Touro College has scooped up a condo unit at Silverstein Properties and the Elad Group’s One West End.
The estimated price of the 67,000-square-foot unit is just below $70 million, the New York Post reported. The unit, which is located in the low-rise portion of the mixed-use tower at 625 West 59th Street, will serve as a dormitory for Touro’s Lander College for Women students.
Cushman & Wakefield’s Mark Weiss represented the developers. Richard Bernstein, also of Cushman, represented Touro. Weiss called the deal “an innovative re-invention of the space,” since the unit had originally been intended for office use.
The 42-story Upper West Side tower features 246 luxury condos, 116 affordable rental units and retail space. More than 75 percent of the residential units have been sold, according to Silverstein.