The Real Deal New York

East Hampton officials weigh buying former school for $800,000

November 27, 2018 05:13PM

East Hampton Town is again looking to potentially buy the former Child Development Center of the Hamptons, a nonprofit school for children with special needs that closed in 2016, now that the abandoned facility is being foreclosed on, 27east reported. Officials reached an agreement with trustees of the shuttered school to buy the 20,000-square-foot building for only $800,00, less than a third of the $2.6 million it had been appraised at two years ago. Once the town buys the building, officials could issue a request for proposals from nonprofit groups to take over the property, which could need at least $200,000 in repairs. Other prospective tenants have previously been rejected by the town board. The latter will vote on Dec. 6 to terminate the lease with the Child Development Center and purchase the building, which was originally designed by Bates Masi Architects. [27east]