New York, NY – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market The Calhoun Schools Lower School building for sale. The 23,000-square-foot educational facility is located at 160 West 74th Street in the Upper West Side’s Broadway corridor of Manhattan. Designed by prominent architects Hugh Lamb & Charles Rich (Lamb & Rich), the building has been used and operated as a school facility since it was built in 1896. A Cushman & Wakefield team of John Ciraulo, Craig Waggner, Andrew Berry, Charlie Gravina and Mike Kavanagh will be leading marketing efforts on behalf of the seller, The Calhoun School.
“This offering represents an outstanding turnkey opportunity for another school or numerous other potential end-users to own one of the most remarkable and historic buildings in Manhattan,” said Ciraulo. “The building is ideal for a wide range of nonprofit occupiers, including schools and daycares, cultural centers, social services, medical and healthcare services, senior centers, family offices, foundations, social or private clubs, alumni association centers or perhaps someone tied to Lincoln Center for the Performing Arts, to name a few.”
“Alternatively, the property presents investors with the ripe opportunity for a boutique residential conversion or as a single-family mansion within an established and thriving neighborhood that continues to grow in population and desirability,” added Waggner.
The 5-story plus basement school building features a mix of classrooms, administrative offices, a theater, lunchroom, gymnasium, multiple ancillary spaces, a conference room, a terrace on the 5th floor and a fully programmed playground on the 2nd floor roof with sport turf, climbing walls and play systems. Ownership has invested in recent upgrades to the mechanicals, new windows and a new façade.
Delivered vacant for possession in July 2023, this 50-foot wide, historically significant building is located on the prime, tree-lined block of 74th Street between Amsterdam and Columbus Avenues within the Upper West Side-Central Park West Historic District, surrounded by some of the neighborhood's best dining, shopping and cultural institutions. The asset offers superior transit access given the building’s proximity to West 72nd Street and Columbus Circle.
The Calhoun School and Metropolitan Montessori School announced plans to merge in the 2023-24 academic year. This merger will add Montessori’s building at 325 West 85th Street to the existing Calhoun campus on 81st Street and West End Avenue.