This new
construction facility, built to suit a charter high school, was
completed and opened in the fall of 2010. The tenant, in its first year
of a 30 year lease, claims hardship due to construction delays which
shortened the admissions process resulting in a lower than expected
first year student enrollment of around 850 students. However, the
school already has an overwhelming amount of preliminary applications
and is confident to enroll a sufficient number of students for a
profitable next year (1,100 students with a max charter capacity of
1,200 students).
198 Varet
Street is located in a vibrant residential area of East Williamsburg
within a few blocks from the Morgan Avenue L train station. In addition,
under the current lease, the responsibilities of the landlord extend
only to the exterior maintenance of the building. The school is
outfitted with state of the art classrooms, laboratories and
extracurricular amenities including a fitness center, a two story rock
climbing wall and an assembly area.
Click here for listing details.
Neighborhoods: Williamsburg/ Agents: Mark Lively