New York University continues to expand its footprint as one of the largest property owners in NYC, this week acquiring a 23-story luxury apartment building on the East Side of Manhattan.
NYU's Grossman School of Medicine has acquired the Lanthian, a 209-unit tower at 377 East 33rd Street that is adjacent to NYU Langone Health's Kimmel Pavilion inpatient care facility in the Kips Bay section of Manhattan.
The university bought the tower from California-based Verbena Road Holdings for $210M, which is significantly more than the reported asking price of $170M. Eastdil Secured marketed the property.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
