«Cash-strapped Yeshiva University is banking on the Washington Heights gentrification gold rush to help keep it from going broke.
The uptown orthodox Jewish institution is close to inking a deal to sell 10 of its apartment buildings near its Wilf Campus on Amsterdam Ave. near W. 185th St.
The aging dwellings, some decaying, house thousands of students, faculty and longtime northern Manhattanites — many Dominican immigrants.
President Richard Joel shared scant details of the imminent multimillion-dollar transaction on the school's news blog, explaining that the sale "provides an infusion of cash that will be used to strengthen our financial position."»
Read more:
http://www.nydailynews.com/new-york/uptown/struggling-yeshiva-university-sells-ten-buildings-article-1.1726083#ixzz2wS61lUi6
http://www.nydailynews.com/new-york/uptown/struggling-yeshiva-university-sells-ten-buildings-article-1.1726083
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Debt-riddled Yeshiva University close to selling ten apartment buildings in Washington Heights--NY Daily News--3/19/14
Kol Tuv,
RRW
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