The brokers for both the buyer and the seller, Pinnacle Realty of New York’s David Junik, Decio Baio and Danny Tack, said TF Cornerstone will be able to take advantage of the new state tax incentive replacing 421a.
TF Cornerstone has purchased two dilapidated properties totaling 356,520 square feet in Greenpoint, Brooklyn, most likely slated for multifamily development.
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