Deal sheet    Single Deal
51 Astor Place|Sales|02/21/2008
  • Event Sales
  • Address 51 Astor Place
  • Price $ 96,970,000
  • Borough Manhattan
  • Neighborhood East Village
  • Publication Date 04/01/2008
  • Deal Date 02/21/2008
  • Party 1 Cooper Union for Advancement of Science and Art
  • Party 1 Brokerage Savills Studley
  • Party 2 Edward J. Minskoff Equities
notes
The 99-year ground lease sold for $96.97 million. Minskoff plans to build a 410,000-square-foot mixed-use property on the site, with office and retail space and one floor reserved for educational use. The lease also entitles Cooper Union to participate in the property's future income. The new building is expected to be ready for occupancy by 2010.
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