The New York City Department of Transportation is nearing a deal to lease a vacant 92,000-square-foot building at 101 Varick Avenue in East Williamsburg, Brooklyn, Commercial Observer has learned. David Junik and Abraham Lowy of Pinnacle Realty are handling the transaction for the landlord and declined to comment. Read more at Commercial Observer
Read More
Steel Equities – the Long Island-based investor that focuses on industrial and warehouse projects – picked up a Bushwick property for $53 million. Representatives for Steel Equities and the sellers could not be immediately reached for comment. Pinnacle Realty’s David Junik and Decio Baio represented both sides in the transaction. The brokers declined to comment….
Read More
A new charter school is coming to the South Bronx under a 45-year lease deal that will let it avoid paying both conversion costs and property taxes. Neighborhood Charter School, based in Harlem, will open its new Bronx location at 411 Wales Avenue in Mott Haven, according to Crain’s. Pinnacle Realty of New York’s Decio…
Read More
Storage company Madison Development has purchased two sites in East New York for $25.3 million, according to property records filed with the city Friday. The sites at 554 and 578 Cozine Avenue, David Junik who did the deal, span two full city blocks, and they both contain one-story industrial buildings, which are not adjacent. Read…
Read More