Source: The Real Deal

BCN Development: BCN to buy Union Theological Seminary's dorm for $50M-plus

Craig Nassi of BCN Development plans to buy and renovate Union Theological Seminary's dormitory. Nassi is paying more than $50 million for the gothic-style dormitory at 97 Claremont Avenue in Morningside Heights, the New York Post reported. Nassi will renovate the building's interior, likely for residential use. The dormitory currently features 82 rooms and spans 90,000 square feet. The seminary plans to lease the dormitory back from Nassi for the next three to five years [...]

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