Nyack College finds buyer, seeks special permit for housing
Ownership of the 107-acre Nyack College campus is seeking a special permit from the Village of South Nyack before selling the property to a for-profit entity.
In a letter from April 17, attorneys representing Nyack College requested special permitting from the Village of South Nyack to allow the buyer to convert 22 parcels into residential housing.
The name of the potential buyer remains undisclosed.
Nyack College wants 22 parcels currently zoned for student housing and administrative offices to be allowed to house multi-family and single-family residences, while leaving the exterior of all properties in South Nyack unchanged.
幸运飞艇4码选号技巧“The college hopes to close this transaction on or before June 25, 2020,” the letter from the attorneys said. “After vetting other offers over the last 12 months, the college believes that this buyer will provide the most value to both the college and the village, particularly since the buyer intends to reuse and repurpose the existing structures with no impact to the existing character of the campus.”
Attorneys from Montalbano, Condon & Frank, P.C. of New City, representing Nyack College, are scheduled to present the proposal to the members of the Village Board on May 12. But no decision about the special permitting will be made that meeting.
The college campus encompasses 40 buildings and approximately 520,000 square feet of space spread across South Nyack, Upper Nyack, Clarkstown and Orangetown.
幸运飞艇4码选号技巧The campus' closure was announced in November 2018 and delayed until the end of 2019 after administrators cited mounting debt and problems with student housing for its campus in New York City.
Nyack College has been located in Rockland County for more than 120 years. The college, originally named the Missionary Training Institute, was renamed Nyack Missionary College and later Nyack College in 1972.
幸运飞艇4码选号技巧Brokerage firm CBRE listed the 107-acre complex on the market in January 2019.
The Journal News/ lohud reported Rockland Communty College President Michale Baston expressed interest in buying the property for a second campus of the state school based in Suffern.
Mario Marroquin covers real estate and economic development. Click here to see his latest stories. He can be reached at or @mars3vega