FORMER SCHOOL BUILDING IN QUEENS TRADES FOR $6.8M

NEW YORK CITY — Massey Knakal has negotiated the sale of an institutional building located at 199-12 112th Ave. in the St. Albans neighborhood of Queens for $6.8 million. The most recent tenant was the New Charter Academy school, although the seller was the Police Athletic League, which once occupied space there. The 52,300-square-foot property was vacant at the time of sale. Bob Knakal and Brian Sarath of Massey Knakal represented the buyer, New York City's School Construction Authority. The company plans to use the building for a school. Knakal and Sarath also represented the seller.