Sales Beat

Student Housing Developer Picks Up Former CUNY Space for $62 M

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Corigin Real Estate Group has closed on its purchase of a seven-story Art Deco building at 535 East 80th Street, formerly occupied by the City University of New York, for $61.75, city records confirm.

The firm purchased the building from the Dormitory Authority of the State of New York, according to the city records.

Corigin Real Estate Group’s history indicates that a development project could be in the works at the property, as the firm has built, renovated and/or repositioned at least five student housing facilities in New York City, all of which are leased to New York University. Read More