Daniel Lebor News Today

TerraCRG, Brooklyn’s leading commercial real estate brokerage firm, has closed on the $42,500,000 sale of 575 Grand Street, a residential development property in Williamsburg. TerraCRG Partners Daniel Lebor and Dan Marks exclusively represented the seller on this deal. The 27,500-square-foot site occupies half a block, stretching from Lorimer to Leonard...

Tavros Capital and Charney Cos. are planning a roughly 660-unit apartment building at 300 Nevins St.

Conway Capital partners with MacTaggart family on Park Slope deal; Ron Rettner sells Bronx apartment building for $14.8M

Recent commercial real estate transactions in New York.

A limited liability company linked to J&R Acquisitions sold the industrial site at 46-81 Metropolitan Ave. in Maspeth to Prologis on June 2 for about $42.7 million, property records show. The site at 1301 Metropolitan Ave. spans about 85,000 square feet and is currently home to a 15,000-square-foot building, according to TerraCRG. The industrial real estate sector in New York held up fairly well during the pandemic, and firms leased roughly 870,000 square feet of industrial space during the fir...

SALES CBRE announced the sale of a religious facility located at 108 Washington Place in Passaic, NJ. The former Presbyterian church was acquired by the Church of God Prophecy for $750,000.  Charles Berger and Samuel Bernhaut and Nicole Nannola of CBRE’s Retail Services, represented the seller, Trustees First Presbyterian Society of Passaic, and procured the buyer, another religious institution that will continue to cater to the neighborhood. Built in 1927 to serve the Jewish congregation...