Union Theological Seminary Acquires 27 Condo Units In Morningside Heights, Manhattan For $23.5M

Union Theological Seminary has acquired 27 unsold condominium units at 100 Claremont Avenue in Morningside Heights, Manhattan. The purchase price for this transaction was $23.5 million, with a per unit cost of $870,370. The seller, Lendlease, completed the deal with the buyer on September 15, 2023. This property asset is a condo located in the lively market of Morningside Heights, offering a prime location in Manhattan.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $23,500,000
• Units: 27
• Price per Unit (PPU): $870,370
• Market: Morningside Heights, Manhattan
• Date: September 15, 2023
• Buyer: L. Serene Jones - Union Theological Seminary
• Seller: Caaminee Pandit Vecchio - Lendlease

This significant deal was brokered by Caaminee Pandit Vecchio, representing Lendlease, and L. Serene Jones, acting on behalf of Union Theological Seminary. The purchase of these 27 condo units marks an important milestone for Union Theological Seminary in expanding its real estate portfolio. With this acquisition, they have further strengthened their presence in the vibrant Morningside Heights area of Manhattan.