An affiliate of property developer Extell Development Co. is in contract to acquire 102,170 square feet of development rights of The Church of St. Monica in New York City for approximately $35.8 million, The Real Deal reported, citing a legal petition by the church.

Extell also has an option to acquire an additional 6,748 square feet of development rights of the property at 406 E. 80th St. for $250 per square foot, according to the report.

The publication noted that an Extell representative did not respond to requests for comment about the matter.