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For added than 90 years, the Turtle Bay Music Academy was a accoutrement in an constant ritual of growing up: music lessons.

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Well-connected parents — afresh Uma Thurman and Donald Trump Jr., amid others — beatific their accouchement to its shabby-chic architecture on East 52nd Street in Manhattan. Adults who accomplished accurately were regulars, too, and in the aftermost 10 years the academy broadened its reach, with classes in accessible schools and a tuition-free affairs for accouchement from underserved neighborhoods beyond the city.

Then, about in an instant, it was gone.

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The nonprofit school’s lath of admiral awash the building, which it endemic mortgage-free. The academy again bought a above radiology appointment in a altered neighborhood, beside a abrasive artery arch to the Queens-Midtown Tunnel.

The school’s leaders accepted the acceptance to chase their agents to the new quarters, but abounding did not. Enrollment, which at its aiguille was several hundred acceptance a year, alone by a third. That was afterwards the academy had spent added than $15 actor on its new accommodations, including borrowing added than $7 actor to acquirement and accouterments the new space.

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The academy did not accept the banking affluence to accumulate going, and bankrupt in January. Its 50 agents were let go. The controlling director, Lorna Jane Norris, awash the pianos. Aloof 18 months afterwards affective in, the academy began the action of putting its new home on the market.

“It’s a abhorrent loss,” said Lillian E. Kraemer, a lath affiliate until about 10 years ago and a donor to the school. “I was animated back I retired from alive law convenance that there was a academy in my neighborhood, aural walking distance, area I assuredly had time to acknowledgment to my dream of convalescent my singing. But what fabricated it an abundantly adapted abode was that it acquainted an obligation to advice accouchement who could not allow acquaint about get a music education.”

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The school’s annihilation is a case abstraction in the airiness of baby nonprofit institutions that generally accept adored little allowance for miscalculation. Abounding years, Turtle Bay, with an anniversary acquirement of about $1.5 million, ran added than $100,000 in the red. With the allowance for absurdity so small, the academy bare its absolute acreage accord to go off afterwards a hitch. It did not.

A plan to advertise the East 52nd Street architecture for $11.1 actor fell through. The ultimate client paid $1 actor beneath than that and burst the building, allowance the lot for a seven-story anatomy with 15 multimillion-dollar condominiums. It is appointed to be completed abutting year.

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A above controlling administrator of the school, Jennifer Sherwood Gaul, said afresh that she had warned the lath that “selling the architecture will annihilate the school.” And a above business manager, Andy Huber, said that astute decisions were fabricated in haste. “They could accept aloof waited until we got a bigger offer” for the building, Mr. Huber said.

The lath president, Jeffrey Schlosser, disagreed, and said in an account that the abeyance was “not a dissolution of the school.” He alleged it “a abeyance of operations so we can get the debt monkey off our backs.” In a contempo conversation, he acknowledged that Ms. Gaul warned adjoin the move and that Mr. Huber counseled cat-and-mouse for addition deal.

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Mr. Schlosser sees a approaching for the academy in music therapy, which “does not crave a location.” Such a focus would absorb “us activity to hospitals or people’s homes,” rather than bringing acceptance to a academy ability for lessons.

For abounding of its alumni and friends, the academy was as abundant about artery and adhesive as it was about angle and tempo. About anybody associated with the academy acclimated the chat “charming” to call the East 52nd Street building. It sat on a block in a adjacency that was already home to Katharine Hepburn, Greta Garbo and E.B. White. Its account anteroom was called for addition long-ago neighbor: Alma Gluck, a Metropolitan Opera brilliant and aboriginal recording sensation.

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Affection for the place, though, never blocked its abounding drawbacks. Its studios were not soundproof, the heating arrangement was beneath than reliable and

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