Mayor Bloomberg has finally put the old Board of Education headquarters at 110 Livingston St. up for sale.
The city Economic Development Corporation this week officially issued a “Request for Proposals” to unload the 12-story, 361,000 square-foot building that was constructed in 1925 and became the symbol of the much-maligned city public school system.
The sale – expected to be completed next spring – could fetch the cash-strapped city between $20 million and $50 million.
The Downtown Brooklyn building has been occupied by the Board of Education – renamed the Department of Education last year – since 1939.
But most of the 900 department employees have been relocated to the renovated Tweed Courthouse headquarters and other locations. The rest of the employees are expected to be reassigned out of 110 Livingston this summer.
The proposed sale comes nearly three months after Bloomberg ordered the city to put the property on the auction block.
“As the third largest business district in New York City, Downtown Brooklyn is home to many businesses, schools, cultural institutions and government offices,” said EDC president Andrew Alper.
“A vibrant new use of 110 Livingston St. will contribute significantly to the resurgence of Downtown Brooklyn and its surrounding neighborhoods.”
The city has decided to keep two other education buildings in Downtown Brooklyn, at 131 Livingston St. and 65 Court St.
EDC officials said they will entertain a wide range of possibilities for the building, such as a corporate headquarters, hotel, retail store, or even a college dormitory.