clock menu more-arrow no yes

Filed under:

Condos In Nolita's Church Conversion Will Be Really Expensive

New, 3 comments

One of the last sweet vestiges of Nolita's personality, St. Patrick's Old Cathedral School on the corner of Prince and Mott streets, is going the way of condos, and unsurprisingly, they will be rather expensive. An offering plan for the building gleaned by The Real Deal elaborates on pricing for a few of the building's seven condos, but not the two 9,000-plus-square-foot townhouses that will accompany the conversion. Because the blockwide landmarked building will be converted into just seven condos, they will be large (and did we mention, expensive?); a 2,743-square-foot three-bedroom condo will ask $7.74 million, a 4,478-square-foot triplex will ask $11.9 million, and a 3,673-square-foot duplex with a 1,210-square-foot terrace will ask $12.5 million.

The former school at 34 Prince Street has been destined for the conversion since developers Hamlin Ventures and Time Equities acquired the building in December 2013. In its prior lives, the building has served as an orphanage, convent, and parochial school. The structure is just one of five in the St. Patrick's Old Cathedral complex, and was sold for $30.7 million to finance upkeep and repairs on the rest of the structures.
· Time Equities, Hamlin plan boutique condo at Nolita church [TRD]
· Former Prince St. Orphanage to Become Condos, Townhouses [Curbed]
· Mapping 26 NYC Houses of Worship Being Replaced By Condos [Curbed]
· All 32 Prince Street coverage [Curbed]