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28-90 Review Avenue

Updated Sep 17, 2026

Bilt advertisement
Graham Stephens Leases 114,000 Square Feet In Long Island City To Contenur With Pinnacle Realty
LEASEDIndustrial

Graham Stephens Leases 114,000 Square Feet In Long Island City To Contenur With Pinnacle Realty

28-90 Review Avenue

Building Size

114,000 SF

Asset Type

Industrial

Closing

Aug 18, 2026

About this deal

AI

The property involved in the transaction is an industrial asset located at 28-90 Review Avenue in Long Island City, consisting of 114,000 square feet. The transaction represents a lease agreement, facilitating the establishment of the US headquarters for Contenur, a Spain-based company that specializes in urban waste containerization systems.

Summary of transaction details:

The deal was facilitated by Pinnacle Realty, representing Innovo Property Group in this lease transaction. The landlord's representatives, David Junik, George Margaronis, Paul Bralower, and Brendan Burke, were integral in finalizing the agreement. The tenant's representatives, Frank Rao and Michael Rao, played a key role in representing Contenur in this deal.

Players

Brendan Burke

Broker

$70.6M

vol

15 deals

Broker
Graham Stephens

Graham Stephens

Innovo Property Group

Landlord

$2.7B

vol

12 deals

Landlord

Brooklyn Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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