Updated Sep 17, 2026
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 28-90 Review Avenue
- Market: Long Island City
- Landlord: Graham Stephens
- Landlord's Representative: David Junik, George Margaronis, Paul Bralower - Pinnacle Realty of New York & Brendan Burke
- Tenant's Representative: Frank Rao & Michael Rao - New York Commercial Realty Group
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
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