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Pinnacle Realty

  • About
  • Listings
  • Our Team
    • Partners
    • Brokers/Salespeople
    • Staff
  • News
  • Contact
718-784-8282

George Margaronis

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George Margaronis

George Margaronis

Partner
Email - George Margaronis

(718) 784-8404

gmargaronis@pinnaclereny.com

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George Margaronis began his real estate career in 2000 and has risen through the ranks of the commercial real estate industry at a remarkable pace. His hard work, dedication and common sense approach has produced an impressive volume of transactions in commercial, industrial and development Brokerage in the outer boroughs of New York City. His superior market knowledge, analytical skills and unique ability to get things done has produced a loyal following of small businesses, large corporations, institutional investors and developers.

Summary of Transactions

  • Himmel & Merringoff Properties / Square Mile Capital Management: facilitated the sale of 1601 Bronxdale Ave, Bronx N.Y. a 350,000 SF Multi-tenanted Industrial / Office complex. Sale price: $89,000,000.
  • Steinway Park – Astoria: represented the L Group; a prominent Queens developer for the marketing and sale of an Industrial Development consisting of 11 buildings totaling 48,150 SF. Project sold out within 12 months with a total transaction volume of $19,500,000.
  • 184-10/60 Jamaica Avenue, Jamaica: George and a team of Pinnacle partners and associates exclusively represented the Seller’s of this 600,000 SF Multi-Story Industrial Building. Sold to Madison Realty Capital for $79,000,000.
  • Spar Knitwear Complex: 22-19 41st Avenue + 21-21 41st Avenue, Queens Plaza, Long Island City. Approximately 200,000 SF in two buildings. Exclusive Agents for the Landlord to reposition and lease this Flex / Loft / Office Building.
  • Technico Construction: Sold Technico Construction a 2.5 acre Industrial site located at 42-02 56th Road, Maspeth, NY and subsequently leased of the site to Haddad’s Inc.; one of the largest movie/TV production equipment rental companies in the United States.
  • Wharton Equity: facilitated the sale of 35-01 36th Street, Long Island City, NY a 50,000 SF Office / Retail property for $24,000,000. Wharton Equity plans to develop the property for office tenants.
  • Best Way Carting: represented Best Way Carting in purchasing 86,000 SF of land located at 340-366 Beach 80th Street, Rockaway NY, and subsequently represented Best Way Carting for the leasing of the entire site to Silver Cup Scaffolding.
  • Emmes buys Studio Square: Emmes Asset Management on the behalf of one its pension fund clients buys Astoria’s Beer Garden site located at 35-37 36th Street, Long Island City, NY for $31,000,000. Studio Square will remain on the ground floor while Emmes will convert floors 2-6 to office space. Represented both the seller and purchaser.
  • Emmes: Retained exclusively by a local developer to sell, 47-16 Austell Place, Long Island City, NY a former 51,200 sq. ft. manufacturing plant. This assignment was successfully completed by procuring Emmes Asset Management as the purchaser for $13,500,000. Emmes will convert the entire building to creative loft space and shared office workspace.
  • WB Mason Co. Inc.: Office Supply Giant – W.B. Mason Co. Inc. lease of 107,000 sq. ft. 1- story warehouse + 63,000 sq. ft. of land located at 1160 Commerce Avenue, Bronx, NY has an aggregate rental of over $28.5 million.
  • Dykes Lumber: Successfully sold Dykes Lumber, 43-10 10th Street, Long Island City NY a 25,000 sq. ft warehouse with 15,000 sq. ft. of land for $7,100,000.
  • Verizon to Best Way Carting: Retained exclusively by Verizon to sell their 95,000 sf facility at Greenpoint, Brooklyn. This assignment was successfully completed by procuring Best Way Carting as purchaser. The property was sold for $6,300,00.
  • Cornerstone Medical Group: Lease of the 70,000 sf former St. Josephs facility, located at 159-05 Union Turnpike, Fresh Meadows, New York. Represented the tenant.
  • Dickward Widder Industries: Retained exclusively to lease a portion of their 150,000 sf facility in Maspeth, Queens. In the toughest environment since the Great Depression the assignment was successfully completed.
  • MBS LOVE: Retained exclusively to sell their 36,000 sf warehouse in College Point, Queens. The assignment was successfully completed with the procurement of Mondial Automotive, the purchaser.
  • Creative Tube Bending: Retained exclusively to sell their 28,500 sf warehouse in Brooklyn, NY. This transaction was successfully completed by procuring more than 90% of the asking price.
  • Midtown Express: The largest subcontractor for Time Warner Cable. Facilitated the leasing of an office warehouse facility in Long Island City. Represented both tenant and landlord. Also facilitated the leasing of their 55,000 sq. ft. facility in Maspeth, Queens.
Other notable transactions with:
  • Cornerstone Medical Group
  • Dickward Widder Industries
  • O’Connor Capital Partners
  • Amalgamated Bank
  • Jonathan Adler Inc.
  • Crush Wines
  • Fresh Direct
  • Dynamex
  • Med Star
  • Mount Sinai
  • New Castle
  • Odegard
  • Widex
  • MBS LOVE
  • Creative Tube Bending
  • Midtown Express
  • Mondial Automotive
  • UA Plumbers Local No. 1
  • Leather Spa

George's Listings

Featured
View Property

18-39 41st Street, Queens, NY 11105

35,400 Sf New Construction-State-of-the-Art Flex…

Sq. Ft.
35,400
Block
27
Lot
802
Zoning
M1-1
For

Lease

View Property

58-17 59th Drive, Maspeth, NY 11378

Modern 11,000 Sq. Ft. Building…

Sq. Ft.
25,000
Block
2654
Lot
6
Zoning
M1-1
For

Sale

Featured
View Property

55-02 Broadway, Woodside, NY 11377

Ideally Located Industrial | Showroom…

Sq. Ft.
22,000
Block
1194
Lot
32
Zoning
M1-1
For

Lease

View Property

21-07 41st Avenue, Long Island City, NY 11101

Full Floor Available – Partial…

Sq. Ft.
20,000
Block
410
Lot
46
For

Lease

View Property

689 Burnside Avenue, Lawrence, NY 11559

Unique Opportunity – Inwood /…

Sq. Ft.
16,800
Lot
1
For

Lease

View Property

22-19 41st Avenue, Astoria, NY 11101

Queens Plaza LIC @ 59th…

Sq. Ft.
16,000
Block
409
Lot
1
Zoning
M1-3
For

Lease

View Property

42-07 20th Avenue, Long Island City, NY 11105

Prime Astoria Industrial Building 15,500…

Sq. Ft.
15,500
Block
789
Lot
1
Zoning
M1-1
For

Lease or Sale

View Property

32-56 49th Street, Long Island City, NY 11103

15,000 Sq. Ft. 1-Story Building…

Sq. Ft.
15,000
Block
734
Lot
61
Zoning
C8-1
For

Lease

View Property

84-00 73rd Avenue, Glendale, NY 11385

Below Market – Warehouse /…

Sq. Ft.
15,000
Block
343
Lot
435
Zoning
R5
For

Lease

View Property

36-19 35th Street, Long Island City, NY 11106

Clean Fully Air-Conditioned Warehouse 15,000…

Sq. Ft.
15,000
Block
635
Lot
26
Zoning
M1-1
For

Lease

1 2 3

Featured Listings

Featured
1 Exterior 22 05 43rd Ave
View Property

22-05 43rd Avenue, Long Island City

Prime Commercial Development Site in the Heart of LIC 70,000…

Sq. Ft.
14,000
Block
426
Lot
5
Zoning
M1-5, LIC
For

Lease or Sale

Featured
2 Exterior 30 30 Hunterspoint Ave
View Property

30-30 Hunterspoint Avenue, Long Island City

LIC Logistic Facility @ The LIE Spectacular High Ceiling Warehouse…

Sq. Ft.
25,000
Block
291
Lot
43
Zoning
M2-1
For

Lease

Featured
1 Aerial View 28 90 Review Ave
View Property

28-90 Review Avenue, Long Island City

193,000 Sf Industrial Land Site Ideal Last Mile Distribution /…

Sq. Ft.
193,000
Block
294
Lot
106
For

Lease

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