116 University Place Full-Floor Greenwich Village Living by Morris Adjmi
Overview
116 University Place stands as one of Greenwich Village's most discreet residential offerings — a boutique condominium of just five full-floor residences designed by Morris Adjmi Architects. Completed in 2018, the six-story building marries the neighborhood's storied architectural heritage with contemporary craft, featuring a corbelled brick facade that nods to the Village's historic streetscape while announcing something unmistakably new.
Inside, each residence occupies an entire floor, delivering the spatial generosity and privacy of a townhouse with the convenience of condominium living. Interiors showcase Smallbone of Devizes kitchens — the revered British cabinetmaker rarely found in New York residential projects — paired with Calacatta marble countertops and backsplashes that elevate every surface to gallery-level refinement.
For discerning buyers who value exclusivity over spectacle, 116 University Place offers something increasingly rare in Manhattan: genuine scarcity. With only five homes in the entire building, residents enjoy an intimacy and sense of ownership that larger developments simply cannot replicate.
116 University Place at a Glance
116 University Place, New York, NY 10003
Ranger Properties & Sagamore Capital
Morris Adjmi Architects
2018
5
6
Condominium
Greenwich Village
116 University Place Condos for Sale
Why Buyers Choose 116 University Place
116 University Place attracts buyers who understand that true luxury is measured in scarcity and craftsmanship, not in amenity counts.
Unmatched Exclusivity
With only five residences in the entire building, 116 University Place offers a level of privacy and exclusivity that is virtually impossible to find in new Greenwich Village construction. One residence per floor means no shared hallways and complete spatial autonomy.
Smallbone Kitchens — A New York Rarity
Smallbone of Devizes kitchens are a hallmark of the world's finest residences. Finding this level of bespoke British cabinetmaking in a Manhattan condominium is exceptional, and it signals a developer commitment to craft over convention.
Morris Adjmi's Contextual Design
Morris Adjmi's corbelled brick facade does not simply decorate — it converses with the Village's architectural legacy. Buyers here invest in a building that will age gracefully and maintain its relevance within one of Manhattan's most architecturally sensitive neighborhoods.
Greenwich Village Walkability
Steps from Union Square's transit hub, greenmarket, and restaurant scene, 116 University Place delivers daily convenience that penthouse towers in less connected neighborhoods cannot replicate. This is true Village living at its most refined.
Our Take on 116 University Place
116 University Place is not a building that markets itself — and that is a significant part of its appeal. With only five full-floor residences, it operates below the radar of most Manhattan buyers, which is exactly what its residents prefer. For our clients seeking Greenwich Village addresses with genuine exclusivity, this is consistently among our first recommendations.
The Smallbone kitchens and Calacatta marble finishes place the interiors firmly in the ultra-luxury category, while Morris Adjmi's architecture ensures the building contributes meaningfully to the Village streetscape. Unlike many boutique developments that sacrifice location for novelty, 116 University Place delivers both — a one-minute walk to Union Square is an extraordinary convenience.
From an investment perspective, the extreme scarcity of this building works strongly in owners' favor. Resale inventory at 116 University Place is rare by definition, and Greenwich Village's enduring desirability provides a stable foundation for long-term appreciation. For buyers who prioritize discretion and quality over spectacle, this building merits serious consideration.
International Buyers Welcome
Foreign nationals can purchase condominiums in Manhattan with no visa or residency requirements. Many international buyers use LLCs for privacy and estate planning. Manhattan Miami specializes in guiding international buyers through the acquisition process, from financing options to closing procedures.
Read Our International Buyer Guide →About 116 University Place
116 University Place represents a rare intersection of Greenwich Village heritage and contemporary luxury. Designed by Morris Adjmi Architects, the six-story condominium delivers just five full-floor residences — an offering so limited that it barely registers on the Manhattan development landscape, and that is precisely the point. For buyers seeking discretion and genuine scarcity, few addresses in the Village compete.
The building's corbelled brick facade speaks the architectural language of Greenwich Village while signaling a refined modernity within. Inside, Smallbone of Devizes kitchens anchor each residence with British craftsmanship rarely encountered in New York, complemented by Calacatta marble surfaces and wide-plank European oak flooring that together create interiors of understated sophistication.
Location amplifies the appeal considerably. Positioned on University Place between 12th and 13th Streets, residents are a one-minute walk from Union Square — one of Manhattan's most dynamic public spaces and transit hubs. The surrounding blocks offer some of the city's finest dining, from Gramercy Tavern to Blue Hill, while the independent shops and cultural institutions that define the Village are literally at the doorstep.
For our clients evaluating Greenwich Village opportunities, 116 University Place occupies a distinct niche: the full-floor townhouse alternative in condominium form. With only five residences, the building offers a level of privacy and exclusivity that larger developments cannot match, while Morris Adjmi's design ensures the architecture itself is a lasting asset. In a neighborhood where new construction is exceedingly rare, this building's long-term value proposition is compelling.
Explore luxury condos in New York City or view Billionaires' Row for ultra-luxury developments. For international buyers, see our NYC guide for foreign purchasers.
Residence Collection
Full-Floor Residence
2,400–2,800 SF
Premium Full-Floor
2,800–3,200 SF
Penthouse
3,200+ SF
Residences from $6,750,000
World-Class Amenities
Smallbone of Devizes Kitchens
Each residence features handcrafted Smallbone kitchens — the legendary British cabinetmaker's bespoke designs paired with Calacatta marble and top-tier integrated appliances.
Full-Floor Privacy
With only one residence per floor, every home offers a private elevator landing and the spatial freedom of townhouse living without shared walls or hallways.
Greenwich Village Address
Set on University Place between 12th and 13th Streets, residents are steps from Union Square, world-class dining, and the cultural richness of the Village.
Kitchen & Bath
- Smallbone of Devizes cabinetry
- Calacatta marble countertops and backsplashes
- Integrated Sub-Zero and Wolf appliances
- Radiant heated bathroom floors
Interior Finishes
- Wide-plank European white oak flooring
- Ceiling heights exceeding 10 feet
- Oversized casement windows
- Custom millwork throughout
Building Services
- Private keyed elevator access
- Full-time virtual doorman system
- Secure package room
- Bicycle storage
Climate & Systems
- Individual central HVAC systems
- In-unit Miele washer and dryer
- Multi-zone climate control
- Energy-efficient building systems
Private Outdoor Space
- Shared rooftop terrace
- Penthouse private terrace
- Landscaped communal areas
- Al fresco entertaining options
Technology
- Pre-wired for smart home integration
- High-speed fiber optic connectivity
- Lutron lighting control systems
- USB and integrated charging stations
Security
- 24/7 virtual doorman
- Private keyed elevator
- Video intercom system
- Secure entry with fob access
Storage
- Private storage available
- Secure bicycle room
- Package room with cold storage
- Walk-in closets in every residence
The Visionaries
Morris Adjmi
Architect
Greenwich Village — Manhattan's Cultural Heartbeat
116 University Place places you at the crossroads of Greenwich Village's legendary cultural heritage and modern Manhattan convenience. Steps from Union Square's greenmarket and surrounded by some of the city's finest restaurants, galleries, and boutiques, this address delivers an authentic Village lifestyle that few new developments can match.
Dining & Nightlife
Greenwich Village boasts one of the densest collections of acclaimed restaurants in Manhattan, from intimate Italian trattorias to Michelin-starred destinations.
Parks & Green Space
Union Square Park anchors the neighborhood with its iconic greenmarket, seasonal events, and open green space — a daily amenity just steps from the front door.
Shopping & Culture
From the independent bookshops of the Village to the flagship stores along Broadway, this location offers shopping and cultural experiences unmatched anywhere in the city.
Transportation
Union Square is one of Manhattan's most connected transit hubs, offering access to the 4/5/6, N/Q/R/W, and L subway lines — reaching virtually every corner of the city within minutes.
What Buyers Cross-Shop Against
Buyers considering 116 University Place typically also evaluate these buildings
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Andre Kikoski Architect
NoLita
10 Sullivan
Cary Tamarkin / Tamarkin Co.
SoHo / Hudson Square
140 Jane Street
Leroy Street Studio
West Village
25 Bond Street
BKSK Architects
NoHo
The Schumacher at 36 Bleecker
Morris Adjmi Architects
NoHo
40 Bleecker Street
Rawlings Architects
NoHo
40 Bond Street
Herzog & de Meuron
NoHo
42 Crosby Street
Selldorf Architects
SoHo
565 Broome SoHo
Renzo Piano Building Workshop
SoHo
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Frequently Asked Questions
How many residences are at 116 University Place?
116 University Place consists of just five full-floor residences across six stories, making it one of the most exclusive boutique condominiums in Greenwich Village. Each home occupies an entire floor with a private elevator landing.
Who designed 116 University Place?
The building was designed by Morris Adjmi Architects, known for contextual designs that honor neighborhood character. The corbelled brick facade reflects the historic architectural language of Greenwich Village while introducing a distinctly modern sensibility.
What are Smallbone of Devizes kitchens?
Smallbone of Devizes is a prestigious British cabinetmaker founded in 1976, renowned for handcrafted, bespoke kitchen designs. At 116 University Place, each residence features custom Smallbone kitchens — a rare distinction in New York City residential development.
What is the Greenwich Village neighborhood like?
Greenwich Village is one of Manhattan's most coveted neighborhoods, celebrated for its tree-lined streets, historic townhouses, vibrant cultural scene, and world-class dining. 116 University Place sits steps from Union Square, offering unmatched convenience alongside Village charm.
Are there outdoor spaces at 116 University Place?
The building features a shared rooftop terrace available to all residents, and the penthouse residence includes a private terrace with sweeping views over the Greenwich Village skyline and beyond.
What is the price range at 116 University Place?
Residences at 116 University Place are priced from approximately $6.75 million. Pricing reflects the building's exceptional scarcity — only five homes — along with bespoke finishes including Smallbone kitchens and Calacatta marble throughout.
Your 116 University Place Awaits
Our specialists will provide personalized pricing, floor plans, and exclusive developer incentives.
116 University Place, New York, NY 10003
Manhattan Real Estate Market Intelligence
Market Context: Manhattan luxury condominium pricing is segmented by sub-market. The Billionaires’ Row corridor (57th Street, between Park Avenue and Columbus Circle) carries the highest price-per-foot in the United States, with trophy residences trading $4,000-$10,000+ per SF. Downtown Manhattan (Tribeca, West Village, Soho) has its own ultra-luxury tier driven by limited supply of new development. Upper East Side and Upper West Side condo medians sit materially below downtown trophy levels but offer larger floor plates and Central Park access. Pricing in Manhattan is sensitive to interest rates, mansion-tax brackets, and the offering-plan stage of any given building.
Entity Insight: Sponsor-direct new development in 2026 includes 80 Clarkson (West Village), 255 East 77th (Upper East Side), 140 Jane (West Village), 1122 Madison (Carnegie Hill), and Mandarin Oriental Fifth Avenue. Completed buildings with sponsor inventory remaining include Central Park Tower, 220 Central Park South, 53 West 53, 111 West 57th, and 50 West 66th. Each carries a distinct sponsor history, construction lender, offering-plan amendment cadence, and 421-a or other tax-abatement status that must be diligenced individually.
Buyer Signal: Manhattan’s structural inputs include the New York Attorney General-supervised offering plan process (provides buyer-side procedural protection not available in less-regulated markets), the depth of the resale market (high liquidity at exit), and constrained near-term supply (limited zoning capacity in core sub-markets). Risks to underwrite at contract: mansion-tax bracket inflation above $2M, transfer-tax assumption by buyer on sponsor sales, lot-line and view-corridor exposure on specific lots, condo board sublet and resale policies, and 421-a phase-out schedule where applicable. Status of any individual project, sponsor inventory level, AG offering plan amendment, pricing, or sales percentage should be verified at the time of inquiry.
Key Facts
- Trophy Manhattan condo $/SF range: $1,500-$10,000+
- Billionaires’ Row average $/SF: $4,000-$10,000+
- Downtown trophy (Tribeca/West Village) $/SF: $2,500-$6,000+
- Mansion tax: 1% above $1M, graduated brackets above $2M for buyer
- Typical sponsor contract deposit: 10%-20% at signing
- Standard buyer-attorney review window: 1-3 business days from contract delivery
- Sponsor-side commission: developer pays buyer agent on sponsor sales
- Tax-abatement programs (where applicable): 421-a, J-51, status verified building-by-building
- Foreign-national LLC ownership: common, structured at contract
Buyer Procedure
Manhattan sponsor-sales procedure: reservation form → offering plan delivery → buyer attorney review → contract execution and initial deposit → mortgage commitment (if financed) → closing at delivery. Sponsor-inventory and resale procedures differ; advisory pre-tour planning is recommended.
Manhattan Real Estate FAQs
What is the New York Attorney General offering plan?
The offering plan is the legal document filed with the New York Attorney General that governs the sale of every Manhattan condominium. It defines deposit handling, unit specifications, common charges, real estate taxes, sponsor obligations, and buyer protections. No Manhattan condo sale closes outside the framework of an accepted offering plan; amendments are filed periodically and reviewed by buyer attorneys at contract.
What is sponsor inventory?
Sponsor inventory refers to unsold units still held by the building’s developer (the “sponsor”). Sponsor units are brand-new, never lived-in, and may include negotiable pricing, closing-cost credits, and access to tax-abatement programs where the building has them. Sponsor-side transactions follow the offering plan, not the standard resale contract.
What tax abatements apply in Manhattan?
421-a is the most common Manhattan condo abatement, providing reduced real-estate-tax exposure for 10 to 25 years on qualifying new developments. J-51 applies to specific rehabilitated buildings. Each abatement has a phase-out schedule and building-specific qualification status that must be verified in the offering plan and the most recent tax certificate.
What closing costs apply on a Manhattan condo?
Typical buyer-side closing costs run 2% to 4% of price, including NYC and NYS transfer taxes (often assumed by buyer on sponsor sales), mansion tax (1% above $1M with graduated brackets above $2M), title insurance, buyer attorney fee, mortgage recording tax if financed, and prorated common charges and real estate taxes.
Are common charges the same as HOA fees?
No. Manhattan condos use the term “common charges,” not HOA fees. Common charges fund building operations, staff, amenities, and reserves. Real estate taxes are billed separately by NYC and are not part of common charges.
How does Manhattan Miami get paid on Manhattan transactions?
On sponsor-side new development purchases, the developer pays Manhattan Miami’s buyer-agent commission. Buyer representation is at no out-of-pocket cost to the buyer. On resale transactions, commission arrangements are disclosed at engagement.