New York University Purchases Student Housing At 35 Cooper Square For $69.2 Million

New York University acquired a student housing asset located at 35 Cooper Square in the East Village neighborhood of Manhattan. The property spans 45,082 square feet and was sold for $69.2 million, translating to a price per square foot of approximately $1,535.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $69,200,000
• Address: 35 Cooper Square
• Market: East Village, Manhattan
• Square Footage: 45,082
• Price Per Square Foot: $1,535
• Buyer: Martin S. Dorph - New York University
• Seller: Jeffrey Katz - Sherwood Equities & Arun Bhatia Development Organization

The deal involved key figures Martin S. Dorph representing New York University, and Jeffrey Katz along with Arun Bhatia representing Sherwood Equities and the Development Organization. This transaction highlights the collaboration between the buyer and sellers in securing the student housing facility.