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 Baio, Fred Stein and Ariel Castellanos brokered the deal. . . .
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Storage company Madison Development has purchased two sites in East New York for $25.3 million, according to property records filed with the city Friday.
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Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.”
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The $78 million sale of Jamaica’s Ideal Business Center topped the list. It was followed by Home Depot’s $63 million purchase of a Coca-Cola bottling plant
in Maspeth. And a pair of industrial sites near JFK Airport that Deutsche Bank’s real estate arm bought for $43.1 million and $33.6 million occupied
numbers three and four on the list.
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Home Depot pick up a 7.3 acre site that houses a Coca-Cola bottling plant in Queens' Maspeth neighborhood for $63 million, sources told the Real Deal.
Kaymac had hired a Pinnacle Realty team led by David Junik, Decio Baio and James Tack to market the sale in March, when sources had pegged it to sell north of $70 million.The site, located
near the Long Island Expressway, offers 316,200 buildable square feet. . . .
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The properties at 184-10 and 184-60 Jamaica Avenue span 613,000 square feet and are around 80 percent leased, Crain’s reported. The buyers landed an acquisition
loan from private equity firm KKR.
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Yoel Goldman and the Hakim Organization have joined Property Markets Group in its purchase of one of the largest vacant sites in Gowanus, The Real Deal
has learned. . . .
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The owner of a 7.3-acre site that houses a 202,000-square-foot Coca-Cola bottling plant in Queens’ Maspeth neighborhood is putting it on the market, sources
told The Real Deal.
The owner, Kaymac Corporation, hired Pinnacle Realty of New York to market the site as a potential development opportunity. Sources familiar with the
site, located near the Long Island Expressway, said it could sell for between $70 million and $75 million.
Pinnacle Realty’s
Decio Baio,
David Junik and
James Tack are representing the owner. The brokers declined to
comment, while Kaymac and Coca-Cola did not respond.
. . .Madison Realty Capital is in contract to purchase a 3.5-acre property in Queens’ Hollis neighborhood for $78 million, sources familiar with the transaction
told The Real Deal. The transaction would give them control of roughly 615,000 square feet of rentable office and industrial space, with tenants such
as French Connection and Gotham Greens. . . .
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