November 30, 2018
CBRE has arranged the sale of part of Lawrence Woodmere Academy’s 10-acre campus. The private school sold a 1.33-acre parcel for $2.5 million to the Friedman Group.
CBRE’s Elli Klapper, Charles Berger, Jay Gelbtuch and Daniel Brandel represented the seller. The team also procured the buyer.
“Our team was able to work with Lawrence Woodmere Academy to identify an opportunity for the school to monetize a portion of its land, without disturbing any of the school’s existing or future operations,” said Gelbtuch. “This partnership will allow the school to secure capital for its day-to-day operations, while allowing the developer to acquire a large piece of rare contiguous land in Woodmere.”
Added Klapper, “This particular area of Nassau County is a high barrier-to-entry market, so opportunities like this are very rare. The site is zoned for single-family homes, which there is a very high demand for in Woodmere.”
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