621 Blooming Grove Tpke - Price Reduced! New Windsor School Campus
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621 Blooming Grove Tpke - Price Reduced! New Windsor School Campus
68,917 SF Specialty Building Offered at $12,000,000 in New Windsor, NY 12553
Investment Highlights
- 43,800 Sf public-school code building with 17 classrooms, 5 study rooms, gymnasium, cafeteria and commercial kitchen.
- In-ground pool, 4 dormitories, large admin building, older cottage
- The school tenant's lease expires in June 2025
- The Board is seeking expressions of interest As Soon As Possible
Executive Summary
PLEASE NOTE: THIS IS A BANKRUPTCY SALE. THE BANKRUPTCY COURT JUDGE’S APPROVAL OF THE WINNING BID IS A REQUIREMENT.
ALL OFFERS MUST BE SUBMITTED WITH CASH OR CASH EQUIVALENT PROOF OF FUNDS.
The Board is looking for expressions of interest in the form LOIs by the end of December, 2024.
Please direct all questions and campus tour requests to Listing Agent Nilgun Foley. Best number to reach her is her mobile (845) 332 5458.
The property is an educational campus with 8 primary buildings consisting of a public-school code school building in very good condition, on which approx. $11 MM was spent between 2005 - 2007 for expansion and renovation purposes. Besides the school building, there are 4 dormitories, a large colonial style mansion converted to administrative offices, a maintenance building, an in-ground pool and pool house, and an older cottage. The campus (7 buildings) will be delivered vacant upon closing except for the school building, which is leased to a Special Act Public School District based in Dobbs Ferry, NY and whose lease expires in June 2025.
The school tenant is Kaplan Career Academy, a NYS approved, trauma sensitive public school serving students 9-21 who need additional academic and emotional support. The Lease End Date is June 2025, at which time the tenant will vacate the premises. The remainder of the buildings, primarily the dormitories, were in use until September 2024 by the seller which is a not-for-profit Child Welfare Agency, for the Agency's clients and customer base. The seller has vacated all the buildings not leased to the school in anticipation of the sale.
ALL OFFERS MUST BE SUBMITTED WITH CASH OR CASH EQUIVALENT PROOF OF FUNDS.
The Board is looking for expressions of interest in the form LOIs by the end of December, 2024.
Please direct all questions and campus tour requests to Listing Agent Nilgun Foley. Best number to reach her is her mobile (845) 332 5458.
The property is an educational campus with 8 primary buildings consisting of a public-school code school building in very good condition, on which approx. $11 MM was spent between 2005 - 2007 for expansion and renovation purposes. Besides the school building, there are 4 dormitories, a large colonial style mansion converted to administrative offices, a maintenance building, an in-ground pool and pool house, and an older cottage. The campus (7 buildings) will be delivered vacant upon closing except for the school building, which is leased to a Special Act Public School District based in Dobbs Ferry, NY and whose lease expires in June 2025.
The school tenant is Kaplan Career Academy, a NYS approved, trauma sensitive public school serving students 9-21 who need additional academic and emotional support. The Lease End Date is June 2025, at which time the tenant will vacate the premises. The remainder of the buildings, primarily the dormitories, were in use until September 2024 by the seller which is a not-for-profit Child Welfare Agency, for the Agency's clients and customer base. The seller has vacated all the buildings not leased to the school in anticipation of the sale.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,000,000 | Lot Size | 22.10 AC |
| Price Per SF | $174 | Building Size | 68,917 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1990/2007 |
| Property Subtype | Schools | Parking Ratio | 0.84/1,000 SF |
| Building Class | B |
| Price | $12,000,000 |
| Price Per SF | $174 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | B |
| Lot Size | 22.10 AC |
| Building Size | 68,917 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1990/2007 |
| Parking Ratio | 0.84/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 334800-037-000-0001-049.000-0000 | Improvements Assessment | $194,700 (2023) |
| Land Assessment | $85,600 (2023) | Total Assessment | $280,300 (2023) |
PROPERTY TAXES
Parcel Number
334800-037-000-0001-049.000-0000
Land Assessment
$85,600 (2023)
Improvements Assessment
$194,700 (2023)
Total Assessment
$280,300 (2023)
zoning
| Zoning Code | R-4 (R-4 Suburban Residential. Single-family residences, schools, colleges, convalescence homes, hospitals are among permitted uses.) |
| R-4 (R-4 Suburban Residential. Single-family residences, schools, colleges, convalescence homes, hospitals are among permitted uses.) |
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621 Blooming Grove Tpke - Price Reduced! New Windsor School Campus
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