Direct: 718 784 8436

About Decio Baio

For nearly three decades, Decio Baio has established himself as a trusted real estate broker specializing in commercial, industrial, development and investment brokerage in the outer boroughs of NYC.

His broad knowledge of the market, creativity, tireless work ethic and commitment to his clients has consistently produced industry leading results.

Decio holds a Bachelor of Business Administration Degree in Marketing and Management from Pace University.

Summary of Transactions

 

  • 300,000 sq. ft.–JP Morgan Chase / Standard Motor Products 37-18 Northern Boulevard, Long Island City, NY: Successfully procured the purchaser and facilitated the sale-lease back for this 300,000 sq. ft. Loft Building, which sold for $40,600,000.00 (Largest deal in Queens 2008).

  • 110,000 sq. ft.–Scalamandre Silks–37-21 24th Street, Long Island City, NY: Retained exclusively to facilitate the sale-lease back of their 110,000 sq. ft. Loft Building, the assignment was successfully completed by procuring Time Equities as the buyer for $7,150,000.00. The property was subsequently converted to creative Loft /Office.

  • 140,000 sq. ft. Fink-Baking Company–54th Avenue, Long Island City, NY: Retained exclusively to facilitate the sale of the 140,000 sq. ft. manufacturing/distribution facility and 60,000 sq. ft. of vacant land. The purchase was successfully completed with the procurement of three individual buyers, and sold for approximately $16,000,000.00

  • 153,000 sq. ft.–Manhattan Beer Distributors–5700 Avenue D, Brooklyn, NY: One of the largest industrial sales in Brooklyn, Pinnacle exclusively represented the seller, Manhattan Beer Distributors. The 5 acre site with a 153,000 sq. ft. 1-Story Building was sold for $15,500,000.00.

  • 80,000 sq. ft.–35-37 36th Street, Long Island City, NY: Repositioned this premier loft building in Astoria, Queens, Studio Square, consisting of approximately 80,000 sq. ft., as an office conversion with an additional 80,000 sq. ft. of air rights. Sold to Emmes Asset Management for $30,000,000.00 to be developed as a boutique office building opposite Kaufman Astoria Studio.

  • 85,000 sq. ft.: Target Corporation Facilitated the leasing of three separate distribution facility transactions in Brooklyn, Queens and Mount Kisco, New York totaling 85,000 sq. ft.

  • 52,000 sq. ft.–UA Plumbers Local No. 1 – 50-02 5th Street, Long Island City, NY: Facilitated the sale of this 2-Story 52,000 sq. ft. manufacturing facility at the Long Island City waterfront district to UA Plumbers Local No. 1. To be used as their main office and meeting hall. Sale price $10,250,000.00.

  • 51,200 sq. ft.–47-16 Austell Place, Long Island City, NY: Retained exclusively to sell 51,200 sq. ft. 4-Story loft building, to be repositioned to office / creative loft. Sold to Emmes Asset Management for $13,500,000.00.

  • Pepperidge Farm: Three separate distribution facility transactions totaling approximately 40,000 sq. ft. in Maspeth, College Point, Queens, Bethpage and Long Island.

  • Minolta–Copier Division: Facilitated a ten year lease of a 10,000 sq. ft. class “A” office space for the companies Queens office/sales facility.

  • Sherwin Williams, Inc.: Facilitated the lease of a 15,000 sq. ft. distribution facility in the Bronx.

  • Office Depot: Two separate distribution facility transactions totaling 25,000 sq. ft. in Maspeth, Queens.

When the City of New York rezoned parts of Long Island City, Queens to allow residential development, Decio immediately recognized the potential and convenience the area offered to developers, with its well-developed infrastructure, close proximity to Manhattan and affordable prices. With this in mind and his strong relationship with local owners and developers, a marketing strategy was implemented targeting properties in the rezoned areas which resulted in the majority of the residential development site transactions.

Residential Development Transactions Include:
  • 615,000 sq. ft.–29-16 Northern Boulevard – 44-35 Purves Street, Long Island City, NY: In one of the largest scale transactions in the Long Island City residential development arena, two (2) sites totaling over 615,000 buildable sq. ft. were assembled in an off market deal with a final purchase price of $67,000,000.00. Pinnacle procured the purchaser, the Rabsky Group and represented the Sellers, the Criterion Group and Emmes Asset Management.

  • 410,000 sq. ft.–30-17 49th Avenue, Long Island City, NY: In one of the largest joint venture deals in Long Island City, the owner / operators of this former taxi site consisting of an 80,000 sq. ft. plot, with a buildable area of over 410,000 sq. ft., were partnered with one of the most respected national real estate development companies. The Lightstone Group in a transaction valued at $150,000,000.00, including construction cost.

  • 400,000 sq. ft.–308 Nevins Street, Brooklyn, NY: In an off market deal, this 120,000 sq. ft. former Verizon facility in the Gowanus section of Brooklyn will be repositioned to tap its potential of over 400,000 sq. ft. of mixed-use development rights plus one of the longest frontages on the Gowanus canal.

  • 300,000 sq. ft.–41-38 / 41-20 Crescent Street, Long Island City, NY: Assembled six (6) contiguous properties for a total of 300,000 sq. ft. buildable, 450 units, which sold for $37,000,000.00

  • 106,000 sq. ft.–41-21 28th Street, Long Island City, NY: As Exclusive Agents for the seller of this prime Long Island City industrial property, we developed and executed a plan to reposition this 30,000 sq. ft. industrial building as a 106,000 sq. ft. residential development site generating multiple competitive bidders. Sold to Heritage Equity for $17,000,000.00.

  • 320,000 sq. ft.–41-40 24th Street, Long Island City, NY: 41,000 sq. ft. lot with 3-street frontage, buildable to 320,000 sq. ft. sold for $23,000,000.00.

  • 125,000 sq. ft.–5-05 48th Avenue, Long Island City, NY: Procured Tall Brothers as the Purchaser of this 125,000 sq. ft. buildable residential development site, which was one of the first condo development in the area and sold for $17,000,000.00.

  • 67,500 sq. ft.–33-01 38th Avenue, Long Island City, NY: Retained exclusives by to facilitate the sale of this unique Long Island City Loft Building conversion with 67,000 sq. ft. of residential development rights, the property was sold to prominent Manhattan, developer the Hakeman Group for $14,400,000.00.

  • 76,000 sq. ft.–11-15 49th Avenue, Long Island City, NY: Appointed the exclusive agents for the sale of this prominent residential development site located at the foot of the Pulaski Bridge. The site was purchased and developed as condos by Simone Development and sold for $10,000,000.00.

Listings by Decio Baio
37-11 Vernon Boulevard, Long Island City, NY 11101
 Development

Development Property Hotel | Office | Storage

More Details
  • Sq. Ft. 150,000
  • Block 358
  • Lot 12, 20
  • Zoning M1-3
45-17 Davis Street, Long Island City, NY 11101
 Development

Residential Development Site

More Details
  • Sq. Ft. 37,500
  • Block 85
  • Lot 13
  • Zoning M1-5/R73
35-11 Greenpoint Avenue, Long Island City, NY 11101
 Industrial

Prominent Location w/ Tremendous Exposure

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  • Sq. Ft. 29,500
  • Block 235
  • Lot 1, 24
  • Zoning M1-1
37-20 31st Street, Long Island City, NY 11101
 Industrial

The Ideal LIC Location

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  • Sq. Ft. 22,000
  • Block 322
  • Lot 8
  • Zoning M1-2
32-12 Hunters Point Avenue, Long Island City, NY 11101
 Industrial

Warehouse - Retail - Development

More Details
  • Sq. Ft. 20,000
  • Block 262
  • Lot 1
  • Zoning M2-1
37-08 34th Street, Long Island City, NY 11101
 Development

Prime LIC Warehouse!

More Details
  • Sq. Ft. 20,000
  • Block 375
  • Lot 20
  • Zoning M1-2 / R6A
22-61 45th Street, Astoria, NY 11105
 Industrial

Prime Industrial Building

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  • Sq. Ft. 17,500
  • Block 769
  • Lot 42
  • Zoning M1-1
58-17 59th Drive, Maspeth, NY 11378
 Industrial

Modern Building plus Yard

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  • Sq. Ft. 11,000
  • Block 2654
  • Lot 6
  • Zoning M1-1
170-37 Douglas Avenue, Jamaica, NY 11433
 Industrial

Jamaica 1-Story Building

More Details
  • Sq. Ft. 10,500
  • Block 10219
  • Lot 89
  • Zoning M1-1
54-15 48th Street, Maspeth, NY 11378
 Industrial

Meticulous 1-Story Building

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  • Sq. Ft. 9,500
  • Block 2556
  • Lot 3
  • Zoning M2-1
53-01 Metropolitan Avenue, Ridgewood, NY 11385
 Development

Development Site

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  • Sq. Ft. 8,400
  • Block 2634
  • Lot 15
  • Zoning R4 / C2-4 / R6B
170-30 Douglas Avenue, Jamaica, NY 11433
 Industrial

Jamaica 1-Story Building

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  • Sq. Ft. 4,200
  • Block 10220
  • Lot 13
  • Zoning M1-1
170-36 Douglas Avenue, Jamaica, NY 11433
 Industrial

1-Story Building

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  • Sq. Ft. 4,200
  • Block 10220
  • Lot 15
  • Zoning M1-1
163-23 Sayres Avenue, Jamaica, NY 11433
 Land

Land

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  • Sq. Ft. 4,000
  • Block 10203
  • Lot 46
  • Zoning R3A
114-67 Farmers Blvd, Jamaica, NY 11412
 Industrial

2-Story Jamaica Building

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  • Sq. Ft. 2,360
  • Block 11009
  • Lot 3
  • Zoning R5B / C2-3
111-43 178th Street, Jamaica, NY 11418
 Land

Land

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  • Sq. Ft. 1,800
  • Block 10295
  • Lot 44
  • Zoning R3A
193-16 Jamaica Ave, Jamaica, NY 11423
 Industrial

3-Story Apartment Building

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  • Sq. Ft. 1,880
  • Block 10821
  • Lot 44
  • Zoning R5 / C1-2