John Sexton’s son scored NYU pad during housing shortage

No affiliation with school but Jed Sexton lived in university-owned apartment for five years

TRD New York /
Apr.April 16, 2014 05:00 PM

New York University president John Sexton, no stranger to real estate squabbles linked to the school, reportedly hooked his son up with a university-owned apartment for years.

Son Jed Sexton, who had no affiliation with the school other than his father is the NYU president, lived in a one-bedroom apartment at 240 Mercer Street during a “severe” housing shortage at the university, according to the New York Post. The younger Sexton took up residence in the new duplex in 2002 along with newlywed wife Danielle Decrette, and lived there for the next five years, according to documents cited by the Post and sources reportedly briefed on the situation.

The two floors of the pad were linked by a staircase installed at NYU’s expense, as well as a reconfigured heating, ventilation and air conditioning system, according to the Post.

“We don’t discuss the specifics of residents’ rent, though I can absolutely say [Jed Sexton] was charged rent,” NYU spokesperson John Beckman told the Post.

Beckman declined to comment to the Post on why NYU offered the apartment to Jed Sexton and his wife when faculty housing was reportedly squeezed.

The senior Sexton, who has tangled with faculty over the university’s neighborhood expansion plan and several other issues, will step down when his contract expires in 2016. [NYP]Julie Strickland


Related Articles

arrow_forward_ios
Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live

Hear from economist Sam Chandan on tonight’s TRD Talks Live
TriArch Real Estate Group founder Chris DeAngelis and Pebb Capital principal James Jago

Student housing property near NYU trades for $104M

Student housing property near NYU trades for $104M
From left: Stephen Ross, Scott Rechler, Maryanne Gilmartin, Marty Burger and William Rudin (Credit: Anuja Shakya for The Real Deal)

Unions at bay, but hostility for real estate worse than ever

Unions at bay, but hostility for real estate worse than ever
Cracking the university real estate code

Cracking the university real estate code

Cracking the university real estate code
Real estate has found its answer to startup culture in Opportunity Zones, panel says

Real estate has found its answer to startup culture in Opportunity Zones, panel says

Real estate has found its answer to startup culture in Opportunity Zones, panel says
Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents

Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents

Real estate execs say Amazon “is great” for New York but question if the city’s infrastructure can sustain new residents
Greenwich Village to Hollywood: NYU plans L.A. extension program for film

Greenwich Village to Hollywood: NYU plans L.A. extension program for film

Greenwich Village to Hollywood: NYU plans L.A. extension program for film
Manhattan closed sales dropped nearly 21% in July

Manhattan closed sales dropped nearly 21% in July

Manhattan closed sales dropped nearly 21% in July
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...