It’s back-to-school season, not only for college students, but additionally for academic services searching for their subsequent properties.
Equality Constitution College, which runs a handful of faculties within the Bronx, bought a three-story, 60,000-square-foot property at 801 Barthaldi Road within the Williamsbridge neighborhood for $54.5 million, in line with property records. The sale works out to $908 per sq. foot.
The vendor was Guido Subotovsky’s Azimuth Improvement Group, which constructed the college. The corporate usually works on tasks that profit native communities, together with inexpensive housing.
Accomplished final yr, the college consists of two cafeterias, a gymnasium and 6,000 sq. toes of rooftop leisure house, in line with the Commercial Observer. It may accommodate as much as 900 college students, in line with Azimuth, and Equality plans to make use of it for a tuition-free public elementary faculty.
It’s unclear who brokered the sale. Representatives from each purchaser and vendor didn’t instantly reply to requests for remark from the Observer.
Equality’s three different colleges within the Bronx are an elementary faculty at 3901 White Plains Street, a center faculty at 4140 Hutchinson River Parkway East and a highschool at 2141 Seward Avenue. The primary location was based in 2009.
That’s the identical yr Subotovsky began Azimuth, which has constructed greater than 1 million sq. toes of developments throughout New York Metropolis. A type of tasks was a three way partnership with Pleasure Development for 330 multifamily models at 2069 Bruckner Boulevard, which additionally consists of 12,000 sq. toes leased to The Village College final June.
This June, Azimuth and Jacob Feldman acquired a car parking zone at 90-26 Grand Central Parkway close to LaGuardia Airport within the East Elmont part of Queens for slightly below $13 million.
Elsewhere on the constitution faculty beat, Launch Expeditionary Studying Constitution College lately signed a lease for 77,000 sq. toes at 5902 Sixth Avenue in Sundown Park, Brooklyn. The positioning, beforehand occupied by Our Girl of Perpetual Assist Catholic Academy, will characteristic facilities together with a gymnasium, auditorium and cafeteria; the college is anticipated to open subsequent fall.
Learn extra
NYC’s top deals: UES townhouse trades for $22M
NYC’s top deals: Charter school drops $55M on Bronx development
Charter school replaces former Catholic academy in Sunset Park
