CBRE has been appointed the exclusive sales agent by the Sisters of the Order of St. Dominic to market St. Agnes Academic High School, an educational facility built in 1960 with a connected group residence and parking located at 13-20 124th Street in College Point, Queens. Totaling nearly 94,000 sq. ft., the asset is in impeccable condition and has been immaculately maintained by its current ownership.
The CBRE team of Tim Sheehan, John Reinertsen, Dan Kaplan, Mike Lee and Justin Arzi are spearheading the marketing campaign.
“The facility is located in one of New York City’s fastest growing markets,” said Kaplan. “The entire complex has been meticulously maintained and renovated and is ready for occupancy by a school or for conversion to residential use by the right buyer.”
Located in the heart of College Point, the three-story property features an 850-person gym/auditorium with a stage, a cafeteria and kitchen, science labs, specialty rooms and large classrooms with abundant natural light. Its connected residence can be adapted for both office and academic uses. The property can also be seamlessly repurposed for religious, recreational, or other community facility uses, a major selling point given that the area continues to experience rapid population growth (exceeding 7% annually) leading to increased demand for community facilities and educational services.
“The 47,886 sq. ft. lot allows for a truly hyper efficient ‘horizontal campus,’ as opposed to the multi-story educational facilities that are constructed today,” added Reinertsen. “Its location within Community School District 25, which currently faces a shortage of school seats attributed to the continuous population growth of the area, also makes the St. Agnes site a compelling investment opportunity.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
