Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. Pinnacle Realty’s Abraham Lowy represented Brach, while Cushman & Wakefield’s Frank Frizalone represented Pfizer. …
Read More
Shibber Khan’s Criterion Group is looking to sell a massive, largely vacant Long Island City development site just a year after buying it, sources told The Real Deal. “There is an uptick in demand in Long Island City for office space — from companies looking to relocate and end users that want to purchase their…
Read More
Rabsky, one of Brooklyn’s most active developers, closed on the purchase of the 3.4-acre site at 101 Varick Avenue for $45 million last week. Display case manufacturer M. Fried recently vacated the site’s one-story, 92,000-square-foot building, which it had owned and occupied for 25 years. Pinnacle Realty’s David Junik and Abraham Lowy brokered the sale…
Read More
Property Markets Group is in contract to acquire a development site with 332,000 buildable square feet along the Gowanus Canal for about $50 million, or $150 per buildable square foot, sources told The Real Deal. A Pinnacle Realty team led by David Junik brokered the deal. Representatives for Pinnacle and PMG declined to comment. Read…
Read More