Residential Developer Purchases 40 Acres Long Reserved to Unite Two Jewish Schools On Long Island

Summary

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The combination of Nassau's lack of undisturbed land and skyrocketing housing costs caused this: A residential developer purchased 40 bucolic acres long reserved to unite two Jewish day schools.

After a heated bidding process, the Solomon Schechter school sold the site that will be carved into stately residences upon multiple acres in an area where it's hard to find a house - and harder still to find one for less than $1.5 million.

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Extract

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Residential Developer Purchases 40 Acres Long Reserved to Unite Two Jewish Schools On Long Island

The price for the land next to the Long Island Expressway was $14.5 million, says David Schore, president and founder of Mark Holdings LLC, whic...

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