Nyack College Sale Approved: Report

NYACK, NY — A state Supreme Court judge has ruled that the sale of Nyack College to Yeshiva Viznitz can go forward, The Journal News reported.

The deal sells the 107-acre property in South Nyack plus the Alliance Seminary property in Upper Nyack plus land in Orangetown. The $45.5 million price tag gets the college out from under its $38.5 million debt to Piermont-based Procida Funding and Advisors, the paper reported.

Read the full article on lohud.com.

Nyack College ceased operations in Rockland County at the end of 2019. The Christian college announced in 2018 that it would consolidate operations at its Manhattan campus.

The college had long had a permit to operate an educational campus in a residential area. In 2019, college officials applied to amend the permit to allow higher residential density on about half the main property on behalf of an unnamed prospective buyer. The plan was to build multi-family housing. Village trustees rejected the request because village law doesn't include a process to amend a special permit.

Yeshiva Vitnitz officials said the initial plans for the property included operating a school for up to 250 boys. Future plans could include housing. The property contains classroom buildings, faculty and dorm residences, sports complexes etc.

South Nyack residents concerned about the development of the property called for dissolving the village and letting the Orangetown town government manage all local affairs. A vote on dissolution is set for Dec. 17.