Real Estate

Long-abandoned NYC school quietly hits the market

This longtime native eyesore is in search of a brand new lease on life.

A hulking former East Village public school is pitching itself for business use. PS 64, which has sat vacant for greater than 20 years, appeared on the market or lease on the web site LoopNet this month. The listing, held by Corcoran’s Paul Wexler and Josef Yadgarov, doesn’t supply a worth and contains solely renderings of the property — itself in a state of decay — reimagined as a move-in prepared campus full with pool tables in the courtyard and a movie show someplace inside its 152,000 sq. ft. 

The itemizing provides the sq. footage of all six of the blighted constructing’s flooring — and notes that its situation is “shell space” and states that it’s obtainable now, with the rate obtainable “upon request” for a “negotiable term” for office or medical makes use of. 

east village gregg singer renderings
A Google Maps photograph of the constructing, which is lengthy vacant.
Google Maps
A rendering of the building.
A rendering of the constructing.
Loopnet
east village gregg singer renderings
The itemizing has reimagined the deserted structure.
Loopnet
east village gregg singer renderings
A computer lab rendering included in the itemizing.
Loopnet

After the constructing stopped being a school in 1977, the CHARAS/El Bohio Community Center took over, however was allegedly evicted in 2001 by landlord Gregg Singer, who purchased the behemoth from the metropolis for $3.15 million at a 1998 public sale, EV Grieve reported.

Since then, there have been repeated requires the constructing to turn out to be a group middle as soon as extra, however Singer — who has now been ensnared in varied building-related authorized points involving a lender, the de Blasio administration and a hedge-funder alike — has as a substitute tried to make the constructing into school dorms and a medical facility. However, there are numerous open Department of Buildings fines, violations and a 2015 cease work order.

“The redevelopment and historic restoration of this century old landmark, former New York City elementary school, can be transformed into a variety of modern, amenity-rich opportunities,” says the itemizing, which provides pupil dorms, an assisted residing facility and a medical middle are amongst attainable makes use of. 

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