The Real Deal New York

Landmarked East Village school back on market

March 22, 2012 06:00PM

Long-vacant P.S. 64, at 605 East 9th Street in the East Village, is back on the block, according to a report from EV Grieve.

Massey Knakal Realty Services has listed the landmarked school, which has sat vacant for 10 years according to the blog, offering it as a “152,000-rentable-square-foot property” for which the “highest and best use would be… to renovate the existing structure and convert it into a modern school or college dormitory.”

The space, between avenues A and B, has a long, sordid history, as EV Grieve pointed out. Developer Gregg Singer bought the building at auction in 1998 for $3.15 million, though his plans to build a dormitory never materialized due to opposition from local residents.

In 2010, educator Kimber Barton wanted to buy the building, listed with Helmsley Spears for $40 million, and turn it into a private school, but those plans were also scrapped.

East Village residents expressed their desire to see a non-profit community theater in the school at a community meeting last November, EV Grieve said. [EVGrieve]