Business & Finance

St. John's University looks to sell campus on Long Island

School has put 170-acre site in Oakdale, N.Y., on the market.
Jan. 11, 2016

St. John’s University has put a 170-acre property in Oakdale, N.Y., up for sale.

Newsday reports that the university, based in Queens, has hired the commercial real estate firm, Cushman & Wakefield, to market and broker a sale of the Long Island property.

The university bought the site in 1999 for $14.3 million. It has been used for graduate teacher education and certificate programs, and for conferences and other events.

The property consists of 11 buildings. The centerpiece is the Bourne Mansion, built in 1897. The site was originally an estate for the president of the Singer Sewing Machine Co.

In 1926, the land was sold to the De La Salle Christian Brothers. For many years, it was the home of the LaSalle Military Academy, a private boys school.

About the Author

Mike Kennedy

Senior Editor

Mike Kennedy, senior editor, has written for AS&U on a wide range of educational issues since 1999.

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