This year, we’ve heard a few horror stories from the poor and downtrodden students of NYU Law School –- and that is not the way we’d usually characterize these students.
But when the recession hit, NYU Law’s students were hit even harder. Some 3Ls were unemployed — so unemployed that Barrister’s Ball tickets had to be subsidized. Some 3Ls were so poor that they can’t afford black market commencement tickets. Holla! Livin’ in squala!
How could the school better use student tuition dollars to avoid these problems in the future? How could the school improve its students’ quality of life? These circumstances were likely difficult for the school’s administration to address, so it seems that they decided not to address them at all.
Instead, the school did this:
Yep, NYU Law bought a $3.5 million condo in the West Village….
After city records revealed that NYU Law had purchased the condo for $3.5 million, spokesman Michael Orey stated that it would be used for faculty housing. This isn’t your ordinary faculty housing:
With an original asking price of $3.85 million, Real Estate Weekly gave a brief description of the multi-million dollar condo:
The 1,875 s/f corner apartment, Unit #3D, has a glass curtain wall and views of the Hudson river. It has two bedrooms, two bathrooms, a powder room and home office, along with 10-foot ceilings and a five-fixture master bath.
The Prudential Douglas Elliman Real Estate listing painted an even prettier picture for potential buyers….