New York City · Commercial sale
135 E 12th Owner buys 131 East 12 Street in Manhattan for $51.5 million
A dormitory at 131 East 12 Street, Manhattan sold for $51,500,000 on August 17, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $51,500,000
- Sold
- August 17, 2026
- Property type
- Dormitory
- Building area
- 58,578 sq ft
- Price per sq ft
- $879
- Year built
- 1989
A dormitory at 131 East 12th Street in Manhattan sold for $51,500,000 on August 17, 2026, according to the New York City Department of Finance's ACRIS property records. The sale price is 3.3 times the market value of $15,537,000 on record.
The New School sold the property to 135 E 12th Owner, LLC. According to the NYC Department of Finance's records, the building contains 58,578 square feet and sits on a 6,055-square-foot lot, making the price $879 per square foot.
The structure was built in 1989, according to the tax roll.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $1,351,875 for the nYC real property transfer tax (commercial/other) and $206,000 for the nY State real estate transfer tax. The seller's estimated net is $49,073,548 before brokerage commissions and any loan payoff. A cash buyer would need about $52,391,990 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026081800224001. Property details: NYC Department of Finance. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
