New York City · Commercial sale
School building at 97 Claremont Avenue in Manhattan sells for $122 million
A school building at 97 Claremont Avenue, Manhattan sold for $122,000,000 on July 15, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $122,000,000
- Sold
- July 15, 2026
- Property type
- School building
- Building area
- 78,397 sq ft
- Price per sq ft
- $1,556
- Year built
- 1931
A school building at 97 Claremont Avenue in Manhattan sold for $122,000,000 on July 15, 2026, according to the New York City Department of Finance's ACRIS property records. At the building size on record, the price works out to $1,556 per square foot.
The buyer is The Trustees of Columbia University in City of NY. The record lists three sellers: 99 Claremont Tic 2 Owner LLC, 99 Claremont Tic 1 Owner LLC and 99 Claremont Owner LLC.
The NYC Department of Finance's records show 78,397 square feet of building area, a 1931 construction date and a 14,350-square-foot lot. The market value on record is $8,407,000.
What this sale costs to close
What does closing cost at this price? Under New York City custom the seller's larger charges are $3,202,500 for the nYC real property transfer tax (commercial/other) and $488,000 for the nY State real estate transfer tax. The seller's estimated net is $116,072,401 before brokerage commissions and any loan payoff. A cash buyer would need about $124,278,842 at closing.
Source: NYC Department of Finance, ACRIS (NYC Open Data), document 2026072800374001. 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.
