NYU closes on Gramercy Green for $275M

New York University has closed on its purchase of the Gramercy Green condo building from developer J.D. Carlisle for $275 million. NYU is turning the 21-story building at 23rd Street and Third Avenue into a dorm. The building had been marketed to Irish buyers before NYU decided to buy it in February. The sale of the tower at 310 Third Avenue, which includes two commercial condo units, appeared in city records today. It houses about 900 undergraduates and was easily the most popular dorm when students selected housing this spring. TRD

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