Paterson charter school pays $2M for building that will be new 2nd-3rd grade school

The Paterson Charter School for Science and Technology has purchased a building in the city for $2 million as a new school building, according to Transwestern Real Estate Services.

The 18,660-square-foot building at 39-53 E. 34th St. will open for the 2021-22 academic year, serving children in grades two and three, the real estate firm said in a news release. PCSST currently operates three school campuses in the city, and the new school will serve about 300 students, it added.

“Our new campus supports PCSST’s ongoing commitment to bringing the highest level of educational programs to the children and families of Paterson,” Riza Gurcanli, lead person at the school, said in a prepared statement. “We are very excited by the opportunities presented by this building purchase, which will allow us to create a state-of-the-art facility to our specifications that will directly address the academic needs of our students.”

Transwestern’s Lindsay Ornstein, Stephen Powers, Arthur Skelskie and Leslie Florio represented PCSST out of the New Jersey office. The seller, Cobert Realty LLC, was represented by Mitch Roman of Cresa.

“We are pleased to have helped PCSST with the acquisition of this building, which positions the school to provide a terrific learning environment to the students in Paterson,” Skelskie said in a statement. “We were able to structure a deal that works well for both parties and supports PCSST’s mission and long-term goals.”

The former textile manufacturing and warehouse facility was built in 1930 and sits on a 1.1-acre lot, providing space for playgrounds and parking. The project team includes NorthStar Owners Representation and SephAri Design.