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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Legal services firm Prime Clerk has expanded its lease at the former Liberty View Industrial Plaza in Sunset Park, Brooklyn, Commercial Observer has learned.
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A tight hustle: TRD’s annual tally of the city’s biggest investment sales firms . . .
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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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Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.”
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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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