The avid readers of Historicalness.com surely know that this blog’s third-ever post was about New York’s Trinity Church, its deep roots in the city, and its extensive property holdings in lower Manhattan (see the post here).
A few days ago, we learned that by one estimate the value of those properties today — stemming from the 215 acres gifted to the Church by Queen Anne in 1705 — is $2 billion. The Church’s latest figures show that it holds 14 acres with 5.5 million square feet of commercial space, mainly in the Hudson Square Area.
Here’s the map of their properties that I posted last time:
In addition to its estimated property value, the real estate generated $158 million in revenue in 2011.
Talk about a great long-term hold!