Nation's Priciest Dorm In Village To Become Luxury Condo: Report

GREENWICH VILLAGE, NY — While it was more than a decade ago, Campus Grotto, a college news site, ranked the cost of the room and board at The New School's Eugene Lang dorm at 118 West 13th Street in Greenwich Village as the most expensive college dorm in the United States.

Campus Grotto calculated that a typical freshman at The New School in Lower Manhattan could expect to pay $15,990 annually for a single room within the Eugene Lang building, with a mandatory meal plan adding another $3,200.

Hence dubbing it the most expensive college dorm in the country.

Now, The Real Deal has learned the almost 34,000 square-foot property was recently sold to Slate Property Group for $22.85 million.

The seven-story building has gone through major construction in the past few years, and now is expected to be turned into a luxury condominium development, according to The Real Deal.

“There is very very little new construction within a couple of blocks of that building,” Bob Knakal, who oversaw the sale for The New School, told The Real Deal. "When those units are delivered to the market, they’re going to be a rare opportunity for a residential buyer.”

You can read the full story on the Real Deal's website.