A college degree is a great investment, but so is real estate.

Manhattan’s New School university just sold off the townhouse that had traditionally been used as the university president’s residence.

City records filed on Monday confirmed the Greenwich Village property sold for $10.3 million — close to half its original asking price. The listing was part of an effort to address the school’s ongoing budget woes.

News of the sale was first reported by Crain’s. 5

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A room of New School faculty erupted into applause early last year when the listing of the 20-foot-wide, Greek Revival Federal Style townhouse was first announced. The valuable portfolio piece hit the market for $20 million in February 2024.

If the Gold Coast home, at 21 W. 11th St., had sold at asking, it would have

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