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Pinnacle Realty

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All Posts in Tag: Hot Property

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Innovo Property Group Scoops Bronx Warehouse

Innovo Property Group Scoops Bronx Warehouse

By

Carolina Bergara

December 20, 2019

NEW YORK CITY – Innovo Property Group, a New York City-based real estate investment and operating company, has acquired 511 Barry St., a 140,000-square-foot warehouse in the Hunts Point neighborhood of the Bronx for $54 million. Granite Point Mortgage Trust Inc., a Pine River Capital managed company, loaned $46 million for the acquisition. 511 Barry…

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For SaleHot PropertyThe Bronx
PRNY News And Press

Investor group buys Bronx warehouse for $55 million

By

Carolina Bergara

September 30, 2019

Pinnacle Realty of New York announced the following transaction. The prolific industrial real estate investor Innovo Property Group has made a $55 million purchase in the Bronx. The firm is in contract to acquire 511 Barry St., a roughly 135,000 square foot refrigerated warehouse in Hunts Points that could cater to the concentration of food-related…

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Crain's New York BusinessFor SaleHot PropertyThe Bronx
Here’s what the $10M-$30M NYC investment sales market looked like last week

Here’s what the $10M-$30M NYC investment sales market looked like last week

By

Carolina Bergara

August 22, 2019

In the world of mid-market investment sales last week, two church-owned properties sell in Lenox Hill for almost $18 million and an office building in Midtown East went for a bit over $15 million. Here are the details: Two entities — at least one of which is linked to the Chehebar family — sold a…

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BrooklynFor SaleHot PropertyReal Deal
Goldman, Blumenfeld team up to buy Bronx warehouse for $40M

Goldman, Blumenfeld team up to buy Bronx warehouse for $40M

By

Carolina Bergara

May 16, 2019

A joint venture of Goldman Sachs Asset Management and Blumenfeld Development Group is buying an industrial property in the Bronx for $38.5 million.  The companies are buying the Hunts Point property from Advantage Wholesale Supply, and they plan to use it as a warehouse for last-mile distribution, according to Pinnacle Realty’s David Junik, who brokered…

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For SaleHot PropertyReal DealThe Bronx
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