Jeffrey Simpson Acquires Commercial Property On University Place, Greenwich Village, Manhattan For $31M

A commercial property located at 88 University Place in Greenwich Village, Manhattan has been sold in a recent transaction. The property is zoned as C1-7 and spans a lot size of 6,750 square feet with dimensions of 31.75 ft x 110.83 ft. The last recorded sale of the property was on July 30, 2015, for a price of $70,000,000. An alteration permit was issued on August 29, 2019. The property has a floor area ratio (FAR) of 10.47 and falls under tax class 4.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $31,088,605
• Buyer: Jeffrey Simpson
• Market: Greenwich Village, Manhattan
• Building Square Footage: 40,635
• Price per Building Square Foot: $765
• Total Square Footage: 70,672
• Price per Square Foot: $439

Jeffrey Simpson, representing himself, has acquired the property at 88 University Place. The transaction closed on May 23, 2022.