New York Foundling lists Village building for $48M

Likely buyer for 27 Christopher: Foreign royalty or American billionaire

TRD New York /
Mar.March 14, 2014 08:35 AM

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

Related Articles

297 West 12th Street and Steve Croman (Credit: Google Maps and Getty Images)

Croman backed out of deal over rent-control concerns: lawsuit

Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

184-188 West 10th Street (Credit: Google Maps)

Here’s what the $10M-$20M NYC investment sales market looked like last week

These are some of the most notable resi sales of the week

Charity doesn’t come cheap: Former Bear Stearns exec relists townhouse for $60M

Historic Greenwich Village theater Quad Cinema could face eviction

Bradley Cooper revealed as buyer of this
off-market townhouse

Extell sells Greenwich Village assemblage to Chinese firm