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Kesten Family Acquires Industrial Site In Long Island City For $11.3M

Pinnacle Realty of New York is thrilled to announce this sale, highlighting the flexibility it offers to the new owner. A unique site in Long Island City has been sold for a transaction amount of $11,335,000.  The buyer in this transaction is the Kesten Family, while the seller is the Perno Family. Acting as brokers…

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Pinnacle Realty to Lease Bronx Urban Industrial Complex

This one-million-square-foot facility, completed in 2022, offers 244,208 square feet of high-bay warehouse space with 35 loading docks and parking for 361 vehicles. Innovo Property Group (IPG) and Affinius Capital LLC have named Pinnacle Realty of New York as the exclusive leasing agent for their urban industrial facility at 2505 Bruckner Boulevard in the Bronx,…

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Shipping Company To Set Sail For 20k Sf

Shipping Company to Set Sail for 20K SF at Sunset Park Industrial Complex

Ship Essential, an NYC-based shipping and pickup service, will move into Liberty Bklyn in May. The company decided to ditch its Manhattan space because the Sunset Park campus had more room in case it needed to expand in the future, said Pinnacle Realty’s David Junik, who brokered the deal for both sides with Steve Nadel, Mark Caso and Nechama Liberow. Read…

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DOT Nails Down 156K SF in East Williamsburg

DOT inked a 20-year deal for a three-story office and single-story warehouse building at 101 Varick Avenue, at the corner of Johnson Avenue. The agency first started negotiating to occupy the property — which includes a 92,000-square-foot warehouse and 62,000-square-foot outdoor parking lot — with landlord Rabsky Group in 2019 and has occupied it since, as Commercial Observer previously reported….

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