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New York & Tri-State  + Downtown New York  + Retail  | 
Avison Young's Tri-State Investment Sales team has listed for sale 241 Water St. in Lower Manhattan, currently occupied by Blue Man Group's K-8 school

Avison Young Lists Seaport District Property Housing Blue Man Group’s K-8 School

Avison Young has been retained sell to 241 Water St. a 31,844-square-foot property located in the South Street Seaport historic district.  The property, listed for $28 million, is occupied by the Blue School, a K-8 school founded by the Blue Man Group, who are vacating at the close of the current school term. 
Seller 241 Water Street Holdings LLC is represented by senior associate Ed Nelson, head of Tri-State investment sales James Nelson, associate director Alexandra Marolda and associate Kyle Sabath, all based in Avison Young’s New York City office. 

“The property sits directly across from new neighborhood developments and conversions, which are transforming the South Street Seaport historic district into a destination for families and businesses as more people live, work, and play in the neighborhood than ever before,” said Ed Nelson.  “We are excited about the opportunity to bring this turn-key property to market in this sought-after location.” 


Inside The Story

Avison Young Tri-State Investment Sales

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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