The Real Deal New York

Archdiocese closes on portion of NYU property that it sold three years ago

September 24, 2012 12:30PM

After selling the vacant lot of its former Catholic Center at 58 Washington Square South at NYU three years ago for $25 million, the Archdiocese of New York has bought a section of NYU’s new Center for Academic and Spiritual Life on the same lot for $10 million.

The closing reportedly makes good on a 2009 agreement between the university and the Church that there would be a Roman Catholic Church presence at the site.

The new property, completed in May, rises five stories high and measures 92,000 square feet. The property has spaces inside for religious observance, including one for Catholic use, which is the portion of the building that the Archdiocese just bought back. All told, the new center has a chapel, a 200-person lecture hall, a confession room, a kitchen and other amenities. [NYO]