Lee & Associates NYC has been engaged to market for sale a six-property portfolio of New York City-leased educational and community facility buildings spread across two boroughs. Executive managing director Ben Tapper is overseeing the marketing and sale effort on behalf of the seller, described as a private family office. The portfolio is being offered to the market for the first time in more than 40 years, underscoring its long-term hold history.
The offering is structured as a single portfolio sale and comprises six properties totaling more than 180,000 leased square feet. Five of the buildings are located in the Bronx and one is in Queens, creating a borough-spanning concentration of assets tied to public-sector tenancy. While the exact addresses and individual building sizes were not disclosed, the combined footprint reflects a sizable block of institutional-quality community and education-focused space.
Each of the properties is leased to New York City agencies that use the buildings for educational, pre-K, daycare and broader community facility purposes. These mission-driven uses point to the role the assets play in serving local residents and families through a range of public programs. The leases are described as long-term, and the tenancy is fully government-backed, which positions the portfolio as a source of stable occupancy and cash flow for investors focused on durable income streams.
Tapper characterized the portfolio as a generational chance to acquire a group of mission-critical assets leased to New York City on a long-duration basis. He noted that properties combining government tenancy, long lease terms and stable cash flow seldom become available, particularly when assembled at the scale represented by this six-building collection. The comments underscore the scarcity of similar offerings that pair public-sector credit with education and community facility uses in New York City.
Details such as pricing guidance, remaining lease terms, and specific lease structures were not disclosed, and no information was provided on potential buyer profiles or timeline for bids. However, the exclusive mandate with Lee & Associates NYC and the focus on a single-portfolio sale suggest a targeted process aimed at investors seeking long-term, government-backed income within the New York City office and community facility landscape.
