NYC School Construction Authority
People:
NYC School Construction Authority NYC portfolio
$847.1 million -specialty 51%, condo 16%, development 13%; Manhattan 32%, Queens 32%, Bronx 27%*
264th largest portfolio by dollar value
1,083,335 sqft – specialty 66%, office 11%, industrial 8%; Manhattan 37%, Bronx 28%, Queens 24%
438th largest by SF
48 properties – Queens 33%, Brooklyn 25%, Bronx 22%
176th largest
2 residential units – Brooklyn 50%, Staten Island 50%
6807th largest by residential units
0 foreclosures, 0 bankruptcies, 6 other court cases.
Company Activity past 24 months:
Buyer company: 7 for $127.5 million
Developer (new building or major alteration): 14 for 907,965 square feet
Recent activity as company:
• Apostles of the Sacred Heart of Jesus sold 1651 Zerega Avenue for $5.2 million to NYC School Construction Authority and City of New York on September 23, 2025.
• Apostles of the Sacred Heart of Jesus sold 1659 Zerega Avenue for $3.3 million to NYC School Construction Authority and City of New York on September 23, 2025.
• Horizon Group sold 1571 72 Street for $14.2 million to NYC School Construction Authority on June 30, 2025.
• Jeffrey M. Loewy, Albert T. Loewy and Claire R. Loewy sold 6393 Broadway for $9.2 million to NYC School Construction Authority on April 11, 2024.
• Vishal Patel sold N/A Broadway, North Riverdale, Bronx for $3.5 million to NYC School Construction Authority on April 11, 2024.
• Eastone Equities, Xuan Cheng, Wei Guo, YiHun Chen and Jianfei Chen sold 137-23 45 Avenue for $81.8 million to NYC School Construction Authority on February 07, 2024.
• St. Nicholas Home sold None for $10.2 million to NYC School Construction Authority on January 31, 2024.
• Marc Beige sold 87-13 120 Street for $18 million to NYC School Construction Authority on October 12, 2023.
• Madison Realty Capital sold 46-10 70th Street, Maspeth, Queens for $38 million to NYC School Construction Authority on May 01, 2023.
• Stawski Partners sold 43-09 23 Street for $50 million to NYC School Construction Authority and NYC Department of Education on April 05, 2023.
Latest Stories:
• City pays $14.2M to Horizon Group for school dev site in Bensonhurst (July 22, 2025)
• City pays $12.65M for school dev site in North Riverdale (April 24, 2024)
• City schools pays $18M for industrial in Richmond Hill (October 19, 2023)
• City pays $38M to Madison Realty Capital for school condo in Maspeth (September 26, 2023)
• City pays $50M to Stawski Partners for new school location in LIC (April 11, 2023)
• NYC pays $36.9M for shuttered Catholic school in College Point (April 03, 2023)
• City files plans for 89K sf school in Bay Terrace, Queens (January 23, 2023)
Court Records:
Properties: