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

The mixed-use property located at 123-15th 14th Avenue in College Point, Queens has been sold. The transaction took place on March 22, 2023. The buyer of the property is the NYC School Construction Authority, while the seller is the Sisters Of The Order Of St Dominic. The property was listed by Daniel Kaplan, Justin Arzi, John Reinersten, Michael Lee, and Tim Sheehan of CBRE. The sale price for the property is $36,900,000. The property has a total square footage of 68,400, which translates to 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, College Point, Queens
• Market: College Point, Queens
• Buyer: NYC School Construction Authority
• Seller: Sisters Of The Order Of St Dominic
• Brokers: Daniel Kaplan, Justin Arzi, John Reinersten, Michael Lee, and Tim Sheehan - CBRE
• Square Footage: 68,400
• Price per Square Foot: $539

In this transaction, the NYC School Construction Authority acquired the mixed-use property from the Sisters Of The Order Of St Dominic. Daniel Kaplan, Justin Arzi, John Reinersten, Michael Lee, and Tim Sheehan from CBRE represented both the buyer and the seller in the deal.