Back to School: NYU buys Greenwich Village resi building from Vornado for $45M

Property at 27 Washington Square North is seven stories tall with 27 apartments

New York /
Jun.June 22, 2018 04:08 PM

Steve Roth, Andrew Hamilton, and 27 Washington Square North (Credit: YouTube)

Vornado Realty Trust has sold a 27-unit residential building in Greenwich Village to New York University for $45 million, according to property records.

The building is located at 27 Washington Square North and stands seven stories tall. Vornado purchased it from Duell Management in 2015 for $20 million.

Representatives from Vornado and NYU did not immediately respond to requests for comment.

It was not immediately clear what the university plans to do with the new building, although it is located right by the heart of NYU’s Greenwich Village campus and may be part of the university’s massive “NYU 2031” expansion plan.

The Real Deal recently ranked the largest universities and colleges throughout New York by property holdings and found that NYU was in second place behind Columbia with roughly 12.8 million square feet across 110 properties.  The school is in the middle of building a new 735,000-square-foot building at 181 Mercer Street, roughly half a mile from 27 Washington Square North.

Vornado also recently announced that it was selling its stake in Kushner Companies’ 666 Fifth Avenue building for a net profit of $120 million.


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Watch TRD Brand Studio’s first-ever webinar on the new office normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
Optimizing the office: TRD Brand Studio webinar on the new workplace normal
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
arrow_forward_ios

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

Loading...