Real Estate

College Plans Sale of Manhattan Real Estate to CUNY to Pay Debt

The Metropolitan College of New York exterior at 60 West Street in New York. — The Metropolitan College of New York exterior at 60 West Street in New York.
Photographer: Tgeorgiou/Creative Commons

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By Amanda Albright and Elizabeth Rembert

August 27, 2025 at 2:15 PM UTC

A struggling college in New York City is planning to sell its Manhattan campus to The City University of New York, providing a reprieve for its bondholders.

CUNY intends to purchase the real estate located in the Financial District from the Metropolitan College of New York for $40 million, according to a regulatory filing dated Aug. 26.