Real Estate Weekly, Wed, March 12, 2014

Published on Mar 12, 2014 | posted by Carolina Bergara

Pinnacle Realty of New York LLC announced the following residential development sale transactions:

  • Partners David Junik, Decio Baio and senior partner Gary R. Blum represented both the seller and buyer of a 214,000 s/f development site at 44-35,37,39,43 Purves Street, Long Island City. The Rabskey Group paid $32 million for the site. The same team repped all sides in the $17 million trade of a 105,000 s/f property at 41-21 28th Street, Long Island City to a local developer. 
  • A 390,000 buildable square feet site at 29-16 Northern Blvd, Long Island City, was sold The Rabskey Group for $35 million. Junik, Baio, Blum and salesperson Michael Prange represented both the seller and purchaser. This site was previously owned by the Emmes Group. 
  • And a 60,000 s/f site at 32-21 37th Street, also LIC, was sold to a local developer for $8.1 million. The Pinnacle team represented the Stein Family in the sale while brokers Paul Bralower, Brendan Burke and Joshua A. Kleinberg represented the purchaser.

Read more at The Real Estate Weekly