- 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.


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

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide