Success Academy Charter School Acquires Educational Facility In Gravesend For $37.25M

An educational facility located at 7801-7815 Bay Parkway in Gravesend, Brooklyn, was recently sold for $37,250,000. The property spans 47,380 square feet, resulting in a price per square foot of $786.

Summary of transaction details:

• Property Type: Educational Facility
• Transaction Amount: $37,250,000
• Address: 7801-7815 Bay Parkway
• Market: Gravesend, Brooklyn
• Buyer: Success Academy Charter School - Eva Moskowitz
• Seller: Magen David Yeshiva
• Buyer's Rep: Howard Kesseler & Todd Hershman - Newmark
• Seller's Rep: Ceasar Salama & Izack Lati - KSR
• SF: 47,380
• PPSF: $786

The deal was facilitated by Howard Kesseler and Todd Hershman from Newmark, representing Success Academy Charter School in the purchase, while Ceasar Salama and Izack Lati from KSR represented the seller, Magen David Yeshiva. This transaction marks a significant acquisition in the educational sector in the Gravesend area, with the involvement of key industry players.