The Real Deal New York

Mount Vernon looks to sell YMCA building for a controversial price

January 10, 2018 06:11PM

The city of Mount Vernon is looking to sell the vacant YMCA on Library Square that it bought in 2012, but the City Council is reversing course to ensure the buyer pays the full $500,000 that an appraisal assessed as the building’s value. In December, the council weighed selling the property for only $175,000 to Comrie Enterprises and Direct Invest Development, who are partners in a proposed Library Square residential redevelopment. Mount Vernon bought the YMCA building for $700,000 and has poured $400,000 into renovations. In 2016, however, the city fired the contractor it had hired for renovations and announced the building would not reopen. [LoHud]