NYC School Construction Authority Acquires Mixed-Use Property In College Point, Queens For $36.9M

The property asset involved in this transaction is a mixed-use building located at 123-15th 14th Avenue in College Point, Queens. It was sold for $36,900,000, encompassing a total area of 68,400 square feet, with a price per square foot of $539.

Summary of transaction details:

• Property Type: Mixed-Use
• Transaction Amount: $36,900,000
• Address: 123-15th 14th Avenue
• Market: College Point, Queens
• Square Footage: 68,400
• Price per Square Foot: $539
• Buyer: NYC School Construction Authority
• Seller: Sisters Of The Order Of St Dominic
• Brokers: Daniel Kaplan, Justin Arzi, John Reinersten, Michael Lee, Tim Sheehan - CBRE

This transaction was represented by multiple brokers from CBRE, including Daniel Kaplan, Justin Arzi, John Reinersten, Michael Lee, and Tim Sheehan, highlighting the collaboration among professionals in the closing of this deal.