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.
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