The College of New Rochelle sold its 15.6-acre campus to a nonprofit dedicated to child and senior care that bid $32 million to win the property in a bankruptcy auction.
The U.S. Bankrupcty Court for the Southern district of New York approved the final bid Monday for the Trustees of the Masonic Hall and Asylum Fund to purchase the property, located just outside of Manhattan.
The sale won’t be enough to cover the bankrupt school’s $80 million in outstanding liabilities. When it filed for Chapter 11 bankruptcy protection in September, a lawyer for the college said the campus -- the ...
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