GREINER-MALTZ BROKERS THE SALE OF 70,000 SF WILLIAMSBURG DEVELOPMENT SITE
Long Island City, NY, June 18, 2012 – A symbol of Williamsburg’s industrial past, an abandoned candle manufacturing factory situated abutting the elevated Brooklyn-Queens Expressway at Meeker Avenue has been sold to a development group for commercial/residential development.
Greiner-Maltz represented both the purchaser and the seller. Adrian Smilovici, Director of International Sales headed up the brokerage team with the assistance of Kostas Alafoyiannis, Senior Director.
This 72,000 sf site had been on the market for over 3 years before the Greiner-Maltz Team began its marketing program. The sale price of $9,400,000 reflected the recent eastward expansion of the Williamsburg mixed-use market, as well as the growing availability of financing. The purchaser, The Lichtenstein Group, plans on developing the site for residential and commercial.
For more information on this Greiner-Maltz property or any other available properties in the NY, NJ, or LI Metropolitan area please call Adrian Smilovici or Kostas Alafoyiannis at 718-786-5050 or visit our Website at www.greinermaltz.com.
Since 1953 Greiner-Maltz has been engaged exclusively in the leasing, selling, appraising and managing of industrial, commercial, and investment property in Manhattan, Brooklyn, Queens, Long Island, New Jersey, Westchester, and Connecticut. The firms five offices are actively managed by Principals: John Maltz and Sharone Levy in Brooklyn and Queens; Swain Weiner, metro area investments; Tom Attivissimo in Long Island, Raymond Musalo in New Jersey, and Ayall Schanzer in Westchester. www.GreinerMaltz.com