Pinnacle’s Mid-Year Recap
July 2026
As we approach the halfway point of 2026, the momentum across New York City’s commercial real estate market continues to build. With summer officially underway and the Independence Day holiday just around the corner, it’s an ideal time to look back on the achievements that have defined the first half of the year. From notable lease and investment sales transactions to continued market leadership throughout the outer boroughs, Pinnacle Realty’s brokers have once again demonstrated their expertise, dedication, and commitment to delivering results. The strong performance of our team reinforces Pinnacle’s position as a leading force in New York City commercial real estate.
Construction Complete: Review Avenue Complex Is Ready for Occupancy
Construction is officially complete at 28-90 Review Avenue, Long Island City, NY 11101, and leasing is now underway at one of New York City’s newest Class A industrial developments.
Spanning 736,400 square feet, the Review Avenue Complex offers flexible warehouse suites starting at 31,000 rentable square feet, providing modern industrial space for logistics, manufacturing, distribution, and e-commerce users. The facility features direct truck access to every warehouse level, ample loading docks and parking, flexible floor plates, and premium Class A amenities—all just minutes from Manhattan.
For more information about this property contact exclusive agents: David Junik, George Margaronis, Paul Bralower, and Brendan Burke.
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James Ege Honored Among Commercial Observer’s 2026 Young Professionals
Pinnacle Realty of New York proudly congratulates James Ege on being recognized as one of Commercial Observer’s 2026 Power Young Professionals (link).
Over the past decade, Ege has established himself as a trusted advisor to industrial property owners, tenants, and investors across New York City. His transaction history includes the $11.5 million sale of a 29,250-square-foot warehouse in Long Island City, his largest deal to date, as well as numerous notable leasing assignments throughout Queens. Most recently, Ege leased a 30,000-square-foot warehouse and 20,000 square feet of outdoor storage in College Point, along with two Long Island City industrial spaces totaling nearly 50,000 square feet.
Known for his market expertise and dedication to his clients, Ege continues to help businesses secure industrial space in one of New York City’s most competitive real estate markets.
Connect with James to discuss your real estate needs and discover how he can help you navigate New York City’s industrial market.
Pinnacle Realty Markets Rare Large-Scale Industrial Opportunity in Hunts Point
BRONX, NY — Pinnacle Realty of New York has been named the exclusive leasing agent for the G.P. Industrial Center at 1340 Viele Avenue, one of the largest industrial opportunities currently available in New York City.
Located in the heart of Hunts Point, the property offers up to 290,000 square feet of warehouse space, 30,000 square feet of office space, and 48,000 square feet of outdoor storage, with divisions available from approximately 75,000 square feet.
The seven-acre facility features three-sided loading, street-to-street access, substantial power capacity, and immediate access to major highways serving the five boroughs, Long Island, Westchester, and New Jersey.
As demand for industrial and logistics space remains strong throughout the region, 1340 Viele Avenue presents a rare opportunity for tenants seeking scale, efficiency, and a strategic location within New York City’s premier industrial market.
Pinnacle Realty is currently marketing the property to distribution, logistics, manufacturing, and warehousing users seeking a flagship Bronx location.
For more information about this property contact exclusive agents: Ariel Castellanos, Fredric C. Stein, David Junik, and Decio Baio.
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Transaction Recap: Q1 & Q2 2026
Pinnacle Realty delivered a standout first half of 2026, successfully closing 62 transactions across New York City’s outer boroughs—52 lease transactions and 10 sales transactions—representing more than $178 million in total value and 785,000 square feet. These results underscore the firm’s strong market presence, the expertise of its brokerage team, and Pinnacle’s continued position as a leading force in the outer-borough commercial real estate market.
In Case You Missed It: Recent Wins & Headlines
Argo Manufacturing’s Longtime Home Sells in $14.5 Million Deal
Pinnacle Realty successfully facilitated the $14.5 million sale of 43-10 21st Street, LIC, a 40,400-square-foot industrial property in the heart of Long Island City. The property, home to Argo Manufacturing for decades, attracted significant interest due to its prime location, strong industrial infrastructure, and development potential.
The transaction was brokered by Pinnacle Realty’s James Tack, Paul Bralower, and Brendan Burke, helping drive a highly competitive marketing process that attracted numerous qualified buyers. The sale ultimately achieved a price of approximately $358 per square foot, underscoring the continued strength of the Long Island City industrial market.
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$10.9M Astoria Industrial Deal Closed by Pinnacle Realty Team
Pinnacle Realty has closed the sale of 18-45 Steinway Street in Astoria, Queens for $10,900,000. The 26,000-square-foot industrial building on a 26,000-square-foot lot successfully closed, further highlighting the strong demand for well-positioned industrial assets in Queens.
The transaction was represented by Pinnacle Realty brokers Paul Bralower, Brendan Burke, and Mark Caso, who delivered a smooth and successful execution from start to finish.
Following the sale, Pinnacle Realty was subsequently retained by the new ownership to lease the property. Interested in leasing this Astoria industrial property? View the listing below.
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Pinnacle Realty Scores Big with 2025 CoStar Power Broker Win
Recognizing the firm’s outstanding performance in both lease and sales transactions over the past year. Discover the expertise behind our success.
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