Property Overview: 88 University is an 11-story, 95,000 SF boutique office and retail property located in Greenwich Village at the intersection of 12th Street and University Place. With both retail suites occupied, the office space is 60% leased with 1.3 years of WALT.
Investment Overview: 88 University presents an off-market investment opportunity to acquire an institutionally owned asset in a supply constrained submarket for a highly attractive price. Given the existing vacancy today, and the near-term lease expirations, Acram plans to pre-build full-floor suites and deliver high-quality office product to the abundance of tenants in the Midtown South submarket.
Address:
88 University Place
New York, NY
Property:
95,000 sf Office Building
Acquisition Date:
March 2026
Strategy:
Value-Add
