search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanParkmerced's $1.8B debt heads to special servicingParkmerced's $1.8B debt heads to special servicingGVA sells Georgetown apartments for $25M in “forced sale” GVA sells Georgetown apartments for $25M in “forced sale” 
New York

Children’s Aid Society buildings for sale, worth up to $30M

Sign Up for the undefined Newsletter

219 Sullivan Street (source: PropertyShark)The Philip Coltoff Center properties on Sullivan Street will be going on the market, as decided by a unanimous vote last night by the Board of Trustees of the Children’s Aid Society, according to Curbed. The sale of the Greenwich Village properties has been opposed by local residents, including Brooke Shields, as well as parents, one of whom has filed a lawsuit to stop the school from closing. Though there is no official listing yet, an earlier estimate valued the properties — one at 219 Sullivan Street and another at 177 Sullivan — to be worth between $20 and $30 million. “Median income in Greenwich Village is more than double that of Morrisania in the South Bronx… where we lack sufficient resources to meet the urgent needs of children and families,” the school said in a statement. [Curbed]