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Pinnacle Realty

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

Steve Nadel

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Steve Nadel

Steve Nadel

Partner
Linkedin - Steve Nadel Email - Steve Nadel

(718) 784-5907

snadel@pinnaclereny.com

Download PDF Bio

Steve Nadel is a 35+ year veteran in the commercial and industrial NY real estate market with experience spanning all sectors of
the industry.

In addition to his extensive deal-making experience, Steve’s clients benefit from his unique set of skills and his inter-disciplinary background. He holds
professional degrees in management, architecture and urban planning from New York University and the City College of NY. He has worked as a financial
analyst for zoning variance cases and is an expert in real estate– related information technologies.

Steve remains active in a number of professional and community organizations. He is a Member of the American Institute of Architects and serves on the
Board of Directors of the Clinton Housing Development Corp., a nonprofit developer of affordable housing.

Summary of Transactions

Brooklyn – Industrial
  • 50,000 sq. ft. – Cozine Avenue, Spring Creek, Brooklyn: Sale of 1-story industrial building to NYC Transit Authority for use as a steel fabricating plant.
  • 46,000 sq. ft. + parking -16 Rewe Street, East Williamsburg, Brooklyn: Steve sold this modern, high-bay warehouse & parking lot to Weiss Tool Distributors / WTD Supply and when they sought to dispose of it 20 years later, represented them on its sale at a 300 % profit.
  • 31,000 sq. ft. + 6,000 sq. ft. of parking – 1181 Grand Street, Brooklyn: Warehouse sold to Union Beer to accommodate the expansion of their craft micro-brew beer lines.
  • 24,000 sq. ft. + 8,000 sq. ft. parking- 1255 Willoughby Avenue, Bushwick, Brooklyn: Sold to a food import company for use as a warehouse with long-term upside potential as the surrounding Bushwick neighborhood continues to grow and evolve into an arts & entertainment district.
  • 26,000 sq. ft.–201 Bush Street, Red Hook, Brooklyn: Sale of a 1-story industrial facility now used by NYC Transit Authority as a printing shop.
Land Sales
  • 10 Acre Site – 750 Zerega Avenue, Bronx: Sale of one of the largest industrial parcels in the Bronx to the NYC Transit Authority upon which it constructed its primary bus repair facility.
  • 5 Acre Site – 364 Maspeth Avenue, Maspeth: Leased to an automobile impound/towing company.
  • 4.6 Acre Site – 48-05 Grand Avenue, Maspeth: Sale to NYC Transit Authority for construction of a unique multi-story bus depot and repair facility.
  • 4.7 Acre Site – 46-25 Metropolitan Avenue, Maspeth: Sale to NYC Transit Authority for construction of modern offices and processing center.
  • 2.5 Acre Site –220 3rd Street, Gowanus, Brooklyn: Anticipating the renaissance of the neighborhoods adjoining the Gowanus Canal, this site was sold to Whole Foods Markets for construction of its first Brooklyn retail store
  • 1.3 Acre Site – 41-02 Northern Blvd., Long Island City: Located and negotiated the acquisition of this site for Public Storage Company which developed it as a 110,000 sq. ft. self-storage facility. The transaction involved a complex tax lot separation.
  • 1 Acre Site – 2441 Atlantic Avenue, East NY, Brooklyn: Sale to NYC Transit Authority for use as a bus parking facility
  • 18,400 sq. ft. Site – 9th Avenue, Washington Heights: Sale to NYC Transit Authority for use as a bus parking facility
Queens – Industrial
  • 112,000 sq. ft.—41-50 21st Street & 41-02 22nd Street, Long Island City: Award-winning lighting designer, Edison Price Company, needed additional capacity near their Manhattan facility. Steve located the perfect building for them just across the Queensboro Bridge and successfully negotiated their expansion in two separate transactions.
  • 97,000 sq. ft. warehouse on a 3 Acre Site-26-45 Brooklyn-Queens Expressway: Sold to U-Haul for conversion into a self-storage facility and a truck rental operation.
  • 72,600 sq. ft. garage–40 Quay Street, Williamsburg, Brooklyn: Sold to NYC Transit Authority for use as a mobile wash van and maintenance facility
  • 41,000 sq. ft.–70-10 74th Street, Middle Village: Two-story industrial building leased to NYC Transit Authority for use as a printing shop and supply warehouse
  • 34,000 sq. ft. – 34-18 Northern Blvd., Long Island City: 4-story industrial building on Long Island City’s main thoroughfare, sold to an Israeli-based gold jewelry manufacturer.
  • 27,000 sq. ft. – 13-06 38th Avenue, Long Island City: Steve leased this 1-story warehouse facility with retail exposure on 21st Street, a major Queens thoroughfare, to Big City Auto Parts.
Office Building Sales
  • 100,000 sq. ft. – 41-60 Main Street, Flushing: Steve lead the marketing teamfor this former corporate headquarters of Greenpoint Bank. The site was sold to a local investor/developer who successfully repositioned it to take advantage of the large recent influx of Asian residents and businesses in downtown Flushing
  • 34,000 sq. ft.–211-11 Northern Boulevard, Bayside: Sale of a former Greenpoint Bank branch and regional offices to a local investor.
Tenant Representation

Steve has lead numerous space search campaigns for clients:

  • MTA: Negotiated 10 separate transactions including the acquisition of over 26 acres of land and over 200,000 sq. ft. of industrial buildings as part of a major public transit infrastructure expansion.
  • W.W. Grainger: Leased 7 new facilities totaling 120,000 sq. ft. in Manhattan, Brooklyn and the Bronx.
  • Beth Abraham Health Services: Located and negotiated leases or purchases for 6 new adult day care facilities.

Steve's Listings

Featured
View Property

850 Third Avenue, Brooklyn, NY, 11232

Premier Office And Industrial Space…

Sq. Ft.
565,000
Block
671
Lot
1
Zoning
M3-1
For

Lease

View Property

4312 2nd Avenue, Brooklyn, NY, 11232

85,000 Sq. Ft. Loft /…

Sq. Ft.
85,000
Block
726
Lot
1
Zoning
M3-1
For

Lease

View Property

858 East 29th St, Brooklyn, NY 11210

36,000 Sq. Ft. Modern Office/Campus…

Sq. Ft.
36,000
Block
7574
Lot
70
Zoning
R4
For

Lease or Sale

View Property

41-41 24th St, LIC, NY 11101

Prominent LIC Residential Development Site…

Sq. Ft.
25,009
Block
414
Lot
12
Zoning
M1-5, R9, LIC
For

Sale

View Property

102 43rd St, Brooklyn, NY 11232

High Cube 1-Story Building Available…

Sq. Ft.
23,200
Block
726
Lot
1
Zoning
M3-1
For

Lease

View Property

4323 2nd Avenue, Brooklyn, NY 11215

4,900 Sq. Ft. Retail Corner…

Sq. Ft.
4,900
Block
727
Lot
1
Zoning
M1-2
For

Lease

View Property

516 Schroeders Avenue, Brooklyn, NY 11239

4,615 SF Retail / Commercial…

Sq. Ft.
4,615
Block
4452
Lot
423
Zoning
R7A, R6, C2-4
For

Lease

Featured Listings

Featured
Exterior 850 Third Ave 1
View Property

850 Third Avenue, Brooklyn

Premier Office And Industrial Space - Approved Office Use Flex…

Sq. Ft.
565,000
Block
671
Lot
1
Zoning
M3-1
For

Lease

Featured
3 Google Earth 1110 Oak Point Ave
View Property

1110 Oak Point Avenue, Bronx

High Cube Building & Land 95,000 SF Mostly 1 Story…

Sq. Ft.
95,000
Block
2006 2771
Lot
30
Zoning
M3-1
For

Lease

Featured
31 31 48th Ave Map Ariel Punch Out
View Property

31-31 48th Avenue Long Island City, NY 11101

29,250 Sq Ft One-story Industrial Building Long Island City—Rare opportunity…

Sq. Ft.
29,250
Block
280
Lot
5
Zoning
M1-4
For

Sale

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