The auction date for the long-vacant property at 605 E. Ninth St. between Avenue B and Avenue C is Nov. 8... and the qualified bid deadline is Oct. 18.
Yesterday, the Illinois-based Hilco Real Estate, a national real estate disposition services provider, issued a news release about the upcoming sale.
Most of the information is the same that was on Hilco's website — with an exception (bold ours):
With an interior that is now down to the studs, the building presents an opportunity for the approved construction of 535 beds for a student/college dormitory or alternatively offers a developer or investor the potential to help mitigate the current homeless and migrant crisis by using the building for that purpose.
The 135,000-square-foot building is zoned for "community facility use." According to city records, a full stop-work order has been in place via the Department of Buildings since August 2015.
This piece published by THE CITY in March has more background about owner Gregg Singer's efforts here ...
In the 22 years since Singer evicted local activists, he has been unable to get needed approvals to modify the building and garner revenue. In 2006, the city Landmarks Preservation Commission protected the building as historically significant, which prevented any construction of additional floors and protected those elements of the building’s edifice that Singer had not already destroyed.
Singer’s subsequent plan to turn the building into collegiate dorms were complicated by the arrival of Rule 51, also known as the Dorm Rule, which gives control over the building to the educational institution — rather than the landlord — and mandates 10-year leases. At different times, Adelphi University and Cooper Union tentatively agreed to lease the building before backing out of negotiations, according to court documents.
Local elected officials have urged all three mayors who have passed through City Hall since the building's purchase to intervene and return the building to the community. None have acted.