Pinnacle Realty of New York, LLC announced the following transactions: Sale of a 10,000 sq. ft. building with a 5,000 sq. ft. lot at 237 Kent Street, Brooklyn, NY to Akro Development LLC for $2,650,000. George Margaronis, partner along with Brendan Burke and Paul Bralower, senior directors, represented the purchaser in the transaction. Read more…
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David Lichtenstein’s Lightstone Group, owner of multi-family, retail and office properties in 27 states, is set to enter one of New York’s emerging residential markets, having just purchased a residential development site at 50-01 2nd Street in Long Island City for $19.3 million, or $105 per buildable square foot, Real Estate Weekly reported. The site’s…
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Pinnacle Realty of New York, LLC., announced the following transactions: David Junik, Gary Blum and Decio Baio, partners of Pinnacle Realty, represented the seller in the transaction. The sale has 183,456 sq. ft. of development rights, and the deal closed at around $105 per buildable s/f. The seller was a local landlord, who has built…
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Pinnacle Realty of New York, LLC., announced the following transactions: Although LIC is rapidly changing into a residential neighborhood, elements of the past remain. This month, Pinnacle Realty of New York, LLC also closed a transaction for an industrial building at 43-10 10th Street. Decio Baio, Gary R. Blum, George Margaronis and Michael Prange sold…
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