NEW YORK CITY—As part of its bankruptcy proceedings, Dowling College is proceeding with an auction sale of its Brookhaven campus. The 105-acre Suffolk County property includes a 72,000 square-foot, 70-room dormitory, an athletic complex, 65,000 square feet of offices and classrooms, and a 7,500 square-foot airplane hangar, close to Brookhaven Airport.
The sealed bid deadline is Dec. 4, and the auction will take place on Dec. 7, 2017.
The college's aviation program ran out of Brookhaven campus, located on the William Floyd Parkway and has benefited from millions of dollars of infrastructure improvements.
The college has made improvements to the following assets:
(1) The National Aviation Building – This includes a converted hangar with classrooms, offices and a library; a separate building with simulator labs, offices, dispatch and flight services area, locker room, cafeteria and a 7,500 square-foot hangar.
(2) The Brookhaven Residential Village – This encompasses a dormitory building with 70 studio, two- and three- bedroom apartments, with a total of 289 beds. The building is currently vacant and can be converted for alternate residential uses.
(3) The Athletic Facilities – This includes baseball, softball and multipurpose fields with spectator seating. It also has a 4,500 square-foot field house with locker rooms, office, laundry, storage and concessions areas.
A&G Realty and Madison Hawk Partners have been retained to manage the sale of the property.
Founded in 1968, Dowling College was a private co-educational institution which enrolled students mostly from Long Island. Due to financial difficulties, the school shut down in August 2016 and on November 29, 2016 filed for Chapter 11 bankruptcy. The college sold its 25-acre Oakdale campus in April for $26.5 million to the Princeton Education Center.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
