The Real Deal New York

Ace: Andre Agassi’s investment fund sells Bronx building for $24M

Tennis star’s fund sold 180 West 165th Street to Lighthouse Charter School
By Eddie Small | January 12, 2018 10:00AM

Andre Agassi and 180 West 165th Street (Credit: Lighthouse Charter School)

The investment fund of tennis legend Andre Agassi has sold off a Bronx building for just over $24 million.

Agassi’s Turner-Agassi Charter School Facilities Fund sold 180 West 165th Street in Highbridge to the Lighthouse Charter School, according to property records. The charter school network currently has two schools on site for kindergarteners through ninth graders and will now own the property itself.

Lighthouse Academies currently operates schools in Arkansas, Indiana and New York with locations in the Bronx on Intervale Avenue and West 165th Street. The Turner-Agassi fund aims to help charter schools grow by providing them with space and has so far built 79 schools with 41,618 seats, according to its website.

Representatives from the fund and the school did not immediately respond to requests for comment.

Agassi’s fund purchased the site in August 2013 for about $4.6 million, and he and Lighthouse celebrated the opening of the charter school approximately one year later. The fund has schools across the country, with other locations ranging from University Heights Charter School in Newark to Pinecrest Academy in Las Vegas.

Joel Gluck’s Spencer Equity recently secured a $69 million refinancing of its 238-unit rental building nearby in Highbridge at 105 West 168th Street.