AUCTION OPPORTUNITY | 150 West 85th Street, Upper West Side NYC | School Building For Sale Through Bankruptcy Court Auction
A rare opportunity to acquire a 38,838-square-foot school building on Manhattan's prestigious Upper West Side. Located at 150 West 85th Street, this unique property is being offered through a bankruptcy court auction process following the execution of a stalking horse contract.
The minimum qualified bid is $20,740,000, and interested parties must submit bids by June 15 and provide a 10% deposit to qualify for the auction.
This asset presents an exceptional opportunity for educational users, institutional buyers, investors, and parties seeking potential redevelopment or conversion opportunities, subject to zoning and regulatory approvals.
Property Highlights:
• Address: 150 West 85th Street, New York, NY
• Neighborhood: Upper West Side, Manhattan
• Building Size: 38,838 Square Feet
• Asset Type: School / Institutional Building
• Sale Process: Bankruptcy Court Auction
• Stalking Horse Contract Executed
• Minimum Qualified Bid: $20,740,000
• Bid Deadline: June 15 at Noon
• Qualified Bidder Deposit: 10%
Why This Property Matters
Opportunities to acquire large institutional buildings on the Upper West Side are exceptionally rare. The property occupies a premier location in one of Manhattan's most sought-after neighborhoods and offers buyers the ability to acquire a substantial asset through a competitive auction process.
Bob Knakal and the BKREA team previously sold this property approximately ten years ago and are now representing the asset once again as it returns to the marketplace.
Interested buyers can obtain due diligence materials, auction procedures, and property tour information by contacting Bob Knakal or Ana Barrie.
Contact bk@BKREA.com for Additional Information and Property Tours.
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