John Pompay, director of business development for the New York School for the Deaf, says that the school had deemed the four buildings excess space. The buildings had been used for classrooms and dormitories. However, the school, which was founded in 1817 and moved to its current site in Westchester in the 1930s, no longer provides housing for its students. The New York School for the Deaf currently has an enrollment of 150 students from kindergarten to twelfth grade.
The sale of the property as well as proceeds from the leases will be earmarked for the school's endowment fund as well as needed upgrades to the school's property, Pompay notes.
Stephen M. Banker, managing principal of Newmark & Co., says that the vacant land will be marketed to developers. The vacant parcel is currently zoned R-20, which allows for single-family housing. The school has set an asking price of $8 million for the property.
Banker notes that the marketing effort for the excess building space will be geared mainly at the not-for-profit and educational communities, as well as day care providers. The space is being offered for lease at $20 per sf, triple net.
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