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. The sites at 554 and 578 Cozine Avenue, David Junik who did the deal, span two full city blocks, and they both contain one-story industrial buildings, which are not adjacent. Read…
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Turnover among New York City’s commercial real estate brokerages is rarely labeled a “game changer.” But when the city’s top investment sales firms experienced one of the biggest team moves to date in October 2016, the industry grappled with a fundamental question: What matters more, the platform or the people? Read more at The Real…
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Pfizer sold the last remaining piece of its development site at Brooklyn’s Broadway Triangle. Developer Abraham Brach paid $27.5 million for the property and is planning a residential-and-community facility building for the Orthodox Jewish community, sources told The Real Deal. Pinnacle Realty’s Abraham Lowy represented Brach, while Cushman & Wakefield’s Frank Frizalone represented Pfizer. Read…
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Rabsky, one of Brooklyn’s most active developers, closed on the purchase of the 3.4-acre site at 101 Varick Avenue for $45 million last week. Display case manufacturer M. Fried recently vacated the site’s one-story, 92,000-square-foot building, which it had owned and occupied for 25 years. Pinnacle Realty’s David Junik and Abraham Lowy brokered the sale…
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