Does It Take $5.6 Million in Real Estate to Lure a Professor to the Village?


The image of the humble professor living in a modest abode is quickly fading in the light of recent purchases by NYU Law School. According to building insiders, the institution recently purchased two apartments at the super chic, avant-garde 166 Perry Street, with plans to combine them into a home for a professor that would put some Wall Street moguls to shame. The first is a 1,875-square-foot corner unit, with views of the Hudson, ten-foot ceilings, two bedrooms, and a home office, purchased for $3.5 million. The adjoining unit was purchased for $2.1 million. According to sources, the apartments were originally intended as carrot to help lure constitutional law expert Daryl Levinson back from Harvard to NYU, but NYU Law spokesman Michael Orey says the lucky inhabitant has not yet been chosen. “It is undecided who will be living there or if the two apartments will be combined. One of NYU Law’s great assets is its location in the heart of New York City. But one disadvantage of New York is the high cost of real estate, and NYU competes for faculty in a national marketplace. To assist with recruitment and retention of leading scholars, NYU, like virtually all major universities, may offer assistance with housing.”