NYC School Construction Authority pays $104M to Trinity Place Holdings for new school condo in Financial District

NYC School Construction Authority through the entity New York City School Construction Authority paid Trinity Place Holdings’s Tphgreenwich Owner LLC $104.4 million for 42 Trinity Place in Financial District. The deal closed on April 6, 2020, and was recorded on April 10, 2020. The transaction consists of one condominium unit.

The sale went into contract December 2017. The school condo unit is 83,776 square feet or $1,245 per square foot. Trinity Place Holdings is a public company led by Matthew Messinger. The school is at the base of the condominium building 77 Greenwich Street.

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