All Posts in Tag: Brooklyn

Article 1

Sitex Group pays $50M for Maspeth industrial property

Sitex Group has snapped up a 3.37-acre industrial site in Maspeth for about $50 million, more than 10 times what the seller bought it for 17 years ago. The New Jersey-based industrial firm recently closed on the deal to acquire the property at 58-80 Borden Avenue, Pinnacle Realty’s David Junik told The Real Deal. Read more at The…

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Real Deal Article1

Madison Capital snatches up Red Hook industrial sites for $45M

Real estate investment firm Madison Capital acquired two adjacent industrial lots in Red Hook for $45 million. The seller of the combined 160,000-square-foot sites at 688 and 702 Court Street was Pearl Realty’s Jack Guttman, according to property records. The parcels are zoned for industrial and manufacturing, with the ability to build nearly 320,000 square feet. PincusCo first…

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375 Johnson Ave Article

Netflix landlord in Bushwick snaps up property across street

The investors who brought a Netflix soundstage to Brooklyn just picked up another property nearby — a sign that they could be eyeing an expansion for the popular production and streaming company. Pinnacle Realty’s David Junik, who brokered the sale of 333 Johnson to Steel Equities, negotiated the sale of 375 Johnson Avenue with his colleague Decio Baio….

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