appeal. Now some fear the churches will be converted luxury housing building, which has happened many times in the past few years due to the financial pressure on churches.

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New Developments, Recent Sales, Soho

233 mott street nyc, St. Patrick's Old Cathedral School

On Christmas Eve 2013, the cash-strapped Archdiocese of New York put St. Patrick’s Old Cathedral School on the market for $29 million. Now it looks like Time Equities has purchased the Little Italy property, throwing down $32 million, according to city records filed today (233 Mott and 32 Prince).

Plans to turn the school into condos have been in the works since October 2013, when it was reported that the building was in the process of being sold off to Hamlin Ventures, with re-vamps provided by Marvel Architects. Though records show Time as the buyer, the two developers are joining forces to turn the sprawling 14,925-square-foot former orphanage/convent/school into two single-family homes and eight luxury condos.

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