SOLDStudent Housing
Columbia University Acquires Student Housing in Morningside Heights for $122M
99 Claremont Avenue
$122,000,000
$1,525/SF
Building Size
80,000 SF
Asset Type
Student Housing
Closing
Jul 17, 2026
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New York Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93