And my friend casually mentioned the building owned by Cooper Union that houses the Bookshop as well as other businesses, not to mention a dorm, is for sale.
Turns out that there is a listing (PDF) for the building…
The listing is active on Property Shark… with a listing age of 36 days…
Anyway, it's not a secret that Cooper Union is facing financial problems due to increasing operation costs and declining investment income, among other things.
The Student Residence here opened in September 1992 at Stuyvesant Street and Third Avenue. Here are details about the dorm via the Cooper Union website:
The Student Residence offers apartment-style housing for 178 students. Units range in size to accommodate from three to five people, with the majority of the apartments being two bedroom units shared by four people. Each unit contains a bathroom, common living area, and kitchenette. The building amenities include a study room, laundry room, the Residence Hall Office, and the Menschel Room.
As the flyer indicates, "the seller will enter into short term leaseback." Meanwhile, Cooper Union is one of the schools reportedly leasing space in developer Gregg Singer's dream dorm project at the former P.S. 64 and CHARAS/El Bohio community center on East Ninth Street.
Updated 6:02 pm
Robert Frischman, executive vice president, retail brokerage, at the EVO Real Estate Group, said that the building is not for sale. No word on how or why the listing appeared on Property Shark in the first place.