Bulldog Acquisitions And Acram Group Acquire Mixed-Use Property In Greenwich Village For $50M
88 University Place
$50,000,000
$500/SF
Building Size
100,000 SF
Asset Type
Mixed-use
Closing
Mar 25, 2026
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 88 University Place in Greenwich Village, Manhattan. The sale price for this asset was $50,000,000, covering a total square footage of 100,000, resulting in a price per square foot of $500.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $50,000,000
- Buyer: Bulldog Acquisitions & Acram Group
- Seller: CIM
- SF: 100,000
- PPSF: $500
- Lender: Bridge Invest
- Loan Amount: $42,250,000
- Loan Type: Acquisition Financing
- Brokers: Adam Spies, Adam Doneger, Douglas Harmon, Joshua King, Marcella Fasulo, Avery Silverstein, Michael Collins, Jordan Roeschlaub, Nick Scribani & Max Ralby - Newmark
The key individuals involved in the transaction include multiple brokers from Newmark, who managed the deal for both sides. The transaction was executed on March 25, 2026, showcasing a collaborative effort in a significant real estate deal in a prime Manhattan market.
On the Map
$50,000,000
$500/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93