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Pinnacle Realty

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

News

Looking for certain features
The real deal

Lightstone Group Plans LIC Development

By

Carolina Bergara

August 26, 2011

David Lichtenstein’s Lightstone Group, owner of multi-family, retail and office properties in 27 states, is set to enter one of New York’s emerging residential markets, having just purchased a residential development site at 50-01 2nd Street in Long Island City for $19.3 million, or $105 per buildable square foot, Real Estate Weekly reported.

The site’s close proximity to Avalon Bay Communities’ Avalon Riverview South, the 7 train and the East River were all selling points, said Gary Blum, a partner at Pinnacle Realty, who represented the seller alongside Pinnacle’s Decio Baio and David Junik.

Read more at The Real Deal

 Long Island City Real Estate Weekly

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Astoria Brooklyn Commercial Observer Crain's New York Business For Lease For Sale Hot Property Long Island City PincusCo Queens Real Deal Real Estate Agent Real Estate Weekly The Bronx The New York Times Top Seller

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34-07 Steinway Street, Suite 202
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718-784-8282

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