Development
New York
Jeff Sutton arranges $14M deal for Gravesend school
Trending
Success Academy buys Brooklyn yeshiva building for $37M
Sale comes year after Jeff Sutton helped Magen David buy new properties
A charter school network has bought a Brooklyn building that housed a Jewish high school.
Success Academy Charter Schools paid $37.2 million to Magen David Yeshivah for two properties at 7801 and 7815 Bay Parkway in Gravesend, according to property records.
The sale comes a year after retail mogul Jeff Sutton, who sits on the board at the yeshiva, helped arrange a $14 million deal for the Sephardic school to buy three Gravesend properties for a new high school building.
The yeshiva is developing a new, 81,000-square-foot, $50 million building at the site that is expected to be completed in January 2027, according to PincusCo, which first reported the sale.
Magen David was founded in 1946 and also runs an elementary school at 2130 McDonald Avenue and an early childhood center at 2170 McDonald Avenue.
Gravesend is the home base of Sutton and many other Syrian Jews who have made their fortunes in New York City’s retail and garment industries.
A representative for Success Academy, Eva Moskowitz’s controversial charter school network, and the yeshiva’s attorney did not immediately respond to requests for comment.
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