In the world of mid-market investment sales last week, two church-owned properties sell in Lenox Hill for almost $18 million and an office building in
Midtown East went for a bit over $15 million. Here are the details:
Two entities — at least one of which is linked to the Chehebar family — sold a one-story industrial property at 966-988 Alabama Avenue near Starrett City in Brooklyn for $10.7 million, property records show. They
had owned the property since 2015, when it was acquired for $5.65 million. Pinnacle Realty’s David Junik and
Nechama Liberow represented the seller and brought the buyer into the deal. . . .
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The New York City Department of Transportation is nearing a deal to lease a vacant 92,000-square-foot building at 101 Varick Avenue in East Williamsburg,
Brooklyn, Commercial Observer has learned.
David Junik and Abraham Lowy of Pinnacle Realty are handling the transaction for the landlord and declined to comment. . . .
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Steel Equities – the Long Island-based investor that focuses on industrial and warehouse projects – picked up a Bushwick property for $53 million.
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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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Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property
and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. . . .
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Rabsky, one of Brooklyn’s most active developers, closed on the purchase of the 3.4-acre site at 101 Varick Avenue for $45 million last week. Display case
manufacturer M. Fried recently vacated the site’s one-story, 92,000-square-foot building, which it had owned and occupied for 25 years. . . .
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Meadow Buys Former Williamsburg Pleating Factory For $42m
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Sunshine Lighting, a wholesale supplier of bulbs and lamps, is putting the property near Halleck Street on the market for $38 million. . . .
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The Damast family’s Commodore Manufacturing Corporation is seeking tenants to occupy about 200,000 square feet of office space at a massive, six-story
industrial property in Sunset Park, mere blocks away from the Industry City project. . . .
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Pinnacle Realty of New York announced the following transactions: . . .
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