Pinnacle Realty of New York announced the following transaction. The prolific industrial real estate investor Innovo Property Group has made a $55 million purchase in the Bronx. The firm is in contract to acquire 511 Barry St., a roughly 135,000 square foot refrigerated warehouse in Hunts Points that could cater to the concentration of food-related…
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A new charter school is coming to the South Bronx under a 45-year lease deal that will let it avoid paying both conversion costs and property taxes. Neighborhood Charter School, based in Harlem, will open its new Bronx location at 411 Wales Avenue in Mott Haven, according to Crain’s. Pinnacle Realty of New York’s Decio…
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No one thought much of it when a two-story, 12,700-square-foot industrial building in Sunset Park, Brooklyn, went on the market late last year. In due course, a bidder appeared and discussions began; then the floodgates opened. “We were in final negotiations with one guy, and all of a sudden people were coming out of the…
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