Daily limit: 0/10
David Taylor Of Acram Group Acquires Office Building At 88 University Place For $46M
SOLD
$46,000,000
New York
See Similar DealsOffice70,642 SF
Sold 03/24/2026
SOLD
David Taylor Of Acram Group Acquires Office Building At 88 University Place For $46M
88 University Place
See Similar DealsOffice70,642 SF
Sold 03/24/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$651
Total Square Footage:70,642 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,453,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$163,428.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$218,063.47
Annual Debt Service$2,616,761.62
Is there something missing? Send suggestions