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College Of New Rochelle Campus Sells For $32M At Auction College Of New Rochelle Campus Sells For $32M At Auction
College Of New Rochelle Campus Sells For $32M At Auction  After being forced to shutter its doors earlier this year, the College of New Rochelle has found a buyer for its campus officially after filing for Chapter 11 bankruptcy. Following a three-year financial crisis, the 115-year-old college concluded classes on Saturday, Aug. 10. Mercy College is temporarily leasing the campus and will use the facilities through 2020. On Monday, Nov. 25, The Masonic Hall & Asylum Fund announced it had purchased the 15.6-acre campus for $32 million at auction. The United States Bankruptcy Court has already approved the sale at a hearing held on Mo…

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by Zak Failla
Real Estate
College Of New Rochelle Files For Bankruptcy College Of New Rochelle Files For Bankruptcy
College Of New Rochelle Files For Bankruptcy After being forced to shutter its doors earlier this year, the College of New Rochelle has officially filed for Chapter 11 bankruptcy and its campus is expected to be sold within the next two months. Following a three-year financial crisis, the 115-year-old college concluded classes on Saturday, Aug. 10. Mercy College is temporarily leasing the campus and will use the facilities through 2020. In response to the financial crisis, the college has been selling off its assets, including its 15.6-acre campus, which includes more than 425,000-square-feet and includes 20 buildings. A&G Realty…

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by Zak Failla
Lifestyle
Committee Calls On City To Make Leland Castle A Landmark Committee Calls On City To Make Leland Castle A Landmark
Committee Calls On City To Make Leland Castle A Landmark With the closure of the College of New Rochelle and the planned sale of its 15.6-acre campus, concerned citizens are scrambling to make protect Leland Castle and have it officially named as a city landmark. The New Rochelle Preservation Committee, which includes local residents, neighbors of Leland Castle and alumnae of CNR are seeking the adoption of a City Ordinance that will grant local landmark status to the Castle. “Preservation of the architecturally unique exteriors of the Castle and other buildings depends on action by the City Council, as a private owner is not obligated to mainta…

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by Zak Failla