Ranking the city’s leading brokerages after one of the toughest years this cycle
Published on Monday, March 09, 2020 | posted by
Here’s what the $10M-$30M NYC investment sales market looked like last week
Published on Thursday, August 22, 2019 | posted by
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. . . .
Goldman, Blumenfeld team up to buy Bronx warehouse for $40M
Published on Thursday, May 16, 2019 | posted by
A joint venture of Goldman Sachs Asset Management and Blumenfeld Development Group is buying an industrial property in the Bronx for $38.5 million. . . .
Read moreHimmel and Meringoff buys mixed-use warehouse in the Bronx for $89M
Published on Monday, May 13, 2019 | posted by
Himmel + Meringoff Properties, which made early bets on Long Island City in the 1980s, has turned its attention to the Bronx and acquired a mixed-use Bronx warehouse for $89 million. A Pinnacle Realty team led by Fred Stein, Decio Baio and George Margaronis represented both sides of the deal. . . .
Read moreNormandy, Princeton sell Bushwick warehouse to Steel Equities for $53M
Published on Thursday, December 27, 2018 | posted by
Steel Equities – the Long Island-based investor that focuses on industrial and warehouse projects – picked up a Bushwick property for $53 million.
. . .
Neighborhood Charter School signs 45-year lease for 411 Wales Avenue in Mott Haven
Published on Thursday, May 17, 2018 | posted by
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. . . .
Madison Development picks up pair of East New York dev sites
Published on Friday, May 11, 2018 | posted by
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. . . .
Read moreInvestment sales ranking: Who crushed it and who got crushed?
Published on Thursday, February 01, 2018 | posted by
Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.”
. . .
These were the biggest Queens deals of the third quarter
Published on Thursday, October 19, 2017 | posted by
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.
. . .
Bottle shock: Home Depot buys 7-acre Coca-Cola site for $63M
Published on Wednesday, August 23, 2017 | posted by
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. . . .
Read more