- Associated Press - Wednesday, September 30, 2015

CORNWALL-ON-HUDSON, N.Y. (AP) - A private boarding school once attended by Donald Trump, Stephen Sondheim and John Gotti has been sold at auction for $15.8 million.

The Times Herald-Record of Middletown reports (https://bit.ly/1VnHqRB ) that the winning bidder at Wednesday’s auction of the New York Military Academy was the Research Center on Natural Conservation.

The non-profit center was formed by the chairman of Chinese real estate company SouFun Holdings in 2011 to buy a gilded age mansion called the Arden House from the Open Space Institute for $6.5 million. SouFun also bought the AIG building on Wall Street in 2011.

The buyer of the 113-acre academy property in the Orange County village of Cornwall-on-Hudson isn’t required to maintain a school on the land. Anthony Desa, chairman of the academy’s board of trustees, said the buyer will continue the school.

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Information from: The New York Times, https://www.nytimes.com


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