NEW YORK CITY—Some six months after signing a lease for its new home, the College Board has closed on the sale of its existing one. The owner of the SAT and other standardized tests has sold its nine-story, 65,303-square-foot office condominium at 45 Columbus Ave. to Fordham University for $45.9 million.

Located on floors one through nine and zoned for a variety of uses, the 45 Columbus office condo will house Fordham’s administrative offices. It occupies the lower floors of the Sofia, a 27-story, 94-unit luxury residential condo built in 1930.

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