10.5 Million Paid for Property for New School
Why does NYC pay top dollar for property for schools?
The Lenox Hill Radiology property at 6740 Third Avenue cost NYC 10.5 Million for just the property – without a school building.
When the building was sold and the story was in the paper, everyone pretended they didn’t know how much the property was sold for. Cute, right? We all questioned that in October – see here
Do they think people don’t care that money is being used “because it is for a school?”
The lot is 17,000 square feet. I wonder if their are any realtors who could access this using the rates from the Fall?
We know the Nathan’s site was acquired for twice the price and was the most expensive school property deal. See story in the newspaper.
Something Isn’t Right Here.
Hugs,
marlene
Topics: Bay Ridge | 1 Comment »
May 13th, 2020 at 5:48 pm
Community Board 10 may have pulled a fast one on the residents living near this proposed construction. A November 12 meeting was scheduled at Christ Church ostensibly to solicit neighborhood input about constructing a 4-5 story, 330+ pupil school in the vicinity of 3rd Ave. and 68th St. Unfortunately not many of the nearby residents received these mandatory notices (which were often tossed into building lobbies), but among those who attended there was almost unanimous opposition. This school will take up more than 2 times the area of the existing building and lot-with *NO* provision for parking. Located at congested 3rd Ave. & 68th St., this property is directly across from the Guild for Exceptional Children/Adult Day Care and only 2 blocks from a busy FDNY Engine House which must use 3rd Ave. to quickly respond to emergency calls. The increase in traffic will present an impediment for them. In addition, one-way 68th St. also gets considerable traffic since it leads directly to the highway. At the Nov. 12 meeting there was great concern among many attendees that the decision was already made and that their input wouldn’t matter.