The Real Deal New York

New York Foundling lists Village building for $48M

Likely buyer for 27 Christopher: Foreign royalty or American billionaire

March 14, 2014 08:35AM

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27 Christopher Street and Dolly Lenz

Nonprofit social-services agency New York Foundling is asking $47.5 million for a four-story Greenwich Village building it bought for a mere $3 million about 12 years ago.

The 14,540-square-foot property at 27 Christopher Street, near Waverly Place, has served as a nursing school and parochial school in the past. The space currently houses the Vincent J. Fontana Center for Child Protection, an organization that offers training to child-care workers.

New York Foundling said it would use proceeds from the sale toward new children’s programs.

The deed contains a restriction that the building be used for health care functions through January 2016, the Wall Street Journal reported.

Super-broker Dolly Lenz has the listing. She told the Journal she projects the buyer will either be foreign royalty or an American billionaire who would convert the site into a mansion.

The site has ceilings as high as 15 feet, a 3,980-square-foot outdoor area and a 4,283-square-foot basement, the Journal said. [WSJ]Mark Maurer

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