David Taylor Of Acram Group Acquires Office Building At 88 University Place For $46M
88 University Place
$46,000,000
$651/SF
Building Size
70,642 SF
Asset Type
Office
Closing
Mar 24, 2026
AI
A 70,642-square-foot office building located at 88 University Place in Greenwich Village, Manhattan was sold for $46 million. The property was acquired at a price of approximately $651 per square foot, indicative of its positioning in the mid-market office sector within the Manhattan corridor.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $46,000,000
- Buyer: David Taylor - Acram Group
- Seller: David Thompson
- Square Footage: 70,642
- Price Per Square Foot: $651
- Market: Greenwich Village, Manhattan
This transaction involved David Taylor representing Acram Group in the purchase from seller David Thompson. The deal reflects a notable acquisition in the office market segment of Manhattan.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93