Archdiocese of New York Closes Righteous Deal with NYU

Three years after having sold to New York University for $25 million the vacant area of its former Catholic Center at NYU, the Archdiocese of New York has bought back a section of the new building just completed on that same lot for $10 million.

It may or may not be God’s will, but overall, the Archdiocese has reported a $15 million profit, leaving to NYU the burden of the construction and has just celebrated the opening of a new 10,000-square-foot center on Washington Square Park South.
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