02/01/2011 05:15 pm ET | Updated May 25, 2011

Erasmus Hall Academy, A 225-Year-Old School, Is Finally Being Restored (VIDEO)

One of the city's first landmark buildings is finally getting a new lease on life.

Erasmus Hall Academy, a 225-year-old building in Brooklyn, just secured a $300,000 grant to help restore it to its former glory, according to a report by Lana Bortolot in the Wall Street Journal.

While it's the oldest chartered high school in New York (from 1786!) the building hasn't been used for schooling since the 1930s. In 1966, it was one of the first buildings to be designated as a landmark by the city, and had a short failed run as a museum.

WATCH video of the historic building: