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Hint: An Evergreen Institution Said Bye to This Building, Others

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This former building belonged to a still-existing New York City institution which has, like this lot, sold much of its city real estate to-date. Particularly desirable to this home's inhabitants was a natural characteristic of the neighborhood it was found in. Inhabitants did not stay here year-round; it was a seasonal destination. What institution did this building belong to and in what neighborhood was it found? Extra credit if you can name its purpose.
· Cornerspotter archives [Curbed]